Oracle Cloud EPM positioned as a Leader based on
"Completeness of Vision" and "Ability to Execute"
AUSTIN,
Texas, Dec. 12, 2023 /PRNewswire/ -- Oracle has
been named a Leader in the 2023 Gartner® Magic Quadrant™ for
Financial Planning Software and the 2023 Gartner® Magic Quadrant™
for Cloud Financial Close and Consolidation Solutions. In both
reports, Oracle was recognized as a Leader for its Ability to
Execute and Completeness of Vision for Oracle Fusion Cloud
Enterprise Performance Management (EPM).
With continued inflation concerns, high interest rates, and a
volatile economy, business leaders need accurate and efficient
financial processes that allow them to stay ahead of change. Oracle
Cloud EPM helps finance leaders eliminate manual processes and
embrace continuous innovation; model and plan across finance, HR,
supply chain, and sales; reduce time to close the books and report
with speed and accuracy; and drive better business
decisions.
"Manual and disconnected financial processes put a significant
strain on finance teams and slow down decision-making," said
Hari Sankar, group vice president,
Product Management at Oracle. "Oracle Cloud EPM helps customers
embrace automation and intelligence to improve the speed and
accuracy of financial insights. We believe our position as a Leader
in both Magic Quadrant reports acknowledges our product
strategy and highlights the value customers gain from connected and
intelligent financial close, planning, and reporting
processes."
Part of Oracle Fusion Cloud Enterprise Resource Planning (ERP),
Oracle Cloud EPM offers a comprehensive set of enterprise
performance management capabilities to align financial and
operational planning, help close the books faster, and manage
enterprise master data. With Oracle Cloud EPM, organizations
can:
- Enable a Faster, Easier, and More Comprehensive
Close: Oracle Cloud EPM includes purpose-built Financial
Consolidation and Close capabilities that enable finance teams to
effectively manage the entire consolidation and close process. By
automating account reconciliations and transaction matching and
addressing tax reporting needs, it helps finance teams to increase
the accuracy of financial statements, reduce time spent on global
reporting, and address security and risks that are typically
associated with these processes.
- Connect Financial, Operational, and Line-of-Business
Planning: Oracle Cloud EPM includes built-in
Planning best practices and connects finance, lines of
business, and operations plans for greater accuracy and
agility. Advanced scenario modeling capabilities help
organizations navigate uncertainty.
- Expand Insights with Embedded AI: Oracle Cloud EPM
includes Intelligent Performance Management capabilities that
enable finance leaders to quickly act on changes in the business
and make better business decisions. In addition, embedded AI
continually monitors plans, forecasts, and variances to identify
patterns in financial and operational data and predicts outcomes to
help guide decision-making.
- Embrace Continuous Innovation: Oracle Cloud EPM gives
organizations the ability to build, innovate, automate, adapt, and
leverage new business opportunities on-demand. With ongoing updates
in AI, machine learning, digital assistants, and world-class
analytics, its self-updating platform provides customers with the
most advanced technologies on a continuous basis.
In addition, Gartner Peer Insights™ provides verified customer
ratings and peer reviews. Earlier this year, Oracle was named a
Customers' Choice for North
America in the 2023 Gartner Peer Insights Voice of the
Customer for Financial Planning Software report. And in reviews of
Oracle's Financial Close and Consolidation solutions over the last
12 months, as of December 12, 2023,
95 percent would recommend Oracle Cloud EPM to their peers.
Oracle has garnered consistent industry recognition for its
finance applications, and was recently named a Leader in both
the 2023 Gartner® Magic Quadrant for Cloud ERP for Service-Centric
Enterprises and the 2023 Gartner® Magic Quadrant for Cloud ERP for
Product-Centric Enterprises.
To learn more about Oracle Cloud EPM, visit oracle.com/epm
Gartner Disclaimer
Gartner, Magic Quadrant for Financial Planning Software,
05 December 2023, Regina Crowder, Matthew
Mowrey, Vaughan Archer
Gartner, Inc., Magic Quadrant for Financial Close and
Consolidation Solutions, Nisha
Bhandare, Permjeet Gale, Jeffrin Francis, Renata Viana, November
27, 2023
GARTNER is a registered trademark and service mark, and MAGIC
QUADRANT is a registered trademark of Gartner, Inc. and/or its
affiliates in the U.S. and internationally and are used herein with
permission. All rights reserved.
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About Oracle
Oracle offers integrated suites of
applications plus secure, autonomous infrastructure in the Oracle
Cloud. For more information about Oracle (NYSE: ORCL),
please visit us at www.oracle.com
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SOURCE Oracle