Profitability and cost management are essential aspects of any business, especially in today's competitive and uncertain environment. You need to understand how your resources are allocated, how your products, services, and customers contribute to your bottom line, and how you can optimize your performance and plan for the future.

Oracle Enterprise Performance Management (EPM) Cloud offers a comprehensive solution for profitability and cost management that enables you to:

• Design and calculate flexible models that reflect your business structure and processes
• Allocate costs and revenues across multiple dimensions using various methods and drivers
• Analyze profitability and cost results using built-in and ad hoc reports
• Perform what-if scenarios to test the impact of changes and prepare for different outcomes
• Automate tax transfer pricing, regulatory reporting, shared services costing, IT financial management, and more

Benefits of Oracle EPM Profitability and Cost Management

Oracle EPM Profitability and Cost Management is a cloud-based application that leverages the power, scalability, and security of Oracle Cloud. It allows you to:

• Gain a deeper understanding of your costs and profitability at any level of granularity
• Identify which products, services, and customers are profitable and which are not, and where to focus your resources
• Reduce costs, improve efficiency, and enhance customer satisfaction by allocating shared services costs transparently
• Support better IT investment decisions by gaining insight into IT costs and value
• Comply with tax regulations and optimize tax strategies by automating tax transfer pricing
• Justify overhead rates, negotiate prices, and report profitability by jurisdiction in regulated industries
• Build and maintain models easily without relying on IT or consultants
• Update models quickly as your business changes without having to rebuild them
• Integrate data from multiple sources seamlessly using Oracle Data Management
• Collaborate with other stakeholders using Oracle Smart View for Office