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Oracle EPM Cloud for Insurance from Oracle Financial Services
Enterprise Performance Management solution for insurers that unifies planning, budgeting, forecasting, narrative reporting, and financial consolidation. Includes prebuilt insurance models, regulatory reporting templates, and advanced analytics with AI capabilities.
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Product analysis by function
Financial Planning and Analysis Tools for Finance and Accounting
Applications that support budgeting, forecasting, and financial modeling to help insurers plan for future performance and resource allocation.
More Financial Planning and Analysis Tools
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Data Integration & Import
(8 Yes /8 Known /10 Possible features)
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Multi-Source Data Import Supports importing data from spreadsheets, accounting software, ERPs, CRMs, and claims systems. |
Oracle EPM integrates with a wide range of enterprise data sources, including spreadsheets, ERPs (such as Oracle Fusion, SAP), CRMs, and insurance claims systems. | |
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Automated Data Refresh Ability to schedule regular and automated updates of datasets from source systems. |
Automated data refresh and scheduled integration are standard features for Oracle EPM Cloud, supporting continuous data updates. | |
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Real-Time Data Sync Supports real-time synchronization with associated data sources for live analysis. |
Real-time data sync is highlighted as part of the platform's integration, enabling live analysis and dashboarding. | |
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Custom ETL (Extract, Transform, Load) Pipelines Allows users to build data transformation and mapping rules between systems. |
Oracle EPM Cloud provides custom ETL and data mapping via Data Integration and Data Management modules. | |
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API Connectivity Can be integrated with external applications using standard or custom APIs. |
API connectivity and integration are supported via Oracle's REST, SOAP, and connector frameworks. | |
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Data Validation & Cleansing Includes tools to check, clean, and standardize imported data to ensure accuracy. |
Data validation and cleansing features are included through the platform's data management tools. | |
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Data Import Speed Maximum speed at which the system can import data from connected sources. |
No information available | |
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Historical Data Import Limit The maximum historical data range that can be ingested for trend analysis. |
No information available | |
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Prebuilt Insurance Integrations Includes out-of-the-box integrations with common insurance platforms (e.g., Guidewire, Duck Creek). |
Offers prebuilt connectors to Guidewire and other insurance platforms, documented as part of industry solutions. | |
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User Access Controls on Data Import Support for role-based access and approval workflows for data importing. |
User and role-based access controls are a standard part of Oracle EPM Cloud's security and workflow design. |
Budgeting & Forecasting
(10 Yes /10 Known /11 Possible features)
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Multi-Scenario Budgeting Enables creation and comparison of multiple budget and forecast scenarios. |
Supports creation and comparison of multiple budgeting and scenario models – a core Oracle EPM feature. | |
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Rolling Forecasts Supports continuous, rolling updates to financial forecasts. |
Rolling forecasts and continuous update cycles are prominent in Oracle EPM's planning and forecasting modules. | |
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Top-Down & Bottom-Up Planning Offers both centralized and departmental planning approaches. |
Enables both top-down (corporate) and bottom-up (departmental, product-line) planning flows. | |
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Driver-Based Planning Utilizes key financial and operational drivers for forecasting processes. |
Driver-based planning via KPIs and operational metrics is core to the Oracle EPM planning solution. | |
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Scenario Planning Speed Time required to generate alternate scenario plans. |
No information available | |
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Collaboration Tools for Budgeting Enables multiple users to participate in budgeting and forecasting simultaneously. |
Multiple users can participate in collaborative budgeting and forecasting; supports simultaneous sessions. | |
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Audit Trail for Changes Tracks and logs all changes made to budgets and forecasts. |
Tracks and logs all changes for audit and compliance in budgeting modules. | |
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Budget Version Control Supports multiple versions of budgets and forecast models with rollback. |
Supports multiple budget and forecast versions with rollback. | |
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Adjustable Time Horizons Allows custom definition of forecasting and budget periods (monthly, quarterly, annual, etc.). |
Time horizon flexibility is standard in all Oracle EPM planning modules. | |
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Integrated Assumption Libraries Facilitates reuse and standardization of planning assumptions (e.g., inflation, claims frequency). |
Provides reusable forecast assumption libraries (e.g., inflation, claims) for insurance planning. | |
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Forecast Accuracy Measurement Tracks accuracy of forecasts compared to actuals over time. |
Compares forecast to actuals to measure accuracy, using built-in analytics. |
Financial Modeling & Analytics
(10 Yes /10 Known /11 Possible features)
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Customizable Financial Models Allows users to create or modify financial models specific to the insurance business. |
Financial model customization is possible within the Oracle EPM Cloud platform, including industry templates. | |
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Embedded Actuarial Calculations Includes built-in actuarial and statistical functions (e.g., loss triangles, reserving models). |
Includes built-in actuarial/statistical functions such as loss triangles and reserving analytics. | |
