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Reinforce performance reporting with a process-driven approach - ePRCS

In the digital age, the quality of a report depends on the understanding of business areas you are working in and how far you would go with this knowledge. Accurate and intuitive reporting is essential for multiple audiences -- internal stakeholders looking for area of growth or concern, external stakeholders deciding to invest in your business, or regulatory bodies monitoring any data discrepancies.

 

Reporting challenges and requirements

 

Before an organization can decide and design a reporting solution for management and statutory reporting, it needs to finalize the following:

  1. Kinds of report
  2. Level of detail
  3. Level of personal involvement
  4. Hardware and software requirements
  5. Security and performance of report
  6. Ease of distribution

The reporting solution should be able to handle all user required External and internal reporting requirements with minimal cost and effort. Each report must answer the following questions:


Purpose of using ePRCS Solution

Oracle Enterprise Performance Reporting Cloud (ePRCS) solution fits the bill perfectly for customers.

The solution is the latest addition to the Oracle enterprise performance management (EPM) cloud suite of applications, and helps organizations streamline their internal and external reporting. It provides a secure and process-driven approach for creating, publishing, and distributing report packages. User can access reports via the web or Microsoft Office.

 

 Benefits of ePRCS

Oracle ePRCS has multiple benefits that fulfills the needs of performance reporting. These include:

  • One solution for multiple reporting processes like management, compliance, statutory, and financial reporting

  • Faster deployment with minimal hardware cost. Backup and patch upgrades available with licenses

  • Reduced time frame for designing, creating, and distributing reports

  • Multiple levels of collaborative development and reviews. Continued visibility into progress and status of reports

  • Document lifecycle management: Controlled document check in / out with access permissions and multiple version controls

  • Role-based access so that data confidentiality is maintained and access is provided to authorized users only

  • Notifications on tasks that are due

  • Creation of report books and other books on management and financial reporting

  • Data integration with Oracle EPM, business intelligence (BI) and enterprise resource planning (ERP) data sources which provide 'one version of the truth' on a single reporting platform

  • Complete data traceability to validate that the numbers are accurate

  • Deliver faster, more accurate insights to all stakeholders, anytime, anywhere

  • Secured interface using Microsoft Office. User can create grids, charts, and reports using Microsoft Office tools


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