Oracle Cloud Technologies - Etek Solutions

Oracle Cloud Technologies

ETEK is an Oracle Gold partner and specializes in Oracle EPM Cloud and HCM Cloud services.

Oracle EPM Cloud

Oracle Enterprise Performance Management Cloud Service provides end-to-end business processes to meet the requirements of most organizations and ensure a connected and agile experience across multiple business processes

Oracle Enterprise Performance Management is about survival and the capability to manage short- and long-term business performance and strategic readiness across the entire enterprise.

Our EPM Capabilities include these Business Processes:

 

  • Connected Planning

Standard and Enterprise Planning – Transform your organizations forecasting and budgeting process. Leverage prebuilt best in class modules including Workforce, Capital, Financials and Projects planning frameworks.

Profitability and Cost Management – Improve profitability, allocation and cost management and maximize profitability to measure, allocate, and manage costs and revenue.

  • Comprehensive Financial Close

Financial Consolidation and Close – Increase financial close and consolidation cycle times and compliances. Support for intercompany, multi-currency, equity eliminations and multiple accounting standards.

  • Account Reconciliation

Automate and control your financial reconciliation processes and keep track of the account reconciliation process including monitoring and analysis.

  • Tax Reporting

Aligns tax reporting with corporate financial reporting, tax reporting for medium to large multinational companies and includes Tax Provisioning, Country by Country Reporting.

  • Narrative Reporting

Provide greater transparency to financial reporting and create management reports with charts from multiple applications and database sources.

  • Enterprise Data Management

Manage data across your enterprise and application business viewpoints, govern changes across them, share and map data sets to accelerate cloud deployment, and build an authoritative system of reference.

Replace manual consolidation process with Cloud EPM
Integrate with E-Business Suite ERP
Manage intercompany eliminations process and revenue

Industry Use Case Challenges
  • Oil & Gas
  • Healthcare
  • Travel & Transport
  • Retail & distribution
  • Real estate
  • Quickly and accurately close the books for easy analysis of cash positions
  • Model multiple scenarios quickly
  • Forecast cash and liquidity
  • Standardized and automated intercompany (profit in inventory) eliminations
  • Reduced time for intercompany eliminations to less than one day (from four people over four (days)
  • Increased time for analysis as a result from having the calculated net profit on day one
  • Greater visibility and accuracy with the financial consolidation process

 

Oracle HCM Cloud

Oracle HCM (Human Capital Management) cloud enables HR leaders by delivering an end-to-end solution to manage every stage of the employee lifecycle, from attracting talent, screening, hiring, onboarding, managing time and absence, managing payroll, compensation and benefits, managing performance and developing talent reviewing talent and optimizing workflow. An HCM cloud solution built with an AI-first approach helps executives and individual contributors make faster and smarter decisions. It integrates with financials, supply chain, customer experience and other modules to align your HR department to the business goals of your organization. It also has a platform-as-a-service (PaaS) extensibility for custom-built applications.

 

HCM cloud products offered by Oracle are:

  • Global HR: A complete solution to engage your workforce and optimize operations. Includes Core HR, Workforce Directory, Workforce Predictions, Workforce Modeling, HR help desk and Workforce Health and Safety Incidents.
  • Talent Management: Find and retain the best talent with this offering. Includes Talent Acquisition, Goal and Performance Management, Career Development, Talent Review and Succession Planning.
  • Workforce Rewards: Differentiate and win the talent war with Compensation, Benefits, Payroll and Sales Compensation
  • Workforce Management: Optimize time with Time and Labor and Absence Management
  • Work Life Solutions: Engage employees with My Brand, My Wellness, My Volunteering and My Competitions.