“We need to reboot the server” is a quote you are probably not going to hear if you’ve moved your EPM solution to the cloud. Choosing the right place to start your road to the cloud can be overwhelming. A large part of that is due to the variety of different pieces of software that can be leveraged in an EPM setup. Whether you are using all the Oracle EPM on-premise solutions, just a select few, or new to the Oracle EPM space, there are significant investments in both software, business process transformations, and end user training. That is why its key to identify all the options available on the cloud and how they can best benefit your organization. In this blog we’ll describe two solutions available in the cloud and on-prem that serve the same purpose and have helped organizations maintain the reliability of the data while testing the cloud.
Master Data Management
Dimensions, hierarchies, and members are the building blocks of an EPM solution. Standardizing these building blocks across multiple systems and being able to easily keep them easily in sync is a key feature of this software. Leveraging a master data management solution will create a strong foundation for your EPM architecture.
· Master Data Management Solutions
o On-Premise - Oracle Data Relationship Management (DRM)
o Cloud Service - Oracle Enterprise Data Management Cloud (EDMCS)
Data reliability will build end user adoption and trust in your system. Data integration software ensure that a variety of sources can be imported, mapped and loaded into other Oracle EPM software. The software creates a transparent process that provides audit trails to verify data integrity through the loading process.
· Data Integration Solutions
o On-Premise - Oracle Financial Data Quality Management Enterprise Edition (FDMEE)
o Cloud Service – Data Management within PBCS / EPBCS / FCCCS
For more information on the road to the cloud please sign up for our up coming webinar using the link below or reach out at email@example.com.