How Oracle’s EPM Can Help with Budgeting and Forecasting

In today’s economic climate companies need to understand the importance of budgeting and strategic planning. Forecasting future cash flows and strategic planning are becoming increasingly more essential. This can be an overwhelming environment for some businesses, but also shows the critical value of proactive situation planning for every organization.

Businesses face many difficult challenges, from tightening budgets to the integration of long-term strategies to cutting expenses. But perhaps the most challenging aspect of making strategic decisions is the necessity of predicting possible outcomes based on current actions. Budgeting and forecasting must be accurate to manage and control company resources.

We see a lot of businesses using spreadsheets to keep budgeted activities in one place. However, these spreadsheets are not a good fit when forecasting needs to be done. Spreadsheets can easily become cluttered, difficult to read, and slow down the review process.

Oracle’s Enterprise Performance Management (EPM) Suite of Cloud Applications provides business executives with the tools and process knowledge required to successfully conduct and interpret long-term, budgeting, and strategic planning. Oracle plans and prepares all necessary financial reports, which include balance sheets, income statements, and statement of cash flows along with comprehensive case studies. Long-term planning and decision-making are essential for your organization; therefore, Oracle’s EPM Cloud Applications provides the information and services you need to make strategic and prudent decisions regarding your company’s budgeting, profit generation, expansion, and future financial resources

Connect with Knex today to see how we can help you get the most out of Oracle’s EPM Suite for your business.