Oracle has launched new and upgraded applications for its unified suite of financial services analytical applications for enterprise performance management (EPM).
The new solutions, based on the merged capabilities of Oracle Financial Services Applications (OFSA), Oracle’s Hyperion, Oracle’s Reveleus and PeopleSoft Enterprise Performance Management, are designed to help financial institutions:
- Focus on planning future performance and lowering anticipated risk.
- Plan net interest margin, anticipate liquidity contingencies and reconcile asset/liability management forecasts with annual budgets and rolling forecasts.
- Provide the capability to go beyond measuring bottoms up historical performance to actively managing future risks and results.
“We have used Oracle for many years to support our business segment profitability reporting processes. We are excited about the new Oracle Financial Services Analytical Applications release and being one of the first customers to implement the new profitability management and funds transfer pricing applications. We believe the release helps bring together the industry best practices embodied across Oracle’s various product lines,” said Kathy Rogers, executive vice president of business line reporting and planning for US Bancorp.
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