Headline to introduce event offer 2LNs

Migrating from Oracle Hyperion Financial Management (HFM) to Oracle Enterprise Performance Management (EPM) Cloud offers several benefits, including lower infrastructure needs, a better user interface, enhanced integration, and access to advanced technology like GenAI. This transition can improve collaboration and provide real-time insights, leading to cost efficiencies through a subscription model.

Key considerations include compliance with increasingly complex financial and sustainability reporting standards (e.g., IFRS, GAAP, CSRD), which EPM Cloud solutions can help address. Organisations must also consider data residency regulations regarding the storage of financial data.

However, risks such as data security, integration difficulties, and employee resistance must be managed effectively. In summary, while the shift to Oracle EPM Cloud can enhance financial management and reporting, it is essential to address compliance and associated risks for a successful transition.