How GCCs Can Scale Faster With Oracle Cloud EPM

The platform lets you plan from many angles, make decisions with many people in mind, and work with people from different departments. This ensures that processes remain strong and flexible. Oracle Cloud Enterprise Performance Management (EPM) provides a wide range of tools that help GCCs grow faster while maintaining optimal operations. Oracle Cloud EPM for GCCs the power to drive speed, accuracy, and strategic intelligence through connected planning, a simplified financial close process, and robust control frameworks.

The Important Role of GCCs in Today's Businesses

Global business networks depend on GCCs to bring together important business tasks in one place. They are often responsible for business planning, management accounting, and financial reporting across many different areas and companies. GCCs perform very complex work, so they need solutions that can combine data from different systems, automate tasks, and deliver information immediately. When it comes to high-volume, multi-dimensional processes, traditional files and human routines often aren't enough. These problems can be solved with Oracle Cloud EPM, which provides a single tool that seamlessly connects planning, reporting, and control. The urgency for such a unified framework is well understood by digital transformation leaders, including those at organisations such as datasolix which support enterprises in leveraging cloud technologies to modernise their financial and operational workflows.

Connected Planning: How to Get Agility and Work Together

The connected planning feature in Oracle Cloud EPM is a game-changing tool that enables Global Capability Centres (GCCs) to integrate their financial, tactical, and strategic planning systems. Traditionally, planning tasks were done separately across different parts of the business, with little understanding of how they affected one another. When GCCs use Oracle Cloud EPM, they can break down these silos and collaborate on resource sharing, scenario modelling, and forecasting. This helps GCCs make quick, smart choices. 

A big benefit of linked planning is that you can examine many different situations and run what-if studies without affecting how things are normally done. GCCs can model changes in income, costs, or headcount and immediately determine their impact on profit, cash flow, and working capital. Executives can assess risk, ensure resources are used effectively, and identify opportunities for growth using the combined modelling tools in Oracle Cloud EPM. This proactive method lets GCCs predict problems and adjust their plans on the fly, rather than relying solely on past facts.

• Increasing compliance and accuracy

GCCs that have to deal with many different rules need to be accurate and compliant. Finance leaders can also be sure that their reports meet the highest standards, helping decisions be made faster and more reliably. A core part of scaling for GCCs is governance. Oracle Cloud EPM embeds governance, risk, and compliance (GRC) processes directly into the work required for finance and operations. GCCs can set approval structures, track key performance indicators (KPIs), and enforce rules regularly across sites. You can also track risks in real time with this app. It gets data from screens and analytics, whether they relate to financial success, work efficiency, or following the rules. By integrating government into daily activities, GCCs can operate at scale without losing control or responsibility.

• Multicurrency and multigeography operations are supported

When it comes to merging and reporting, GCCs can find it challenging to handle multiple currencies, legal entities, and locations. Oracle Cloud EPM's support for multiple currencies and entities makes it easy to combine data from businesses around the world. Now, currency conversions, intercompany eliminations, and localisation reporting requirements are all handled instantly.

Oracle Cloud EPM for GCCs - How GCCs Can Scale Faster With Oracle Cloud EPM

Oracle EPM Connected Planning to designed to work seamlessly with ERP systems such as Oracle Fusion Cloud ERP, SAP, and older platforms. This connection ensures that transaction data is sent to the planning, processing, and reporting tools immediately. GCCs have to do less work to ensure their data is correct, experience fewer mistakes, and have a single source of truth for both operating and financial data. Scenario planning is an important skill for GCCs that want to grow wisely. Oracle Cloud EPM helps finance leaders explore many ways to grow, spend, and budget in an organised manner. By considering the best, worst, and most likely outcomes, GCCs can better plan which resources to use and avoid potential problems. This strategic planning supports growth plans, mergers, acquisitions, and market entry with both trust and accuracy.

Working together is very important for the success of GCCs, where teams often work from different locations and time zones. A big part of making widespread GCC processes possible is automation. Oracle Cloud EPM lets finance teams focus on more important tasks by handling routine jobs such as data merging, reconciliations, and reporting. 

GCCs have to follow many different rules depending on where they are, including local rules on taxes, budgeting, and how businesses should be run. Oracle Cloud EPM offers legal models that can be changed to work in a variety of places. Oracle Cloud EPM changes the job of finance leaders from overseeing transactions to giving strategic advice. GCC finance leaders can expect problems, find chances, and shape company strategy by using scenario planning tools and prediction analytics to show performance measures as they happen. This change lets GCCs go beyond simply doing things more efficiently and directly help business growth and market competitiveness.

• Scaling Operations in a Reliable and Consistent Way

GCCs that want to grow globally need to be consistent and reliable. No matter where you are, Oracle Cloud EPM standardises financial planning, reporting, and control processes across all units, ensuring consistent actions. Standardization makes decisions safer, more accurate, and more consistent. This means that GCCs can be sure that, as they grow their businesses, the processes and systems in place are strong and dependable.

• Helping Digital Transformation in GCCs

Going through a digital change is an important strategy goal for many GCCs that want to stay competitive. When you use Oracle Cloud EPM for Global Capability Centers, you get a safe, scalable, and cloud-based system that fits in with your other digital projects. Cloud deployment helps GCCs save money on infrastructure, access more powerful data analysis tools, and receive regular updates and improvements. Bringing together new technologies like AI and machine learning makes it even easier to get future insights and plan out scenarios.

Conclusion

Oracle Cloud EPM gives GCCs a complete way to grow faster and work more efficiently. Connected planning enables data-driven projections to work as a team; faster close processes mean shorter cycles with greater accuracy; and strong control ensures that all areas follow the rules and are accountable. By using these tools, GCCs can become great at running their businesses, develop long-term plans, and ensure their growth is sustainable.

Frequently Asked Questions

1. What is Oracle Cloud EPM?

Oracle Cloud EPM lets businesses try out a lot of different scenarios, predict what will happen in the future, and make detailed models of their finances that help executives make smart choices. The single tool lowers mistakes, speeds up planning and reporting, and helps people in different areas and regions work together. This is especially important for GCCs because it creates a single source of truth that promotes uniformity, oversight, and quicker operational growth.

    2. What EPM Modules Suit GCCs?

Oracle Cloud EPM has a number of tools that are especially good for GCCs because they deal with the specific problems that come up with global operations with more than one entity. One of these tools is Financial Planning and Budgeting, which lets companies combine multiple regional budgets and estimates into one plan. This tool makes sure that all parts of the business use the same measures and assumptions. This way, the company can get accurate reports that cover the whole operation. 

   3. Benefits for GCC Businesses

Using Oracle Cloud EPM helps GCCs grow more quickly while keeping things accurate and in line with rules. Better operating performance is one of the main benefits. By using technology to do routine jobs like reports, consolidations, and reconciliations, GCCs can speed up the work they do on finances, make fewer mistakes, and let employees work on more important things. This lowers the cost of doing things and speeds up decision-making. This is very important for companies that have many business units in different parts of the world.