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Oracle EPM: Enterprise Performance Management Implementation

In today’s digital economy, your executive team needs an extremely reliable way to monitor the success of your business, and gather up-to-the-minute information and analyze predictive metrics to make decisions about its future. Oracle Enterprise Performance Management (EPM) Solutions, including EPM Cloud or on-premise Hyperion, allows you to proceed with confidence in your decision making—and CSS has the proven experience to implement your modern financial solution.

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What is the Value of EPM to Your Organization?

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    Reduced Cash conversion cycles and boosted productivity

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    Enterprise savings exceeding investment

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    Reduction in planning and budgeting cycles and financial close windows

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    Improved forecast accuracy and production errors

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    Better cash conversion cycle which helps boost profitability

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    Better alignment of strategic plans to tactical actions

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    Increased management efficiency through faster and better decision making

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    Integration to on-premise solutions

Benefits of Moving EPM Management to the Cloud

Oracle’s EPM Trends 2017 report lists the following benefits, along with the percentage of users who have experienced those benefits:

  • Staying current on technology/upgrades (75%)
  • Faster deployment (71%)
  • Improvement in service received (66%)
  • Improved flexibility (62%)
  • Access for more of our users (61%)
  • Better data governance (59%)
  • More accurate numbers (50%)
  • Industry capabilities (48%)
  • Improved security (41%)

Fix Operational Reporting with EPM Management

According to the 2017 Oracle trends report, “Reporting is the important insight into both transactional (ERP) and management (EPM) processes, particularly in highlighting issues that need to be addressed and resolved.” This study shows that operational reports are more problematic. With Oracle’s EPM management system, however, multiple lines of business can share their expertise to create “accurate, timely, concise and easily understandable reports for a wide range of stakeholders.”

Don’t Underestimate the EPM Implementation Process

It isn’t unusual for companies to underestimate what’s involved in implementing an enterprise project management system, at least when it comes to change management needs. The professionals at CSS are highly experienced at implementing the system and in facilitating a sustainable way for your team to plan and manage your projects. Embrace change. Win at technology. 

CSS for Your EPM Management

Our consultants have deep industry experience and hands-on knowledge that, when combined with their Oracle wisdom, can allow you to streamline the implementation of your EPM system, whether that’s an on-premise solution like Hyperion, or EPM Cloud. This will give you up-to-the-minute information about your company’s operational and financial data, gathered from diverse sources, and provide crucial analytical and predictive information. This allows you to make informed decisions using data collated from around the globe.

EPM Solutions That Meet Your Individual Needs

No two enterprises are alike—and you’re likely to have differing informational needs by geographical region, by product line, and by customer. That’s why we review your specific needs and leverage the power of Oracle enterprise systems to offer you holistic management solutions. Let us implement a system that will gather together disparate data, fill in the gaps, analyze inputs, and provide predictive data to add visibility and value across your enterprise. We have extensive experience with Oracle’s on-premise solution, Hyperion, and the EPM Cloud solution and can help you determine the path that’s right for your organization. 

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Oracle EPM Consulting FAQs

What is Oracle EPM Cloud’s value for enterprises?

EPM processes are cumbersome when handled manually, which cuts into your company’s bottom line. When EPM is moved to the Cloud, processes are automated, with manual work reduced to help eliminate errors and speed up the entire process. With EPM Cloud, enterprise teams get results faster, with operations seamlessly aligned. Costs are reduced, including total cost of ownership, while time to value shrinks. Because no two enterprises benefit in exactly the same way with Oracle EPM Cloud, we invite you to contact our EPM consulting services team online or by phone: 1-800-814-7705.

What is the difference between EPM and ERP? How do they work together?

ERP solutions provide operational support for transactions such as accounts payable, purchasing, billing, accounts receivable, and so forth. These processes are typically high volume, supporting financial reporting: balance sheets, income statements, cash flow statements, budget variance reports, and so on. EPM solutions complement ERP solutions with budgeting, planning, forecasting, modeling, reporting, analytics and more. Typically, enterprises deploy ERP solutions first, but the two systems become synergistically more powerful when strategically integrated. To discuss optimizing solutions with minimized disruption, please contact our EPM consultants online or call 1-800-814-7705.

Can you provide a list of Oracle EPM products?

