In May, 2016 Gartner named Oracle a leader in EPM Cloud solutions. True to its leadership role, Oracle has announced the addition of Oracle Profitability and Cost Management Cloud (PCMCS) to the EPM Cloud suite. PCMCS is generally available now!
“What you don’t know about where your business is making and losing money can really hurt you. In today’s high-paced and increasingly competitive global business climate, it’s essential that your organization focuses resources and cash on the right priorities,” said Hari Sankar, group vice president of enterprise performance management at Oracle. “PCMCS enables organizations to easily identify their profit winners and address inefficiencies, ultimately improving business agility and profitable revenue growth, while minimizing costs.”
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Oracle’s newest EPM Cloud offering is built for the cloud, but best practices from Hyperion Profitability and Cost Management are leveraged to ensure customers will reap the benefits of Oracle’s rich experience delivering enterprise performance management solutions for decades.
“PCMCS provides a cost effective model to help uncover profitability and costs. Features include an easy to use interface for allocating things like direct, indirect and shared service costs to accurately calculate true profitability. Additional benefits include ‘out of the box’ embedded analytics which provides intelligent dashboarding and reporting capabilities,” said Santhosh Nair, general manager, Oracle EPM at Perficient. “This will be a game changer given the rapid deployment methodology and lower cost of ownership.”
According to Oracle, if you are considering moving your applications to the cloud and “if you have built your model using the management ledger style, it’s an easy ‘lift and shift’ move. If you built it using other styles, many of the objects can still be reused.” To learn more, there’s a great blog post Discover Profit Winners with Oracle Profitability and Cost Management Cloud that’s worth a read.