Oracle Extends Leadership in Enterprise Performance Management Across Major Industries

Oracle continues to expand its leadership in Enterprise Performance Management (EPM) across all major industries.

More than 80 percent of the global Fortune 500 companies use Oracle’s EPM applications and Oracle Essbase as a key enabler of their enterprise-wide planning and budgeting, profitability and cost management, financial close and reporting, as well as strategy management initiatives.

Industry-specific examples of Oracle EPM System (www.oracle.com/epm) Release 11.1.2 capabilities include:

Financial services organizations today are using Oracle’s EPM software to more effectively manage performance and risk in addressing the challenges of continued capital market volatility, new regulatory mandates, and greater demands for transparency.

Ten of the top 10 global companies in Financial Services run Oracle EPM software.

Oracle’s EPM software counts leading organizations such as China Merchant Bank, Commonwealth Bank of Australia, Friesland Bank N.V., IG Index, Invest Northern Ireland, Landesbank Berlin AG, United Bank of India, among others, as customers.

Faced with the challenges of new business models, technology shifts, evolving customer needs, and intense global competition, telecommunications companies are turning to Oracle’s EPM software to assess the risks and benefits associated with alternative strategies and plans and effectively manage their operational and financial performance.

Ten of the top 10 global companies in Telecommunication run Oracle EPM software

Oracle’s EPM software counts leading organizations such as Avea Iletisim Hizmetleri A.Ş, Megafon, MTN Group Limited, Telecom Egypt, Turkcell Iletisim Hizmetleri A.Ş., among others, as customers.

Retailers seeking more accurate and agile planning, budgeting and forecasting to help them improve gross margins and optimize costs leverage Oracle’s EPM software to streamline their enterprise-wide planning processes, and adopt best practices such as the use of rolling forecasts to manage through the challenges of today’s economic environment.

Nine of the top 10 global companies in Retail run Oracle EPM software.

Oracle’s EPM software counts leading organizations such as Diesel, IllyCaffe, Skelpy Komfort S.A., Sportmaster, Virgin Media, among others, as customers.

Oracle’s EPM system enables public sector organizations including healthcare and higher education entities, to manage their unique planning, budgeting and other financial management and reporting processes with speed and accuracy, while meeting their needs for productivity, accountability, and regulatory compliance.

Oracle’s EPM software is used by public sector, healthcare and higher education organizations across the globe.

Oracle’s EPM software counts leading organizations such as Agency for Restructuring and Modernization of Agriculture – Poland, An Post, Conselleria de Sanitat, Erasmus Medical Center, Federal Customs Service – Russia, Federal Tax Service – Russia, Health Protection Group – U.K., Ministry of Agriculture, Nature and Food Quality – The Netherlands, Royal Saudi Air Force, VDAB Belgium, among others, as customers.

“Oracle EPM System Release 11.1.2 will help to accelerate customer momentum and leadership in financial services, retail, telecommunications, public sector and other major industries," said Robert Gersten, senior vice president, Oracle Development. “With purpose-built new applications and new capabilities across the Oracle EPM System directly addressing pain points and specific needs in key industries, we expect this release to deliver rapid and compelling value to our customers.”