EPM Cloud products include:

  • Planning and Profitability:
    • Oracle Planning and Budgeting Cloud
    • Oracle Enterprise Planning and Budgeting Cloud
    • Oracle Profitability and Cost Management Cloud
  • Financial:
    • Oracle Financial Consolidation and Close Cloud
    • Oracle Account Reconciliation Cloud
    • Oracle Tax Reporting Cloud
  • Narrative: Oracle Enterprise Performance Reporting Cloud
  • Enterprise Data Management: Oracle Enterprise Data Management Cloud

Hyperion is an on-premise planning solution.

CSS offers comprehensive Oracle EPM consulting services, tailored to your company’s specific needs. We invite you to contact us online or call 1-800-814-7705 to discuss the enterprise performance management challenges you face.

If I currently use Excel for planning, how will EPM be better?

Excel planning is a manual process, and can be exceptionally time-consuming and prone to error; EPM harnesses technology so your expert team can be freed up for higher-ROI work. With Excel, data from different departments must be compiled; EPM provides real-time, accurate data. Sharing Excel via email presents significant security risks; EPM provides enterprise-quality security. Excel is limited in complexity. EPM is endlessly scalable.

Contact our EPM consulting services team online or by phone at 1-800-814-7705 to discuss how enterprise performance management technology can help your company.

What integrations exist for EPM solutions and on-premise ones?

Oracle has created EPM technology that facilitates ease of integration with virtually any system, and the number of supported applications continues to grow. Plus, our Oracle EPM consultant team is highly experienced with integrations across platforms. If your company has considered transitioning from an on-premise solution to a Cloud-based one, this could be a good time to discuss possibilities and benefits with our enterprise performance management consultant team.

No two companies or situations are alike, so we encourage you to contact our EPM consulting services team online or by phone: 1-800-814-7705.

How have companies used EPM in a hybrid environment?

We’ll use our Graniterock case study as an example. As CSS assisted with their JDE EnterpriseOne 9.2 update, we discovered planning and budgeting needs that could be handled with the EPM Cloud; current planning solutions were manual, and severely limited visibility and hindered accuracy. The EPM Cloud reduced TCO, minimized risk of error, and modernized their footprint, one easily scalable. The EPM Cloud was implemented, integrated, and live in under eight weeks.

Contact us online or call us at 1-800-814-7705 to discuss how our EPM consulting team can help you.

What implementation process does your Oracle EPM consulting team take?

We recognize that no two companies are alike due to differences in product lines, geographics, types of customers, and more. So, we review each enterprise’s specifics before recommending holistic enterprise performance management solutions to fill in the gaps and maximize existing technology.

Our enterprise performance management consulting team has extensive experience in both EPM Cloud solutions and Oracle’s on-premise solution (Hyperion), and we’ll optimize and implement your EPM solutions sustainably. No matter where you are in the implementation process, you can contact our EPM consultants online or call us at 1-800-814-7705.

How would your Oracle EPM consultants transition our company to the Cloud?

It isn’t unusual for companies to underestimate the depth and breadth of the change management required during a transition to the Cloud. That’s why our EPM consulting team combines organizational change best practices with sound behavioral science to manage the transition from the individual level to the enterprise level so you can reap the enormous benefits of the Cloud.

This sustainable transition allows your company to maximize your technology investment. To discuss how this would work at your company, contact our EPM consultants online or call us at 1-800-814-7705.

What change management do you offer as part of EPM consulting services?

Effective organizational change management (OCM) allows companies to realize, on average, ROI of more than 140 percent. With poor OCM processes the average is just 35%. Our EPM consulting team provides OCM services at the enterprise, division, project team, and individual levels:

  • Enterprise/organizational: establish accountability alignment, charter processes and more
  • Division/facility/department: prepare people for transitions, mitigate risks and more
  • Project/core/extended teams: maintain productivity, reduce stress and more
  • Individual: new technologies adoption and culture of sustainability creation

Contact our EPM consultants online today or call 1-800-814-7705.

Why is CSS the right enterprise performance management consulting company for us?

Our Oracle-only consultants have high levels of expertise, including full process knowledge (technical and business). When you work with our EPM consultant team, you work with a group that’s dedicated to your project and led by a senior consultant. Because CSS has such low turnover, you’re assured resource consistency throughout your implementation.

CSS provides complete EPM solutions, Cloud and on-premise, and we go far beyond plug and play as we uncover best business processes while maximizing and leveraging out-of-the-box functionality. Contact our EPM consultants online or call 1-800-814-7705.