Oracle EPM Strategic Modelling free for 12 months to existing EPM Cloud users

Oracle EPM Strategic Modelling free for 12 months to existing EPM Cloud users

Published by: Sinead Woods
Published date: 1st Jul 2020

Blog post written by Brian Somers, Technology Advocate for EPM and BI with Codec. 

As we start to re-emerge into this post Covid-19 world, I think you would agree that nothing is certain anymore. The best we can do is to have a number of scenarios at our disposal in order to try to understand how our business is going to perform and enable us to react to anything else that may come our way.

To help businesses cope with these strange times Oracle are providing it’s Strategic Modelling business process free of charge to existing Oracle EPM Cloud customers for the next 12 months.

If you do not have Oracle EPM Cloud but are an Oracle EPM on-premise user, the move to the cloud and use of Strategic modelling is straightforward, cost effective and beneficial to other areas of your businesses.  In addition, if you move, you not only get strategic modelling business process but you also get additional business process cloud offerings included such as Account Reconciliation, Financial Close and Narrative reporting available (to name a few).

Strategic Modelling and Scenario Planning

Oracle Strategic Modelling will help your organisation run detailed ‘what-if’ scenarios for a wide array of possible economic situations, including payment delays, inventory fluctuations, and supply disruptions. It will also help increase the accuracy of revenue and cash flow forecasting and capital structure scenario modeling, and assist with bank covenant compliance, funding compliance, and credit rating calculations.

With free access to these industry-leading capabilities, you will be able to benefit from:

  • Enhanced business agility and improved decision-making: Our Monte Carlo simulation capabilities will help you substantially improve business agility and mitigate negative outcomes by enabling you to test a range of likely outcomes and plan for potential responses.
  • Accurate liquidity models: Balance sheet modeling becomes critical when you are modeling for liquidity. Our built-in “goal-seek” capability will help you run periodic checks to decide which operational variables need to change for effective cost management and cash optimization.
  • Simple and insightful reporting and analytics: It is key to not only communicate the numbers in the model, but also the thinking behind the numbers. Real-time analysis and report distribution are available using a variety of report formats, and both reporting and analysis are possible using a web browser and SmartView for Microsoft Office.

Next Steps

No one has a crystal ball, but regardless of what happens in the coming months, Codec and Oracle are committed to helping. For CFOs and finance leaders across the globe, the next few months will represent their biggest professional challenge. We’re here to support you and we’ll get through this together!

For further information contact Codec for a live demo of Strategic Modelling or any of the other Financial Business processes available in Oracle EPM Cloud.

Click here to arrange a consultation.

About the Author

Brian Somers

Brian Somers is currently a Technology Advocate for EPM and BI for Codec helping organisations adopt the correct solutions to improve and enhance their Enterprise Performance Management and Business Intelligence functions. Brian has worked for Codec for 28 years advising on technologies such as Oracle/Hyperion, Infor, SAP and Microsoft in multiple industries including Finance, Manufacturing, Transport, Local Government, Aircraft Leasing, Insurance and Education.