How does Oracle EPM Cloud add value to the modern CIO?
Integration with Key Financial and Operational Systems
The Oracle ITFM Cloud solution is designed to integrate with your key IT and business processes.
Whether it is your ERP, your consolidation system, the corporate planning and forecasting tool, or operational IT systems, the Oracle ITFM Cloud leverages your existing investments and complements your IT strategy
Get in touch with us
[contact-form-7 id=”1503″ title=”Articles1″]
Financial Management in the Cloud
built on the Oracle EPM Cloud, the Oracle ITFM solution not only easily translates IT operational metrics into financial reports but also helps the business make better decisions around usage and investment.
Of course, the dashboards and analysis don’t just benefit the business.
The Oracle ITFM solution provides insight into IT spend in the context that helps IT make better decisions.
For example, IT spend can be analyzed by operational considerations such as the nature of the investment (run the business vs.
grow the business vs. transform the business) or technical views of IT spending.
In short, Oracle’s ITFM solution helps IT become a better partner with the business.
Provide Transparency for IT Shared Services
Running an effective IT shared service allocation and chargeback process is crucial in establishing credibility with the business.
The lines of business demand transparency into the chargebacks.
In other words, they want to see how much they are paying for IT service usage.
The IT shared service allocation capability in Oracle’s ITFM solution is based on the Oracle Profitability & Cost Management Cloud (PCMCS).
- Easy-to-maintain allocation engine – The PCMCS allocation engine allows IT financial analysts to take ownership of rule building and data acquisition. this is very important since IT services allocations must be updated as your business evolves (e.g. growth, acquisition/divesture, regulatory changes, competitive landscape, etc.)
- For instance, the bill of IT – The allocation is not enough, and the IT chargeback must be easy to understand and provide transparency into the methodology of chargebacks. Moreover, the reports are viewable by end-users who may be impacted by the results of an allocation, and provide very clear insight into the nature of each allocation stage impacting their line of business.
