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Oracle EPM Cloud

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Working with CAAS has been absolute pleasure. The team at CAAS Led by Shrikant Came across as proactive and professional.
They really understood our needs as a client. Program Manager is extremely responsive and ensures that he always follows
up on issues…The services provided by CAAS have been timely and the quality has been high

Softtech360

Our CAAS is highly professional and an excellent resource. Our company sees many source representatives from many prime contractors.
CAAS’s rep is BY FAR the highest quality consultant we have ever known. You are VERY fortunate to have them in your staff

OliveTouch

I always have the best experience with Cloud Annotation. Thank you for getting back to us in a timely manner and helping us with the
littlest or biggest of problems when it comes to our ERP Application.
Thank you for making sure our technical needs are always taken care of

Kayeed Code Sophy

I would like to give special recognition (or shout out) to CAAS team for all the planning, guidance, and hard work during the Data migration of our on Premise to cloud System. I was very nervous about moving to the cloud, not to mention all the headaches it would create for our corporate office and eight remote offices during the migration.
But to my surprise, migrating 40 plus conversion /integration and migration was completed within given timeline with minimal issues that were quickly resolved and my employees could resume their normal business day.

Thank you Dr Nitin & Shrikant and all the CAAS team members who helped us move efficiently to ON Premise and cloud Application

Chetan Patil
CEO, NOBLETREE

Oracle Cloud EPM (Enterprise Performance Management) Services provide a suite of cloud-based applications aimed at helping organizations manage their business performance effectively. These services encompass various functions such as financial planning and analysis, budgeting, forecasting, consolidation, reporting, and profitability analysis.

Here are some key components and features typically included in Oracle Cloud EPM Services:

  • Financial Close and Consolidation
  • Planning and Budgeting
  • Profitability and Cost Management
  • Account Reconciliation
  • Enterprise Data Management
  • Narrative Reporting
  • Disclosure Management
  • Scenario Modeling and Predictive Planning

Financial Close And Consolidation: This process involves finalizing a company’s financial statements at the end of a reporting period, typically quarterly or annually. Additionally, it includes tasks such as reconciling accounts, adjusting journal entries, and consolidating financial data from different subsidiaries or business units into a single set of financial statements.

Planning And Budgeting: Planning and budgeting refer to the process of setting financial goals and creating a detailed plan to achieve them. Moreover, this involves forecasting revenues and expenses, allocating resources, and establishing targets for various departments or projects within an organization.

Profitability And Cost Management: Profitability and cost management focus on analyzing the profitability of products, services, customers, or business segments, as well as managing costs to maximize overall profitability. Furthermore, this involves identifying cost drivers, implementing cost reduction strategies, and optimizing pricing strategies to improve margins.

Account Reconciliation: Account reconciliation is the process of comparing two sets of records to ensure that they are in agreement and accurate. Typically, this involves matching transactions between a company’s internal records (such as general ledger accounts) and external records (such as bank statements or vendor invoices) to identify and resolve discrepancies.

Enterprise Data Management: Enterprise data management involves the organization, storage, and maintenance of an organization’s data assets to ensure accuracy, consistency, and security. This includes data governance, data quality management, data integration, and data security practices to support decision-making and business operations.

Narrative Reporting: Narrative reporting involves the communication of a company’s financial and non-financial performance through written or visual narratives, in addition to traditional financial statements. Moreover, this may include management commentary, analysis of key performance indicators, and explanations of strategic initiatives or risks to provide stakeholders with a comprehensive understanding of the company’s performance.

Disclosure Management: Disclosure management refers to the process of preparing and filing regulatory disclosures and financial reports in compliance with relevant accounting standards and regulatory requirements. This encompasses collecting, validating, and aggregating financial data, as well as formatting and publishing reports for submission to regulatory agencies or shareholders.

Scenario Modeling And Predictive Planning: Scenario modeling and predictive planning involve using historical data, statistical analysis, and forecasting techniques to model different scenarios and predict future outcomes. This helps organizations assess the potential impact of various business decisions, changes in market conditions, or external factors on their financial performance, and adjust their plans accordingly.

Profitability and Cost Management:

Profitability and cost management focus on analyzing the profitability of products, services, customers, or business segments, as well as managing costs to maximize overall profitability. This involves identifying cost drivers, implementing cost reduction strategies, and optimizing pricing strategies to improve margins.

Account Reconciliation:

Account reconciliation is the process of comparing two sets of records to ensure that they are in agreement and accurate. This typically involves matching transactions between a company’s internal records (such as general ledger accounts) and external records (such as bank statements or vendor invoices) to identify and resolve discrepancies.

Enterprise Data Management:

Enterprise data management involves the organization, storage, and maintenance of an organization’s data assets to ensure accuracy, consistency, and security. This includes data governance, data quality management, data integration, and data security practices to support decision-making and business operations.

Narrative Reporting:

Narrative reporting involves the communication of a company’s financial and non-financial performance through written or visual narratives, in addition to traditional financial statements. This may include management commentary, analysis of key performance indicators, and explanations of strategic initiatives or risks to provide stakeholders with a comprehensive understanding of the company’s performance.

Disclosure Management:

Disclosure management refers to the process of preparing and filing regulatory disclosures and financial reports in compliance with relevant accounting standards and regulatory requirements. This includes collecting, validating, and aggregating financial data, as well as formatting and publishing reports for submission to regulatory agencies or shareholders.

Scenario Modeling and Predictive Planning:

Scenario modeling and predictive planning involve using historical data, statistical analysis, and forecasting techniques to model different scenarios and predict future outcomes. This helps organizations assess the potential impact of various business decisions, changes in market conditions, or external factors on their financial performance, and adjust their plans accordingly.