FAQs on Oracle EPM
FAQs
Frequently Asked Questions
Working with performday directly will provide you:
Holistic Support and Expertise: Performday offers end-to-end support, from implementation to ongoing management. Our team understands the intricacies of Oracle EPM and tailors solutions to your unique needs.
Industry-Specific Solutions: Performday specializes in various industries, ensuring that Oracle EPM aligns with your specific business requirements. Whether you’re in healthcare, retail, or finance, we’ve got you covered.
Agility and Flexibility: As your business evolves, Performday adapts Oracle EPM to meet changing demands. Our agile approach ensures seamless transitions and continuous improvement.
Cost-Effective Implementation: Working with Performday streamlines the process, reduces manual tasks, and optimizes your investment. We focus on efficiency and value.
Personalized Attention: Performday prioritizes your success. We provide dedicated support, training, and strategic guidance, making your Oracle EPM journey smooth and effective..
The cost of Oracle Enterprise Performance Management (EPM) can vary based on factors such as the specific modules you choose, the size of your organization, and any additional services or customizations required. Here are some ways to address the question of cost:
Direct Pricing Information:
- Oracle provides pricing details for its EPM solutions. You can refer to the official Oracle website or contact an Oracle sales representative to get accurate and up-to-date pricing information.
Editions and Licensing:
- Oracle EPM offers different editions, each with varying features and capabilities. These editions may have different price points. Consider whether you need basic functionality or more advanced features when evaluating costs.
User-Based Licensing:
- Oracle EPM licensing often depends on the number of users or seats. Determine how many users will be accessing the system, as this directly impacts the overall cost.
Cloud vs. On-Premises:
- Oracle EPM is available both as a cloud-based service and for on-premises deployment. Cloud-based solutions typically involve subscription-based pricing, while on-premises solutions may have different licensing models.
Additional Costs:
- Beyond the base license cost, consider any additional costs such as implementation, training, support, and maintenance. These can significantly impact the total cost of ownership.
Consult with Oracle Experts:
- To provide an accurate answer, it’s best to consult with Oracle experts or authorized partners. They can assess your specific requirements and provide tailored pricing details based on your organization’s needs.
- Manufacturing
- Retail
- Healthcare
- Financial Services
- Construction
- Education
- Hospitality
- Agriculture
- Transportation
- Energy
- Real Estate
- Nonprofit
- Government
- Automotive
- Pharmaceuticals
- Telecommunications
- Higher Education
- Professional Services
FAQs
About Performday & Oracle EPM
Oracle Enterprise Performance Management (EPM) is a software suite that helps businesses plan, budget, forecast, report, and analyze their performance. It streamlines financial processes like closing the books and consolidates data from various departments. This provides a unified view of the organization, enabling better decision-making and improved agility.
Performday likely supports the entire Oracle EPM Cloud suite, which includes applications for:
- Planning, Budgeting, and Forecasting: Creates financial models and scenarios for informed decision-making.
- Financial Close and Consolidation: Automates tasks and streamlines the financial closing process.
- Enterprise Data Management: Manages and centralizes financial and operational data for improved accuracy and reporting.
- Profitability and Cost Management: Analyzes profitability by product, customer, or business unit.
- Worforce Planning: Manages workforce data for strategic workforce planning and talent management.
Most industries can benefit from Oracle EPM, but some that see particular advantages include:
- Manufacturing: Streamlines production planning, cost management, and financial reporting.
- Healthcare: Improves budgeting for resources, analyzes patient data, and forecasts future needs.
- Retail: Optimizes inventory management, analyzes sales performance, and forecasts demand.
- Financial Services: Manages risk, analyzes profitability, and ensures regulatory compliance.
Performday likely offers a range of services to help with Oracle EPM implementation, including:
- Needs assessment: Identify your business requirements and goals for using Oracle EPM.
- System configuration: Tailor the software to your specific needs and workflows.
- Data migration: Move your existing financial and operational data to the EPM system.
