Oracle Announces New Release of EPM System

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Oracle recently announced a new release of its industry-leading OracleR Enterprise Performance Management (EPM) System Release 11.1.2.

In order to help organizations further improve their strategic, financial and operational management processes, Oracle recently announced a new release of its industry-leading OracleR Enterprise Performance Management (EPM) System Release 11.1.2.

This release introduces three new performance management applications - Oracle Hyperion Disclosure Management, Oracle Hyperion Financial Close Management, and Oracle Hyperion Public Sector Planning and Budgeting as well as major enhancements to existing Hyperion performance management applications, and enhanced integrations with Oracle Applications.

A component of Oracle Fusion Middleware, Oracle\'s EPM System combines category-leading EPM applications and business intelligence (BI) products to support a broad range of business processes that enable organizations to become smarter, more agile, and better aligned.

\"Oracle EPM System Release 11.1.2 represents a major leap forward in expanding our category-leadi

ng EPM applications with the introduction of new applications and continued integration with Oracle Applications and Oracle Fusion Middleware,\" said Robert Gersten, senior vice president, Oracle Development. \"The new applications, enhancements and key integrations introduced in this release will help organizations significantly improve their planning, financial close, and statutory and internal reporting processes whether using the Oracle EPM System with Oracle Applications or non-Oracle ERP solutions.\"

Oracle EPM System Release 11.1.2 represents a milestone in the product lifecycle of Oracle\'s flagship Hyperion Planning application, further strengthening its lead over competitive offerings.

This latest release helps organizations significantly streamline the extended financial close process through new product functionality and integrations.

\"As a customer who\'s deployed a number of Oracle Hyperion applications we are excited about the new applic