Oracle, says that customers using SAP applications continue to select its Enterprise Performance Management System for financial and operational management. The company, which last month launched new applications to streamline the financial close process and accelerate statutory disclosures using XBRL says that approximately 89 percent of SAP customers in the Global Fortune 500 use Oracle EPM or Business Intelligence.
The new applications, “Oracle Hyperion Disclosure Management” and “Oracle Hyperion Financial Close” were announced in April this year. They are designed to extend the capabilities of the Oracle Enterprise Performance Management (EPM) System to address the end-to-end financial close process and the creation of regulatory filings using eXtensible Business Reporting Language (XBRL).
But they can also be deployed directly with ERP General Ledger systems and Oracle has SAP ERP users firmly in its sights with what Oracle describes as pre-built integration between Hyperion applications and SAP systems. In 2009 Oracle introduced a pre-packaged source adapter that integrates SAP (versions R/3 4.6c and ECC 6) General Ledger data into Hyperion Financial Management, Hyperion Planning, Hyperion Strategic Finance applications as well as Essbase for financial reporting, budgeting, and forecasting.
This says the company enables customers to automate the collection, mapping, movement and validation of data from the SAP general ledger system into Hyperion applications and Essbase as well as drill back to view transactional details in SAP from Hyperion applications.
Customers relying on Oracle EPM software in conjunction with SAP include household names such as Anadarko Petroleum Corporation, Hess Corporation, Kesko Corporation, Pearson, PUMA, Stanley Black & Decker, Ursus Breweries, amongst many others. Oracle says that roughly 45 percent of Oracle EPM customers use SAP.
“With thousands of Oracle EPM customers relying on SAP systems, we’ve continued to focus on improving integration between the two," said John O’Rourke, vice president of EPM Product Marketing, Oracle. “Organizations can take heart knowing that investments in SAP operational and transactional systems can be leveraged by Oracle’s Hyperion applications and Essbase to help them streamline their planning, reporting and analysis processes.”
