Oracle EPM Cloud/Hyperion and IBM Cognos TM1 are corporate performance management solutions that help companies plan budgets and allow various departments to share forecasts. These tools help leaders and companies plan financial success. Benefits seen are:
- strategic planning and sales forecast;
- budget control, simplification of accounting closing and P & L (Profit and Loss);
- improvement of margins and commission plans, elimination of surpluses;
- optimisation of data extraction, transformation and uploading from data warehouse server (ETL Process).