Oracle launches new solution to analyze profitability

Oracle has announced a solution for finance executives and organizational managers to understand specifically what drives profitability, continually assess how resources are being consumed, and take action.

Oracle Profitability and Cost Management Cloud (PCMCS) enables business users to understand the root causes behind costs and revenues. Users can quickly and easily determine the profitability of customers, products, geographies, and sales channels, and take action to improve profitability and lower costs.

“In today’s high-paced and increasingly competitive global business climate, it is essential that your organization focusses resources and cash on the right priorities. PCMCS enables organizations to easily identify their profit winners and address inefficiencies, ultimately improving business agility and profitable revenue growth, while minimizing costs,” said Hari

Sankar, Group Vice-President of Enterprise Performance Management, Oracle.

Built for the cloud, Oracle PCMCS delivers new capabilities and innovation in the cloud, while also leveraging best practices from Oracle’s on-premises offering, Hyperion Profitability and Cost Management.  The solution allows organizations to keep their general ledgers “thin”, fast, and efficient by performing detailed calculations outside the general ledger. Business users can identify profit potential and areas of cost savings with simple one-click reports and dashboards, without reliance on IT. The cloud solution delivers pre-built reports including profit curves, scatter plots, and traceability, and includes features for detailed financial modelling and ad hoc reporting. Oracle PCMCS handles large data sets, and easily integrates with multiple Enterprise Resource Planning (ERP) systems, as well as with Oracle Enterprise Performance Management (EPM) Cloud and on-premises offerings.

Oracle PCMCS is available now for existing and new customers. Businesses can choose flexible deployment options to best fit their needs.