Oracle has been positioned in the leaders quadrant in the recent Gartner report, “Magic Quadrant for Corporate Performance Management Suites, 2007.” The report evaluates vendors for their ability to execute and completeness of vision.
Gartner defines the Corporate Performance Management (CPM) Suites market as “the processes used to manage corporate performance, such as strategy formulation, budgeting and forecasting; the methodologies that drive some processes, including the balanced scorecard, or value-based management; and the metrics used to measure performance against strategic and operational performance goals.”
Gartner also notes that, “to be effective, CPM must be supported by a suite of analytical applications that provide functionality to support these processes, methodologies and metrics.”
Information can only drive insight and action if it is timely, accurate and in the right hands at the right time,” says Rich Clayton, vice-president: Business Intelligence & Performance Management Marketing, Oracle.
“With Oracle Enterprise Performance Management System, we are breaking down information silos within organisations – enabling CFOs, line-of-business managers and IT executives to confidently utilise their data assets to drive better visibility, planning and alignment across the enterprise. We believe Oracle’s position in the leaders quadrant for Corporate Performance Management Suites further validates our vision and strategy in this sector.”
As a result of the convergence of Corporate Performance Management and Business Intelligence technologies, organisations need integrated enterprise performance offerings.
A component of Oracle Fusion Middleware, the comprehensive and integrated Oracle Enterprise Performance Management (EPM) System brings together category-leading performance management applications, packaged business intelligence applications, and business intelligence foundation and tools products into a complete and integrated system for managing and optimising performance across business functions. The offering’s hot-pluggable architecture helps customers extend the value of their performance management and analytic applications across heterogeneous IT environments.