Oracle Cloud EPM has added new sustainability features to help business leaders plan, track, and report on initiatives and comply with new reporting standards.
Part of Oracle Fusion Cloud Enterprise Resource Planning (ERP), the new solution – Oracle Cloud EPM for Sustainability – will help business leaders gain the insights they need to make progress on sustainability goals by connecting data, plans, and targets across their organization, and by modeling multiple scenarios to optimize outcomes.
Environmental data is sourced from many locations, business units, and systems within an organization and from suppliers and business partners.
Oracle says this is often manually consolidated in spreadsheets, so reporting and analyzing this data can be a “slow, inefficient, and error-prone process”. To address these challenges, Oracle stresses that organizations need to leverage a purpose-built solution with embedded automation, AI and machine learning.
Oracle Cloud EPM for Sustainability helps organizations accelerate their sustainability efforts. The new solution enables organizations to procure, connect and transform data while identifying errors and reconciling discrepancies; model different scenarios to choose the best path forward; explore AI-led insights and machine learning to create intelligent plans; and report and act on goals.
“Many organizations are beginning to treat sustainability reporting requirements with the same rigor, governance, and technical expertise as financial reporting,” said Hari Sankar, group vice president, product management at Oracle.
“With Oracle Cloud EPM for Sustainability, our customers can leverage a trusted solution that embeds AI and other advanced technologies to help improve efficiency, deliver insights, promote compliance, and effectively manage their progress on sustainability initiatives.”
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Shruti Khairnar is a seasoned B2B reporter with a diverse background in financial journalism. She has written for prominent B2B publications including FinTech Futures, ESG Investor, Sustainabonds and more.