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What-If Analysis Enables dynamic adjustments to inputs for on-the-fly scenario evaluation. |
Interactive what-if and scenario analysis are supported (core EPM feature). | |
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Predictive Analytics Supports machine learning and statistical modeling for claims trend prediction and pricing. |
Advanced analytics with AI/ML—specifically called out in product notes—supports predictive capabilities. | |
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Monte Carlo Simulation Built-in functionality to run probability-based simulations for risk analysis. |
Monte Carlo and other simulation methods are built-in, targeted for insurance risk analysis. | |
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Sensitivity Analysis Ability to test and visualize the impact of changing key input variables. |
Sensitivity analysis is part of the analytics toolkit for insurance/finance users. | |
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Model Calculation Speed Average time required to run a complex model. |
No information available | |
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Model Library Provides a library of prebuilt models for insurance (e.g., cash flow, solvency, premium projection). |
Prebuilt model libraries for cash flow, solvency, premium projection are available for insurance users. | |
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Versioning of Models Tracks and allows reversion of changes to financial models. |
Supports model versioning and reversion to previous versions. | |
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Documentation Support Allows in-tool documentation and annotation of model logic. |
Allows annotation and documentation directly in models and calculation logic. | |
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Modular Model Components Enables creation and reuse of model building blocks to streamline future modeling. |
Supports modular and reusable financial modeling components. |
Reporting & Visualization
(10 Yes /10 Known /11 Possible features)
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Customizable Dashboards Users can build and personalize dashboards with charts, graphs, and KPI widgets. |
Dashboards are fully customizable with Oracle's dashboard/report designer. | |
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Prebuilt Financial Reports Includes a set of standard insurance financial reporting templates (e.g., statutory, regulatory). |
Comes with a wide range of prebuilt statutory and regulatory reports for insurance. | |
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Ad Hoc Reporting Users can quickly generate custom reports without IT assistance. |
Ad hoc reporting is a standard feature—users can self-serve via drag-and-drop reporting tools. | |
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Scheduled Reporting Reports can be scheduled for automatic generation and distribution. |
Supports scheduled/automated report generation and distribution. | |
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Self-Service Analytics Enables business users to build and analyze reports independently. |
Offers self-service analytics for business users in cloud environment. | |
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Data Export Formats Supported number of export formats (e.g., PDF, Excel, CSV, XML). |
No information available | |
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Interactive Visualization Tools Includes tools for interactive data exploration (e.g., drilldowns, filters). |
Oracle dashboards include interactive drilldowns, filters, and visualization tools. | |
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Mobile-Ready Reporting Dashboards and reports are accessible and optimized for mobile devices. |
Oracle EPM dashboards are mobile optimized for iOS and Android. | |
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Narrative Commentary Users can add textual commentary or explanations to reports. |
Narrative reporting is a flagship Oracle EPM feature, allowing inline commentary. | |
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Role-Based Report Access Controls who can view, edit, or share reports based on user roles. |
Role-based report access and sharing controls are standard. | |
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Real-Time Dashboards Visualizations refresh dynamically with live data feeds. |
Supports real-time dashboards and analytics via live integration. |
Collaboration & Workflow
(9 Yes /9 Known /10 Possible features)
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In-Platform Messaging Facilitates direct communication among users within the application. |
Includes in-platform messaging and task notification for collaboration. | |
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Task Assignment & Tracking Enables tracking and delegation of tasks involved in planning and analysis cycles. |
Task assignment and workflow tracking are core elements of the product. | |
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Approval Workflows Configurable multi-step approval processes for budgets and forecasts. |
Multi-step approval and workflow configuration is available natively. | |
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Change Notifications Automated alerts and updates for key events or submissions. |
Automated notifications are supported for key events, deadlines, and submissions. | |
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Concurrent Editing Multiple users can edit budgeting or forecasting documents at the same time. |
Allows concurrent multi-user collaboration, including simultaneous document editing. | |
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Commenting & Annotations Users can comment on specific cells, reports, or model assumptions. |
User commenting and annotation tools are part of scenario modeling and reporting interfaces. | |
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Collaboration Audit Log Tracks all user actions and collaboration events. |
All collaboration actions are logged in audit trails. | |
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Workflow Template Library A set of prebuilt workflow templates for insurance FP&A processes. |
Provides a library of workflow and process templates tailored for insurance FP&A. | |
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User Activity Dashboard Provides a summary of current user assignments, approvals, and tasks. |
User activity dashboards and real-time task tracking are included. | |
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Time to Approve Workflow Step Average time it takes for approval workflows to be completed. |
No information available |
Security & Compliance
(10 Yes /10 Known /11 Possible features)
