Length: 12 Pages
Highlights: Oracle says they surveyed hundreds of customers and non-customers. There is no firm information about how many responded, how many responded to a question, etc. Read the results as informative, but not necessarily solid research.
While this report talks about the Office of Finance, there is no reason to believe a movement to the cloud is not happening in many other operations (The Office of Finance may just be the last to embrace cloud applications).
This is the fifth annual Enterprise Performance Management Trends Report from Oracle. A major finding: 62% of the respondents have moved or will move their MP processes to the cloud in the next year. There are nine insightful sections.
- EPM in the Cloud is the New Status Quo 79% of the those surveyed say they have a plan for EPM to move to the cloud in the next two years.
- Just Say No to Upgrades The authors give you five reasons for moving EPM to the cloud.
- Come to Save Money but Stay for Business Agility. Five benefits listed
- Using Best Practices Yet? Look to the Cloud. They list five leading practices. The author quotes a customer that says getting a P&L at the press of a button is now possible because they moved from Excel.
- The Next Big Thing. Five big predictions for the future.
- Not just about the numbers. Key words are sprinkled here: Explains quality and sustainability for corporate performances; expanding qualitative commentary; timely and accurate reporting, visibility and transparency.
- No More Black Boxes. This discusses competing costing levels in companies that lead to difficulties in larger companies.
- The Only Thing That’s Constant is Change. Oracle makes a good case that the speed of change in business practices, products, mergers and acquisitions all point to the need to eliminate manual systems and move to a single platform for EPM.
- The Power to Transform. This is a serious section that discusses the pressures of AI, Machine Learning, Blockchain, Robotic Process Automation, etc.
Why it’s Important
“Sales and Marketing professional must understand the EPM Cloud shift as it will affect everything they touch in the very short term.”
In a single document Oracle makes the irrefutable case that cloud computing for EPM is not only here to stay but growing at a lightening pace. I am sure last year’s report was similar, but this EPM Cloud Computing appears to have reached a tipping point in 2018.
- C-Level Folks
- Marketing Operations
- Content Management and Creation
- Product Management
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