Oracle Enterprise Performance Management Driving Significant Improvements in Budget Management and Reporting for Public Sector Organizations
Public Sector Customers Achieving Superior Planning and Greater Visibility Into Financial Performance With Oracle Hyperion Applications
(firmenpresse) - SAN FRANCISCO, CA -- (Marketwire) -- 10/02/12 -- ORACLE OPENWORLD -- Oracle (NASDAQ: ORCL)
A growing number of public sector organizations worldwide are adopting Oracle (EPM) applications, including , to streamline financial operations, improve internal and external reporting and drive transparency.
Public sector organizations, including state and local governments, higher education institutions and federal agencies, have very unique planning and budgeting requirements, in part due to the large share of the overall budget allocated to strategic employee compensation.
Designed to meet the specialized requirements of these organizations without the complexity of manual spreadsheets and the high cost of custom applications, Oracle Hyperion Public Sector Planning and Budgeting enables public sector organizations to integrate and simplify budget preparation, review and approval, publication, and disclosure processes.
Public sector organizations who have already adopted Oracle's Hyperion planning and budgeting solution for public sector to optimize their financial operations include the State of Minnesota, Aurora Public Schools, City of Vancouver WA, King County, City of Albuquerque, Pinellas County, City of Indianapolis, and Indiana State Budget Agency.
Oracle Enterprise Performance Management, a component of , is a comprehensive and fully integrated suite of applications that supports strategic planning and goal setting, financial and operational planning, the end-to-end financial close and reporting process, and profitability management.
To further support the diverse needs of Public Sector customers, Oracle has recently enhanced Hyperion Public Sector Planning and Budgeting with direct integration to the commitment control functionality in , further simplifying common processes such as funding requests, new proposal and initiative planning and budget adjustments.
Additionally, early adopter customers are realizing the benefits of running Hyperion Public Sector Planning and Budgeting on the .
Optimized for hardware and in-memory processing, this combination delivers the fastest performance for planning, modeling, budget revisions and position and employee-based calculations, while also delivering an outstanding user experience.
"Diverse stakeholders, constrained budgets and a significant investment in human capital require that public sector organizations closely and accurately manage budgets and achieve real-time visibility into financial operations," said Hari Sankar, vice president of Product Management, Oracle. "The recent innovations in Oracle Hyperion Public Sector Planning and Budgeting, coupled with the comprehensive and integrated functionality of Oracle EPM, enable public sector customers to deploy planning and reporting applications quickly and with limited customization -- lowering their total cost of ownership while improving results."
"With the Oracle Hyperion solution, the City of Albuquerque now has an integrated system with current financial information, budget projections and our planned allocation of future financial and human capital resources," said Mayor Richard J. Berry. "This is a huge step forward for our city, and part of my commitment to fiscal responsibility as a Mayor."
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Letty Ledbetter
Oracle
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Joan Levy
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Datum: 02.10.2012 - 15:08 Uhr
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