A new profitability and cost management solution delivered in a cloud environment
Helping corporate executives and financial managers easily identify hidden costs and revenues.

Oracle announced the launch of Oracle Profitability and Cost Management Cloud (PCMCS), a solution tailored for business executives and finance professionals. This solution helps business executives and finance professionals clearly understand where their revenue is generated, continuously assess how resources are being used, and take appropriate action based on this understanding.

Despite constant pressure to improve performance, many companies lack visibility into their cost and revenue streams. Cost, revenue, and operational systems are often fragmented, disconnected, and fragmented, making it difficult to understand the true profitability and costs of a business. Oracle Profitability and Cost Management Cloud empowers business users to understand the true nature of their costs and revenues. Users can quickly and easily measure the profitability of customers, products, regions, and sales channels, and take appropriate actions to improve profitability and reduce costs.

Built on the cloud, Oracle Profitability and Cost Management Cloud not only brings new capabilities and innovations, but also leverages best practices from Oracle's on-premises service, Oracle Hyperion Profitability and Cost Management. This solution enables companies to maintain a simple, fast, and efficient general ledger by performing detailed calculations outside the general ledger.

Business users can identify potential profits and cost savings through simple, one-click reports and dashboards, without relying on IT. The cloud solution offers pre-built reports, including profit curves, scatter plots, and traceability, and includes sophisticated financial modeling and ad hoc reporting capabilities. Oracle Profitability and Cost Management Cloud manages large data sets and easily integrates with multiple enterprise resource planning (ERP) systems, as well as Oracle Enterprise Performance Management Cloud (EPM Cloud) and on-premises offerings.

Oracle Profitability and Cost Management Cloud is available to both existing and new customers. Companies can choose flexible deployment options that best meet their needs. More information is available on the Oracle Cloud website, the Oracle EPM Cloud website, and on Twitter.