Overview

Class Central Tips

Have you ever wondered how financial analysts streamline complex data management tasks with ease? This short course empowers intermediate-level technical users to achieve proficiency in using Oracle EPM for effective financial data management and analysis. Oracle EPM is the full suite of tools that includes what used to be known as Oracle Hyperion. This is a comprehensive suite of tools to address your financial planning and forecasting needs. By completing this course, you'll be able to confidently set up and configure Oracle EPM, manage and analyze financial data, and troubleshoot common issues, applying these skills immediately to enhance your daily tasks at work. LO1: Apply Oracle EPM forecasting and financial planning features in real-world business scenarios. LO2: Relate Oracle EPM features to your organization's specific forecasting and financial needs to improve your financial management processes. In this course, you will explore the Oracle EPM Suite to enhance your financial planning and management skills. You will discover key Oracle EPM products such as Planning, Enterprise Data Management, Narrative Reporting, Freeform, and Essbase, as well as additional solutions like Profitability & Cost Management, FCCS, AR, and TR. Learn how these tools support annual budgeting, monthly forecasting, and year-end processes. This course is unique because it offers a hands-on, technical approach to applying Oracle EPM, focusing on real-world applications and practical skills that can be directly applied in a professional setting. Prerequisites: A non-technical course for financial analysts, accountants, and IT pros new to Oracle EPM, focusing on financial data management. System access is not required.

Syllabus

Improving Financial Planning with Oracle EPM

This course will equip you with the expertise to leverage Oracle EPM powerful features for optimal financial reporting and analysis.

Lesson 1: Introduction to Oracle EPM: Core Features and Functionalities

This lesson provides a comprehensive introduction to Oracle EPM, focusing on its core features and functionalities. You will learn about the essential components of Oracle EPM, including databases, security, audit trails, workflow, task management, automated data loads, and master data management, understanding how each contributes to effective financial planning and forecasting. You will explore how these features streamline financial processes, enhance efficiency, and support strategic decision-making. By the end of the lesson, you will have a foundational understanding of Oracle EPM, equipping you with the knowledge to identify and leverage its features for improved financial planning and forecasting in your organization.

Lesson 2: Streamlining Annual Budgeting, Monthly Forecasting, and Year-End Processes

In this lesson, you will explore how Oracle EPM can transform your financial planning and analysis processes, making annual budgeting and monthly forecasting tasks efficient and manageable. You will delve into the key steps of initiating the annual budget process in Oracle Oracle EPM, including metadata management, seeding the budget, and scenario planning. Additionally, you will understand the monthly forecasting process and month-end close, covering data loading, security, and other administrative functions. Through step-by-step tutorials and real-world examples, you will gain practical knowledge to enhance your financial workflows, leading to greater efficiency and accuracy in your role.