At Intellicore, with a strong understanding of EPM processes within finance, we will bridge the adoption gap for our clients looking to have Intelligent Automation within their EPM business processes including Planning, Budgeting & Forecasting; Financial Consolidation & Close; Process Orchestration; Account Reconciliation and Performance Reporting.
Emerging technologies such as Artificial Intelligence (AI), Machine Learning (ML) and Robotic Process Automation (RPA) have started to impact Enterprise Performance Management (EPM) processes. Companies across the globe today are running technology-led innovation & automation initiatives within their Finance function. At Intellicore, with a strong understanding of EPM processes within finance, we will bridge the adoption gap for our clients looking to have Intelligent Automation within their EPM business processes including Planning, Budgeting & Forecasting; Financial Consolidation & Close; Process Orchestration; Account Reconciliation and Performance Reporting.
Nowadays, usage of Machine Learning and Artificial Intelligence within EPM systems are creating various innovative means of bringing different type of data into these systems and to analyze the data in both visual & text form with equal panache. The human interaction with these systems has also evolved in the recent past and has gone beyond just using browsers or Excel add-ins to various other means of interacting with EPM systems through voice, chat and mobile. Also, EPM systems today provide improved integrity, more sophisticated analytics, richer visualization and better collaboration through social mechanisms.
The evolution of Robotics Process Automation has reached EPM processes and within these we are helping our clients to bridge the gap of firstly identifying which are the steps within these EPM processes that show the potential of automation and then along with our clients doing specific scenario based POCs to redefine their EPM processes around Financial Close and Consolidations; Account Reconciliations; Planning, Budgeting & Forecasting; Management Reporting and Workflow automations.
Oracle EPM offers intelligent automation and artificial intelligence within their EPM product portfolio. Within EPM, the rising focus is around Process Automation of Account Reconciliations across the enterprise systems where the performance is either rules based or using transaction matching i.e. essentially doing large volumes of routine activities through the system rather than spending hours over these tasks. This avoids spending productive time on exceptions thrown out by the Intelligent EPM system.
We help our clients within Account Reconciliations area as we not only understand these finance processes, but we also understand what Oracle EPM tools can achieve. We advise our clients that these automation initiatives are a continuous journey rather than a one-shot project. As a result of the initial implementation, our clients start capturing more information within the source systems that would help optimize auto-matching capabilities and thereby increasing overall productivity for the accounting function.
We at Intellicore is eager to share our expertise and understanding on how these emerging technologies impact and improve your EPM investments in multiple areas.