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Nova is an Oracle EPM Partner

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Nova is an expert consulting firm specializing in Oracle Cloud EPM Financial Consolidation and Close and Oracle Cloud EPM Planning

Oracle Partner Certification

Specialization Details:

Area:

Cloud Services.

Specialization:

Consolidation and Financial Closing.

Oracle Cloud Partner

Specialization Details:

Area:

Cloud Services.

Specialization:

Planning.

Nova and Oracle: A Strategic Alliance That Is Revolutionizing Enterprise Performance Management (EPM)

Since 2008, Nova has been a key partner of Oracle, building a strategic alliance based on a commitment to excellence in enterprise performance management (EPM). Thanks to this partnership, we have been able to offer our clients efficient and customized implementations of Oracle’s performance management solutions, ensuring a significant return on investment and maximum optimization of the tools. This strong and productive partnership has not only driven our growth but has also made us pioneers in the implementation of cloud solutions in Spain.

A Journey of Milestones with Oracle EPM

Over the years, Nova has achieved significant milestones in the field of Oracle EPM and has been recognized as an official training partner for Oracle EPM Hyperion solutions. We are proud to have pioneered the implementation of the Oracle Cloud solution in Spain for Telefónica, as well as the development of the first Tax Provision project for SM and financial consolidation using FCCS (Financial Consolidation and Close Service) for various clients.

As business requirements have evolved toward more digital and dynamic environments, Nova has supported this transformation by migrating on-premises systems to cloud solutions and integrating EPM Cloud with ERP Cloud. In addition, we have facilitated the migration from Standard to Enterprise EPM Cloud, providing our customers with access to a more comprehensive and advanced suite of tools that boost productivity and decision-making agility.

What is Oracle EPM, and what is it used for?

Oracle EPM (Enterprise Performance Management) is a suite of solutions developed by Oracle to comprehensively manage business performance. These tools are designed to cover a wide range of essential financial and operational processes, such as planning, budgeting, consolidation, financial close, reporting, and data analysis. Oracle EPM uses cloud technology to provide real-time access to accurate, up-to-date data, enabling organizations to centralize the management of their financial and operational performance on a single platform. Its cloud architecture facilitates scalability and ensures that organizations can adapt to market changes without relying on costly and complex on-premises infrastructure.

By centralizing and automating complex processes, Oracle EPM enables finance and management teams to focus on strategic decision-making rather than administrative tasks. In addition, the suite offers customizable models and templates that make it easy to adapt the platform to the specific needs of each business, from detailed cost analysis to the optimization of resource planning. Oracle EPM is a powerful tool that helps improve operational efficiency and strengthen organizations’ competitiveness in a dynamic market environment.

Take a closer look at a real-world case study. Discover a success story from the Oracle EPM Platform.

Transform your financial management with Oracle EPM.

Harness the power of Oracle’s EPM platform to automate tasks, optimize budgets, and strengthen your company’s financial control.

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What areas does Oracle EPM cover within companies?

Oracle EPM (Enterprise Performance Management) is a suite of solutions that covers several essential areas of financial and operational management in companies. Each of these modules has a specific function that, together, facilitates comprehensive and efficient management of financial resources and operations. Below is more information about the key capabilities of Oracle EPM:

Oracle EPM enables companies to perform both financial and operational planning and budgeting, offering modeling and simulation tools to anticipate different scenarios. This module facilitates resource planning and enables finance teams to collaborate and align objectives with the company’s strategic goals, ensuring that all departments work with a consistent and up-to-date financial view.

This Oracle EPM module helps companies gain a detailed understanding of the costs and profitability of their products, services, or business lines. Through detailed analysis, organizations can identify high-profitability areas, adjust prices, and optimize costs, thereby supporting strategic decision-making to improve operating margins and market competitiveness.

The financial consolidation and closing solution streamlines the process of integrating financial data from multiple units and subsidiaries, enabling companies to meet accounting close deadlines and comply with local and international accounting standards. This tool automates complex consolidation tasks and intercompany adjustments, reducing closing times and improving the accuracy of financial reports.

Account reconciliation is a critical process for ensuring the accuracy of financial statements. The Account Reconciliation module in Oracle EPM facilitates the comparison and adjustment of accounting accounts, reducing the risk of errors and increasing visibility and control over reconciliations in real time. Additionally, automating this process reduces the manual workload and improves efficiency in risk management.

With Oracle EPM, companies can manage tax reporting, ensuring compliance with local and international regulations. This module centralizes the collection and consolidation of tax data, facilitating the preparation of tax reports and returns that meet the specific requirements of each jurisdiction, optimizing resources, and ensuring accuracy in tax compliance.

Oracle EPM offers the ability to create narrative reports, which combine financial and operational data with explanations and contextual analysis, providing a more comprehensive view of the company’s performance. This module is particularly useful for annual reports, performance reports, and other high-level documents that require detailed and accurate narratives. Narrative Reporting enables teams to collaborate in real time, improving transparency and consistency in communicating results to internal and external stakeholders.

A solution that supports organizations in all aspects of collecting ESG information, analyzing data and forecasts, and preparing sustainability reports.

Success Story: Nippon Gases with Oracle EPM
Access the Success Case

Planning and Consolidation Project with Oracle EPM.

Nippon Gases, one of Europe’s leading industrial and medical gas companies, needed a robust consolidation platform capable of handling conversions to various European currencies for reporting purposes in Europe and to its parent company in Japan.

Contact us about your Oracle EPM Cloud project!

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Oracle EPM: Comprehensive Solution

Oracle EPM provides a comprehensive solution that automates, centralizes, and optimizes financial and performance management processes within organizations, helping to improve operational efficiency, regulatory compliance, and strategic decision-making.

Learn more about Oracle EPM Cloud
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