Oracle, the global leader in integrating cloud applications and platform services, unveiled breakthrough products at Oracle CloudWorld.
This announcement introduces Oracle Cloud EPM for Sustainability and demonstrates Oracle’s commitment to enabling organizations to more efficiently manage their sustainability plans.
The driving force behind this innovative solution stems from the increasing need for companies to integrate their operations with sustainability goals. Organizations face the challenge of collecting environmental data from different sources, including internal systems and external partners. This data often ends up siled in spreadsheets, making the reporting and analysis process cumbersome, slow, and error-prone. Oracle Cloud EPM for Sustainability addresses these issues head-on, leveraging cutting-edge automation, artificial intelligence (AI), and machine learning to simplify data integration, improve reporting accuracy, and comply with emerging sustainability reporting standards.
Oracle’s expertise in cloud applications and platform services enables this solution to integrate seamlessly with existing business processes. The company’s robust product portfolio includes enterprise resource planning, human capital management and other solutions, all designed to help organizations achieve operational excellence and innovation.
The new Oracle Cloud EPM for Sustainability provides enterprises with the tools they need to effectively manage and report on their sustainability initiatives. Its capabilities include direct data collection from a variety of sources, scenario modeling to explore multiple sustainability strategies, and artificial intelligence insights for improved decision-making. This comprehensive approach ensures organizations can more easily and accurately meet international reporting standards such as Financial Reporting Standards (FRS) and the Global Reporting Initiative (GRI).
In addition, Oracle’s solutions enable predictive planning and intelligent goal setting, powered by artificial intelligence and machine learning. This not only facilitates more accurate forecasting and planning, but also enhances the ability to adjust strategies on the fly. Narrative reporting capabilities also allow the creation of detailed, contextual reports that can be shared with stakeholders, ensuring transparency and accountability in sustainability efforts.
Oracle’s commitment to sustainability is reflected in this latest offering. “Many organizations are beginning to treat sustainability reporting requirements with the same rigor, governance and technical expertise as financial reporting,” said Hari Sankar, vice president of product management, Oracle Group. “With Oracle Cloud EPM for Sustainability, our customers can leverage Trusted solutions that embed artificial intelligence and other advanced technologies to help increase efficiency, provide insights, facilitate compliance and effectively manage the progress of sustainability initiatives.”
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