Oracle announced a new release of its industry-leading Oracle® Enterprise Performance Management (EPM) System Release 11.1.2.2.
Oracle EPM System Release 11.1.2.2 introduces new application modules – Project Financial Planning and a new Account Reconciliation Manager — as well as major enhancements across the Oracle Hyperion EPM application portfolio.
In addition, customers can now achieve extreme performance for planning and forecasting by leveraging Oracle Exalytics In-Memory Machine.
A component of Oracle Business Analytics, Oracle’s EPM System combines category-leading EPM applications and business intelligence (BI) products to support a broad range of business processes that enable organizations to become smarter, more agile and better aligned.
Oracle is the global leader in Business Analytics with engineered systems, platforms, applications and tools that enable organizations to acquire, integrate, manage and analyze all of their data to make faster, better informed business decisions.
Planning at the Speed of Business with Improved Analytic Insights
- With Oracle EPM System Release 11.1.2.2, Oracle Hyperion Planning customers can now take advantage of Oracle Exalytics In-Memory Machine for planning and forecasting at the speed of business, in more detail and supporting more users – all with dramatic performance gains.
- Organizations can carry out project-based budgeting, funding, approvals and tracking with a new Project Financials Planning module. This pre-built application helps customers improve the financial performance of key projects and project portfolios, and complements investments in ERP project modules and project management applications.
Helping Organizations Achieve Faster Financial Reporting, with Improved Visibility and Reduced Risk
- Oracle’s industry leading Hyperion applications for financial close and reporting deliver significant new capabilities in this new release.
- Organizations can further streamline the close process and reduce audit risks and associated costs with a new Account Reconciliation Manager module.
- Oracle Hyperion Financial Management application now features configurable dimensionality to deliver more flexibility and detail in financial and management reporting to support internal as well as statutory reporting initiatives.
- With Oracle EPM System Release 11.1.2.2, Oracle Hyperion Disclosure Management now provides built-in support for SEC validations as well as other enhancements.
Delivering Rapid Value and Lower Cost of Ownership
- With a new Web 2.0 style user experience that delivers improved collaboration and productivity, Oracle EPM System Release 11.1.2.2 introduces a number of platform technology enhancements enabling organizations to achieve rapid time to value and a lower total cost of ownership.
- Oracle EPM System 11.1.2.2 now provides pre-built integration with Oracle Fusion Financials, Oracle’s JD Edwards EnterpriseOne Financials and Oracle’s PeopleSoft Commitment Control to help customers simplify the integration of management and operational processes.
