Oracle in Gartner’s leaders quadrant for corporate performance management

Gartner defines the CPM suites market as: ‘the processes used to manage corporate performance, such as strategy formulation, budgeting and forecasting; the methodologies that drive some processes, including the balanced scorecard, or value-based management; and the metrics used to measure performance against strategic and operational performance goals.’ “Information can only drive insight and action if it is timely, accurate and in the right hands at the right time,” says Rich Clayton, vice president, business intelligence and performance management marketing at Oracle. “With Oracle Enterprise Performance Management System, we are breaking down information silos within organisations – enabling CFOs, line-of-business managers and IT executives to confidently utilise their data assets to drive better visibility, planning and alignment across the enterprise. We believe Oracle’s position in the leaders quadrant … further validates our vision and strategy in this sector.” He also says that Oracle is now planning a number of enhancements for its upcoming release of its EPM (enterprise performance management) system, including XBRL capabilities, improved drill back functionality, a new profitability and cost management application, and the release of Oracle’s Essbase Studio and EPM Smart Space.