What is Oracle Enterprise Performance Management?
Business continues to change at an ever more rapid pace. Volatile market dynamics have immediate impact on a global scale. Organizations today are faced with higher degrees of uncertainty, forcing them to reinvent management practices, and to develop superior capabilities to manage the current performance and long term sustainability of their business. Corporate Boards and regulators are placing greater demands for transparency and accountability on these organizations. These new demands are piled on top of the traditional risks of globalization, deregulation, technology advancements, and commoditization. Data is also becoming increasingly more complex, less insightful and more difficult to analyze. As a result, executives are facing more pressure to ensure that information about their operations is correct and consistent. They must have confidence in their processes and in the results that they are reporting.
Oracle Enterprise Performance Management (EPM)
is a management discipline that focuses on supporting integrated management processes on a strategic, financial and operational level enabling organizations to more effectively run their business. What if you could have timely, accurate, and relevant intelligence with which to plan and control your entire organization? What if you could have the most important metrics to measure the performance of the organization at your fingertips? What if all of your management systems could work together to provide what you need, when you need it?
There are many benefits to EPM:
- Augmented organizational flexibility
- Improved communication
- Stakeholder alignment
- Governance and compliance
- Better preparation for changes
- Superior business management
- Connected business processes
- Defined Business process framework
- Accountability and visibility
- Timely actionable information
- Decreased total cost of ownership
- Increased return on investment
- Leverage ERP / CRM systems
- Increased predictability
- Reduced risk
- Strategic, competitive advantage
- Standardized management processes
- Enhanced efficiency and adaptability
As always there are many challenges to implementing, optimizing and realizing full value of an EPM system implementation. There are many factors that may lead to challenges for companies. How will my business process change? What changes can be made that better leverage the technology? How do we integrate the data? Who should have access to what? How can we optimize our system for performance and ease of maintenance?
MindStream Analytics has years of experience dealing with these questions and working with companies and their EPM needs. EPM can create a competitive advantage for the companies that adopt it by enabling them to anticipate and respond to a changing business climate faster than their peers. MindStream can help you achieve your advantage.
Partner SpotLight
Oracle
Oracle has the most comprehensive suite of integrated, global business applications that enable organizations to make better decisions, reduce cost
Our Company
MindStream Analytics' senior staff was there at the birth of Business Intelligence. We have been part of building Business Intelligence nationally from its humble niche product status to the ubiquitous analytic tool that it is today. MindStream consultants are well versed in reporting and information management and are ready to help you leverage the power of multiple tier-1vendors. From Oracle Hyperion to IBM Cognos, we can help you select and integrate the right tools for you to better understand your information. MindStream Analytics has experience across a wide variety of industries: Business Services, Consumer Products, Energy, Financial Services, Healthcare, Manufacturing, Transportation , and Telecommunication. We have the depth and breadth of experience to help you deliver actionable information to users.
Our Clients
ATCO Group
Energy conglomerate ATCO operates worldwide in utilities, power generation, and related services.
Avalon
Working with MindStream Analytics, Avalon Healthcare Solutions adopts NetSuite Planning and Budgeting to accelerate budgeting and forecasting processes.
Bayer Health Care
Bayer Healthcare implemented Hyperion Planning and Workforce Planning in 10 weeks to dramatically streamline their Income Statement budget and Workforce Planning process..
Celgene
An Oracle Hyperion Planning Upgrade provides multi-national organization Hyperion Application optimization and stabilization.
Cleaver Brooks
MindStream guided Cleaver-Brooks through a reliable evaluation process that ultimately aligned their business goals with the right product: a unified financial reporting, consolidation, budgeting, and forecasting solution.
Plaskolite
By migrating to OneStream, Plaskolite has achieved a material reduction in consolidation time and overall Financial Close cycle, eliminated the hours spent compiling and verifying data in Excel, streamlined its Planning, Budgeting and Forecasting model and delivered flexible and timely reporting that enables more strategic analysis of their financial data.
Simon
Simon's existing corporate Hyperion Financial Management (HFM) production application was consolidating at a rate of seven hours, a performance issue causing great headache to corporate Accounting.
UPenn
MindStream Consulting and AppCare team members are proud be working side by side with UPenn university in accomplishing this implementation and along with continuing our AppCare services after go-live.
USG
USG was an Oracle Hyperion customer realizing that it needed more specialized support for its various Oracle Hyperion applications.
Vantiv
DIVIDING A HYPERION PLANNING APPLICATION, EXPANDING THE HYPERION FOOTPRINT TO FORECAST ON THE BUSINESS? CUSTOMER CATEGORIES
Versant Health
Versant Health engaged MindStream to help resolve the challenges they were experiencing with their consolidation, close, and financial reporting processes
WeWork
MindStream Analytics determined that the best solution was to implement Oracle Essbase Cloud as part of the Oracle Analytics Cloud (OAC) platform-as-a-service
WindStream
INNOVATIVE USE OF ESSBASE TO STREAMLINE AND CONNECT HYPERION FINANCIAL MANAGEMENT FOR ENHANCED FINANCIAL ANALYSIS