Register now for

Transforming Financial Processes - Migrating to Oracle EPM Cloud

Thursday, Jan 25th, 11:00AM CDT

Scott Costello

Scott Costello

StratAlyze Solutions

Chris Maske

Chris Maske

Elire Inc.

About the webinar

The growing need to transform operational processes like planning, financial consolidation and close, and management reporting has many organizations looking to a more modern solution. Whether your organization utilizes excel or an on-premise solution such as Hyperion, the expanded features offered from Oracle Cloud EPM offer an accessible solution for increased reporting efficiency and accuracy. In this webinar we’ll cover key considerations for migrating to Oracle Cloud EPM, demo Cloud EPM functionality, and discuss how your organization can benefit from leveraging a SaaS solution.

TOP 4 REASONS TO CONSIDER ORACLE CLOUD EPM

 1.

Reduce TCO

The total cost of ownership for EPM processes is materially lower in the cloud because common overhead functions are taken on by the cloud service provider rather than the customer. TCO is frequently miscalculated and understated when comparing on-premise costs to cloud EPM solutions. The most common mistake is to simply compare current on-premise license and support costs to the subscription costs of a new cloud services; this is an apples-to-oranges comparison. The cloud service subscription includes material benefits  that are separate line items for hardware, IT charges, and upgrades.

 2.

Innovation

Another benefit of the cloud is the immediacy of new features for users that can improve EPM efficiency and accuracy. Traditional on-premises software can go two to four years between upgrades.One example is quickly adding a key feature such as sandboxing – which quickly allows for easier what-if analysis, improvements to performance, or improvements to usability.

 3.

Leverage Best Practices to Elevate Processes

You may have a strong inclination to just lift and shift current EPM processes to the cloud. While this may seem the fastest route to the cloud, it overlooks the opportunity to adopt best practices. Lift-and-shift may be appropriate for unique company-specific EPM processes. But for the most common EPM business processes – such as expense planning, workforce planning, financial consolidations, etc. – adoption of best practices built into the cloud should be seriously considered as a key benefit.

 4.

Create a More Agile Organization

Agility in financial and operational EPM processes is perhaps the most overlooked benefit of Oracle EPM Cloud. Organizations need to be able to react quickly to market opportunities and threats. Oracle EPM Cloud answers this need by enabling reimagined business processes, optimized administration, connecting operational planning with corporate planning, and hybrid deployments

ABOUT ELIRE

  • 18+ Year Oracle Partner – Recognized for superior customer service and member of the Oracle PeopleSoft Partner Program 
  • The Cloud Project Fixers – Elire specializes in taking red Oracle Cloud projects back to the Green with our refined tools 
  • Certified Cloud Consultants – With deep experience in Oracle Cloud applications and diverse industry backgrounds 
  • 50+ Oracle Cloud Projects for 30+ Diverse Customers
  • Industry Recognized PeopleSoft to Cloud Transformation leader with thriving practices and experts in both applications
  • Proprietary PeopleSoft to Cloud Accelerator Tools for Co-existence and Data Migration that are build, tested, and proven across 10+ PS to Cloud Transformations
  • 100+ – PeopleSoft Clients – including Federal, Public Sector, Healthcare, Education, and Financial Services 
  • 275+ – PeopleSoft Projects – including PeopleSoft Implementations, Optimizations, Managed Services, and 20+ 9.2 Upgrades
  • Proprietary PeopleSoft Accelerator Tools including PS Customization Identification Accelerator and Scope Object Tracker

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