inlumi blog

During these unprecedented times, many companies are adapting the way they operate with the emphasis on remote working. In fact, it is highly likely that you will be reading this from your own home office space. Overnight, Covid-19 has forced a new style of working which could even become permanent as companies and employees embrace the flexibility that it offers. Could this be the new normal?

In these unprecedented and turbulent times, long-awaited strategic projects to replace ailing Enterprise Performance Management (EPM) solutions may have been placed on hold for the foreseeable future. Are you confident that your current systems and processes are resilient enough to perform critical business tasks in the short-term? Does your EPM solution exhibit any of the following symptoms?

Organisations need to be continually on the lookout for potential threats arising from a competitive and ever-fluctuating market. By challenging your assumptions and planning for multiple scenarios, you will be better equipped to make informed decisions. What-if analysis in planning can enable you to evaluate potential future outcomes and to create an understanding of how different variables can affect your business goals. These variables can be anything from sales, cost of sales, personnel costs, margin, etc.

With the introduction of the Oracle EPM 11.2 platform, at least one major difference was introduced. The tool to maintain the metadata for your EPM applications, Enterprise Performance Management Architect (EPMA), is no longer part of the toolset. If you were using EPMA or want to improve your metadata maintenance procedures, Oracle now offers Data Relationship Management (DRM). The word “Management” hints to a major advantage that you’ll gain in your current procedures.