RealTime IT News

Oracle Updates EPM Suite

Oracle has souped up its Enterprise Performance Management suite in an upgrade geared for large enterprise customers. The company is billing EPM 11.1.2 as the most comprehensive solution for financial transactions for publicly traded firms.

The upgrade is largely based on Oracle's work integrating its business intelligence capabilities into the EPM offering, and draws on the technology acquired through the purchases of Hyperion and Sibel Systems.

Datamation takes a look at Oracle's new EPM suite.

Oracle unveiled Enterprise Performance Management (EPM) 11.1.2, a suite of new applications integrated with its Fusion middleware platform to help large enterprise customers improve their strategic, financial and operational management processes.

Incorporating business intelligence (BI) and EPM functionality from its prior multibillion-dollar acquisitions of Hyperion and Siebel Systems, Oracle ERP 11.1.2 promises much deeper integration with Microsoft Excel and Outlook to speed along the daunting task of consolidating financial reports and delivering accurate financial reports to regulatory agencies such as the Securities and Exchange Commission (SEC).

"There's been a lot of integration between BI and EPM over the last few years," Hari Sankar, vice president of Oracle's EPM product management team, told InternetNews.com. "With this release, Oracle is delivering the most comprehensive offering in financial close and financial reporting processes for public companies."

Read the full story at Datamation:
Oracle's EPM Suite Update Includes New Management Apps