Enterprise Performance Management

Enterprise Performance Management (EPM) is a management discipline in strong combination with underlying technologies and processes associated with making the “right” data available to measure and report against a company’s set of goals.  If implemented correctly, an organization should have real-time, detailed knowledge to know whether it is meeting its strategic goals and why.

Most companies today are constantly looking in the rear view mirror to evaluate company performance.  Following an effective EPM strategy can not only make historical information more visible, relevant and timely in a company’s ability to measure and report, but it can actually be used to anticipate the business in order to help drive it forward.  With all the concern over increased market volatility, risk, complexity and globalization, can your company afford not to be following an effective EPM strategy?

As an Oracle Platinum Partner, Lucidity is proud to offer Oracle’s EPM solutions.  Oracle is a clear leader in EPM.  In recent years, Oracle was recognized by Gartner for the following achievements:

• In 2010 as having the largest market share for Corporate Performance Management (CPM)
• In 2011 as a top CPM solution in the Leader Quadrant in the CPM Suite Magic Quadrant
• In 2011 as a top BI solution in the Leader Quadrant in the BI Platform Magic Quadrant

Oracle’s Enterprise Performance Management Solutions

Lucidity offers consulting services for the following Oracle EPM (Hyperion and BI) solutions:

Hyperion Financial Management

Oracle Hyperion Financial Management is a comprehensive, web-based application that delivers global financial consolidation, reporting and analysis in a single, highly scalable software solution. Oracle Hyperion Financial Management utilizes today’s most advanced technology, yet it is built to be owned and maintained by the enterprise’s finance team. With Oracle’s Hyperion Financial Management, you will be able to:

• Accelerate reporting cycles – Reduce closing cycles by days, deliver more timely results to internal and external stakeholders
• Improve transparency and compliance – Helps reduce the cost of compliance (as stipulated by the Sarbanes-Oxley Act, electronic filing, and other regulatory requirements) and support disclosure requirements, such as sustainability reporting
• Perform strategic analysis – Spend less time on processing and more time on value-added analysis
• Deliver a single truth – Provide a single version of the truth to support financial management and statutory reporting
• Easily integrate – Integrate not only with Hyperion products but also with your existing infrastructure

Hyperion Planning

Oracle Hyperion Planning is a centralized, Excel and Web-based planning, budgeting and forecasting solution that integrates financial and operational planning processes and improves business predictability. Oracle Hyperion Planning provides an in-depth look at business operations and its related impact on financials, by tightly integrating financial and operational planning models. With Oracle Hyperion Planning you can meet your immediate financial planning needs while enabling a platform for future cross-functional expansion and automated process integration. Oracle Hyperion Planning provides organizations with the ability to:

• Validate forecasts with integrated, best-in-class analytics
• Improve budget cycles by weeks or months
• Combine financial and operational planning in one system
• Meet immediate finance needs while enabling operations-specific budgeting processes
• Support advanced, power user modeling capabilities with nearly seamless Microsoft Excel integration
• Appeal to a wider user community through a simplified Web interface
• Add quick-to-implement, packaged functional planning modules

Hyperion Performance Scorecard

Oracle Hyperion Performance Scorecard is a balanced scorecard collaborative certified application that helps companies clearly articulate strategy and goals, communicate them across the enterprise, monitor key performance indicators, and improve business alignment. The software offers you complete strategy-and accountability-mapping capabilities, as well as Web-based message boards, forums and discussion threads. Oracle Hyperion Performance Scorecard provides organizations with the ability to:

• Share operational performance management strategies throughout the business
• Align the enterprise with corporate strategy, plans and objectives
• Improve operational efficiency through a continuous business performance management cycle
• Promote collaboration and accountability for results
• Build future economic value for key stakeholders

Oracle Business Intelligence

Many organizations today are faced with having to make more effective business decisions quickly, across all areas of their business. Companies today use a plethora of different data sources to collect information, analyze it and share it with users. However, many of these tools are not intuitive, they are poorly integrated, are expensive to maintain and still do not have the relevant information they need to allow decisions to be made quickly and effectively. Oracle Business Intelligence is the key to gathering information from data warehouses, operational systems, relational databases, and multidimensional data stores, and delivering it to all areas of the business via dashboards, analytics, ad hoc queries, interactive and pixel perfect reports.

Lucidity’s OBIEE (Oracle Business Intelligence Enterprise Edition) practice specializes in providing industry best practices, program leadership, and OBIEE expertise to help companies maximize the value of BI solutions.