Oracle Unveils Oracle Enterprise Performance Management System

To help organizations extend operational excellence and achieve management excellence, Oracle today announced the Oracle(r) Enterprise Performance Management (EPM) System, the industry's most comprehensive, fully integrated suite of EPM solutions.


Management excellence encompasses three attributes: Being smart, agile and aligned. A component of Oracle Fusion Middleware, Oracle EPM System supports strategic, financial and operational management processes across a common foundation enabling organizations to become smart, agile, aligned and better able to optimize enterprise-wide performance.


This next-generation release includes a number of innovations and capabilities to improve business insights and decision-making. It helps organizations drive greater value from existing Oracle investments and represents a significant milestone in the integration of Hyperion's market-leading performance management applications and business intelligence (BI) technologies with Oracle Fusion Middleware, including Oracle's scalable BI foundation, and Oracle Applications. 

"Current ERP systems provide organizations 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."

Customer-driven enhancements to Oracle EPM System include:



• A new Profitability and Cost Management application that helps provide actionable insights into costs and profitability across different lines of business.
  
• Enhanced integration with the Oracle E-Business Suite enables drill-through from EPM applications directly into transactional systems for faster, more accurate analysis. 
  
• Integration with Oracle Fusion Middleware, including Oracle's data integration, business process management, and identity management technologies, enabling customers to leverage existing IT investments and lower cost of ownership; 
  
• Essbase Studio, a new wizard-driven design environment for Oracle Essbase, simplifies the creation, deployment and management of multidimensional analytical cubes and applications.
  
• A new common Calculation Manager enables customers to graphically design, validate and administer business rules across planning and financial consolidation applications.
  
• Common Web workspace, Microsoft Office interface, application administration, installation and lifecycle management capabilities across the Oracle EPM System help drive lower cost of administration and ownership.
  
  

Oracle EPM System provides the strategic, leading performance management applications for current Oracle ERP customers, and the foundation to seamlessly integrate with future Oracle Applications. Built on Service-Oriented Architecture (SOA) standards, the Oracle EPM System is hot-pluggable and integrates with non-Oracle data sources and platforms such as SAP. Oracle EPM System deployment options include Oracle On Demand or on-premise models. Oracle EPM System is available now on Windows Server platforms.