Oracle Unveils Enterprise Performance Mgmt System

Oracle has announced the Oracle Enterprise Performance Management (EPM) System to help enterprises achieve operational and management excellence. A component of Oracle Fusion Middleware, Oracle EPM System supports strategic, financial and operational management processes across a common foundation enabling organisations to optimise enterprise-wide performance.

The EPM includes a number of innovations and capabilities to improve business insights and decision-making. It helps organisations drive greater value from existing Oracle investments and represents a milestone in the integration of Hyperion’s performance management applications and business intelligence (BI) technologies with Oracle Fusion Middleware, including Oracle’s scalable BI foundation, and Oracle Applications.

The EPM is equipped with a new profitability and cost management application that helps provide actionable insights into costs and profitability across different lines of business. Essbase Studio, a part of the EPM, simplifies the creation, deployment and management of multidimensional analytical cubes and applications. The in-built Calculation Manager enables customers to graphically design, validate and administer business rules across planning and financial consolidation applications.

“Current ERP systems provide organisations the tools to excel from an operational standpoint, but lack the holistic view needed across operational systems to evaluate market opportunities and align with the interests of external stakeholders,” said Robert Gersten, senior vice president, Oracle EPM Development. “Oracle EPM System delivers the foundation, applications, and seamless integration needed to integrate and transform management processes across the value chain and drive global insight into action.”