- Integration: Integrate EPM with your existing ERP, CRM, and other business systems.
- Testing and deployment: Ensure the system functions correctly and train your staff.
Yes, Performday can likely customize Oracle EPM through configuration and potentially by leveraging Oracle’s EPM Cloud Extensions. This allows you to tailor the system to your specific workflows, reporting requirements, and data analysis needs.
Performday may provide ongoing support services such as:
- Troubleshooting technical issues
- Answering user questions
- Applying software updates
- Monitoring system performance
- Providing ongoing training and guidance
- Troubleshooting technical issues
- Answering user questions
- Applying software updates
- Monitoring system performance
- Providing ongoing training and guidance
- Oracle EPM offers pre-built connectors for popular systems like Oracle Cloud ERP (formerly NetSuite) and SAP. Performday can also help configure custom integrations with other business systems.
The timeframe depends on complexity. Performday can provide an estimate based on your needs.
Performday should offer training programs to help your team learn how to use Oracle EPM effectively. This may include:
- End-user training for general use.
- Training for specific EPM modules.
- Administrator training for managing the system.
Performday may offer ongoing consulting services to help you get the most out of Oracle EPM. This could include:
- Identifying opportunities to improve processes and reporting.
- Automating tasks and workflows.
- Developing custom dashboards and reports.
- Analyzing data and identifying trends.
Yes, Oracle EPM is scalable. Performday can help you choose the right EPM edition and cloud infrastructure to accommodate your current needs and future growth. They can also assist with scaling the system up or down as required.
Oracle licensing can be complex and has multiple factors to consider. Here’s a simplified overview:
- Per User Model: This is the most common model for Oracle EPM Cloud. You are charged a subscription fee per user who accesses the software.
- Named User Licenses (NULs): Each user requires a specific NUL type based on their functionality needs within EPM (e.g., basic user, advanced user, etc.).
- User Types and Permissions: The specific permissions assigned to each user determine the NUL type needed.
- Deployment Model: On-premise or cloud deployment can affect licensing costs.
Yes, Performday likely offers assistance with Oracle EPM licensing. Here’s how they can potentially help:
- Understanding Licensing Needs: Performday can analyze your EPM usage plans and recommend the appropriate NUL types and number of licenses.
- License Procurement: They may streamline the process of acquiring licenses from Oracle.
- Negotiation (Potential): While not guaranteed, some service providers may have experience negotiating with Oracle for potentially better pricing on your EPM licenses.
This depends on Performday’s specific offerings. It could be:
- Deep industry expertise relevant to your business.
- Proven track record of successful EPM implementations.
- Strong customer service and support.
- Competitive pricing and flexible engagement models.
Absolutely, we have a dedicated team that specializes in smooth transitions from Hyperion to Oracle EPM Cloud, ensuring functionality retention and enhanced features.
Yes, PerformDay can customize Oracle EPM solutions to meet specific business requirements. This includes tailoring the appearance, functionality, and reporting capabilities to align with the organization’s unique processes
PerformDay offers a variety of training and certification programs, tutorials, and resources to empower users to effectively implement, administer, and utilize Oracle EPM solutions
Technical Questions
FAQs
Users’ passwords can be reset by an administrator through the Oracle EPM Cloud Service. The process typically involves navigating to the user management section and selecting the user account that requires a password reset.
Oracle EPM Cloud provides various disaster recovery options to ensure business continuity. These include data backups, replication to a secondary site, and the ability to restore environments to a specific point in time.
Performing a Production-to-Test Data Migration involves creating a snapshot of the production environment and then importing it into the test environment. This helps in ensuring that the test environment reflects the current production data
The Provide Feedback feature allows users to submit feedback directly from the EPM Cloud interface. This can include screenshots, descriptions of the issue, and other relevant information to assist technical support in troubleshooting
Oracle retains production and test backups for a specified period as per the service agreement. To copy a backup snapshot to your environment, you can use the EPM Automate utility or the Oracle EPM Cloud’s REST APIs
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