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Data Encryption All data is encrypted both at rest and in transit. |
Oracle encrypts data at rest and in transit for all EPM Cloud services. | |
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Role-Based Access Control Access permissions can be tailored to individual roles within the organization. |
Role-based access controls for data, models, and reports are built in. | |
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Audit Trails Complete logging of user actions and data modifications for compliance. |
Extensive logging and audit trails are core, supporting compliance needs. | |
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Regulatory Reporting Templates Includes built-in templates for insurance compliance and regulatory filings (e.g., IFRS 17, Solvency II). |
Regulatory insurance templates like IFRS 17 and Solvency II are prebuilt in solution. | |
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GDPR/CCPA Support Features to facilitate compliance with data protection regulations. |
Facilitates compliance with GDPR and CCPA; supported by Oracle Cloud privacy controls. | |
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Single Sign-On (SSO) and MFA Supports enterprise authentication protocols and multi-factor authentication. |
Supports SSO and MFA via Oracle Identity Cloud Service. | |
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Data Retention Policies Configurable data archival and retention management. |
Data retention and archival management policies configurable per regulatory needs. | |
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Penetration Testing Frequency How often the system undergoes security penetration testing. |
No information available | |
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User Session Timeout Controls Customizable inactivity timeouts for user sessions. |
Configurable session timeout/inactivity policies are included. | |
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Incident Response Procedures Documented procedures for managing security breaches. |
Documented incident response and breach management are part of Oracle Cloud's compliance. | |
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Data Residency Options Ability to select data storage in specific geographic regions. |
Oracle Cloud allows data residency selection in different regions for compliance. |
Insurance-Specific Functionality
(10 Yes /10 Known /10 Possible features)
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Claims Forecasting Tools for projecting future insurance claims based on trends and actuarial data. |
Claims forecasting is explicitly covered through prebuilt insurance modules. | |
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Policyholder Profitability Analysis Ability to analyze profitability by policy segment or product line. |
Supports profitability analysis broken down by policyholder, segment, and product. | |
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Loss Ratio Analytics Automatic calculation and trend analysis for key insurance ratios (e.g., loss, expense, combined). |
Automatic calculation of loss, expense, and combined ratios is included. | |
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Premium Revenue Modeling Supports forecasting and backtesting premium revenue scenarios. |
Premium forecasting and backtesting scenarios are built in. | |
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Reserve Adequacy Testing Built-in analytics for claims reserving and adequacy verification. |
Reserve adequacy testing analytics are standard for insurance clients. | |
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Reinsurance Planning Tools Assists with modeling the impact of reinsurance structures. |
Reinsurance modeling/impact planning covered in insurance templates. | |
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Compliance with Insurance Accounting Standards Includes logic for accounting under statutory frameworks. |
Accounting logic for insurance standards (e.g. statutory, IFRS 17) included. | |
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Underwriting Channel Analysis Provides analysis tools for profitability by channel or intermediary. |
Provides profitability analysis by channel, broker, and intermediary. | |
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Policy Lifecycle Modeling Models full policy life from quote to claim, renewal, or lapse. |
End-to-end modeling of policy quote, claims, renewal, lapse—all covered in policy lifecycle analytics. | |
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Integration with Actuarial Tools Can be connected to external actuarial systems (e.g., Moody's Analytics, Milliman). |
Can integrate with leading actuarial systems via API and data imports. |
Usability & User Experience
(9 Yes /9 Known /10 Possible features)
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Intuitive User Interface Designed for easy navigation, with consistent layouts and terminology. |
User interface is consistently rated as intuitive; supports business user workflows. | |
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Customizable Workspaces Users can personalize dashboards and layouts. |
Supports user-customized dashboards and workspace layouts. | |
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User Onboarding Tutorials Guided onboarding and contextual training within the product. |
Offers guided onboarding and contextual help for new users. | |
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Multi-Language Support Available in multiple languages for diverse teams. |
Oracle EPM is available in 20+ languages; supports multilingual deployments for global teams. | |
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Accessibility Compliance Complies with common accessibility standards (e.g., WCAG 2.1). |
Oracle Cloud products target WCAG 2.1 accessibility and Section 508 compliance. | |
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In-Tool Help & Documentation Comprehensive, searchable help resources available within the application. |
Searchable in-tool help and extensive documentation are standard. | |
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Average User Task Speed Mean time required to complete common tasks (e.g., running a forecast). |
No information available | |
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Error Message Clarity Clear, actionable feedback when issues occur. |
Error messages and troubleshooting guidance are designed to be actionable. | |
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Bulk Data Update Tools Efficient interfaces for updating large datasets. |
Offers bulk data update tools for managing and loading large datasets. | |
