Operating your business becomes more complicated as you grow. Eventually, your management processes become unwieldy and reduce your ability to respond suitably to a rapidly changing business environment. Implementing a system to connect your strategy, plans, execution, and performance analysis will keep your business competitive and agile.
Oracle Enterprise Performance Management (EPM) solutions support the following management cycle processes:
- Goal setting, Budgeting, Forecasting and Modeling
- Defining plans
- Consolidation of results and closing the books
- Reporting results
- Performance and Profitability analysis
Advances in technology have made these complex processes simpler and more accessible. With Oracle EPM, you can have all of this data available in real-time to get and keep your managers involved from goalsetting through analysis. Tracking key performance indicators (KPIs) will help them understand market trends and disruptive actions by competitors or within the industry as a whole. It will enable them to respond swiftly, thus ensuring you continue to meet your business objectives.
EPM solutions have been around for decades now, and each generation of EPM software brings new benefits to business with improvements in capturing, recording, calculating, and sharing data. This drives accountability by aligning your strategic, financial, and operational goals, and gives your managers timely and more comprehensive information.
With rapidly changing technology, EPM platforms have evolved into software as a service (SaaS) or cloud-based software, which is quick to deploy, reduces the cost of ownership, and improves security and accessibility.
Astral Solutions Group’s experienced team can help you choose the right Oracle EPM solution for your business. Contact us today with any questions about Oracle EPM. We are happy to help! Feel free to call us at 1-800-640-7161.