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Keyboard Shortcuts Keyboard-based navigation and command options. |
Keyboard shortcuts supported for efficient navigation in cloud workspace. |
Deployment & Scalability
(7 Yes /7 Known /10 Possible features)
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Cloud-Based Deployment Offered as a fully managed SaaS solution. |
Oracle EPM Cloud is a SaaS platform (cloud-based by default). | |
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On-Premises Option Ability to deploy the product on local infrastructure if required. |
Oracle offers private cloud and hybrid deployment options for clients. | |
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Multi-Tenancy Can securely host multiple business units or legal entities within a single platform. |
Supports multi-tenancy for large insurance groups and conglomerates. | |
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Concurrent User Capacity Maximum number of users supported simultaneously. |
No information available | |
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Geographic Data Centers Number of global data center locations for redundancy and compliance. |
No information available | |
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High Availability Uptime Service level guarantee for platform uptime. |
No information available | |
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Disaster Recovery Features Tools for automatic failover and data recovery. |
Disaster recovery and failover features are part of the standard Oracle Cloud services. | |
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Elastic Compute Scaling Automatically increases resources as workloads grow. |
Elastic scaling of compute resources is fundamental to Oracle's SaaS delivery model. | |
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Integration with Identity Providers Supports integration with enterprise SSO and directory services (e.g., Active Directory, Okta). |
Integrates with enterprise identity providers (Active Directory, Okta, etc.) via SSO. | |
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Mobile & Tablet Compatibility Works fully on mobile and tablet devices for remote or field staff. |
Mobile and tablet support for end users is standard in Oracle EPM Cloud. |
Integration & Extensibility
(9 Yes /9 Known /10 Possible features)
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Open API Availability Comprehensive, documented APIs for extending or integrating the platform. |
Open, well-documented APIs are available for integration and extension. | |
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Prebuilt ERP Connectors Includes ready-to-use connections to leading ERP suites (SAP, Oracle, etc.). |
Prebuilt connectors for SAP, Oracle, and other ERPs are standard. | |
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Plug-In Framework Supports custom plug-ins for bespoke functionality. |
Supports custom plug-ins and extensions via Oracle Cloud Marketplace. | |
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Integration Monitoring Dashboard Monitors and reports on the status of all integrations. |
Integration dashboards allow monitoring of external and internal data connections. | |
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Custom Scripting/Logic Support Allows users to write custom scripts for data transformation or business logic. |
Custom scripting for ETL and data logic is supported via calculation manager and scripting modules. | |
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Webhook Support Can trigger and respond to webhooks for event-based integration. |
Webhook event-driven integration is supported as part of Oracle integration tools. | |
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Marketplace for Add-Ons Access to a library of certified extensions or partner apps. |
Oracle Cloud Marketplace offers add-ons and partner extensions. | |
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Integration Throughput Maximum supported transactions between systems per minute. |
No information available | |
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Legacy System Support Can connect and synchronize with older on-premises or mainframe systems. |
Legacy system integration supported via data connectors and APIs. | |
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Custom Notification Channels Allows integration with external messaging or notification platforms (e.g., Slack, Teams, email). |
Oracle EPM integrates with external notification channels (e.g., Slack, Teams, email). |
Support & Vendor Services
(9 Yes /9 Known /10 Possible features)
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24/7 Support Availability Round-the-clock technical and user support access. |
24/7 global support for Oracle Cloud customers is standard. | |
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Dedicated Account Manager A designated representative for customer queries and escalations. |
Oracle EPM Cloud clients have access to a dedicated account manager. | |
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Implementation Services Professional services for onboarding, configuration, and deployment. |
Professional implementation and onboarding services offered by Oracle and partners. | |
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Training Resources Comprehensive training materials and programs for end users and admin staff. |
Comprehensive user/admin training resources are available. | |
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Community Forums Access to online user communities for peer support. |
User forums and community resources are available (Oracle Community). | |
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Service Level Agreements (SLAs) Guaranteed response and resolution times for support issues. |
Service Level Agreements (SLAs) for uptime, support and issue resolution are included in Oracle Cloud contracts. | |
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Supported Languages Number of available support languages. |
No information available | |
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User Conference & Webinars Periodic conferences and webinars for product updates and best practices. |
Oracle hosts regular user conferences and webinars for EPM Cloud clients. | |
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Feedback & Enhancement Channels Structured method for users to submit product feedback or feature requests. |
Structured feedback channels and roadmaps for enhancement requests are part of standard support. | |
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Vendor-Managed Upgrades Regular updates and upgrades are managed by the vendor. |
Oracle manages all EPM Cloud upgrades and patches automatically. |
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