Oracle launches Cloud EPM Sustainability Reporting Platform

March 14, 2024

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CloudWorld Tour London was a whirlwind of learning and networking.

Hari Sankar, VP of Oracle announces the launch of its new Cloud EPM Solution to help companies manage their ESG Reporting Initiatives

Sustainability reporting is a highly discussed topic, as its regulation is still in the works. Stakeholders, governments and internal teams are all looking for clear sustainability measurement – and Oracle’s new tool supports just that.

Oracle Cloud EPM for Sustainability, a new solution in Oracle Fusion Cloud Enterprise Performance Management (EPM) helps organisations efficiently measure and effectively manage sustainability initiatives, solving that reporting issue and cutting down the time consuming manpower otherwise needed. Using the tool allows sustainability leaders to connect data, plans and targets across their organisation to progress initiatives backed by data driven insights. Through modelling multiple scenarios with Oracle Cloud EPM for Sustainability, companies can be confident that they’re on the right path for the desired outcome, saving money whilst increasing results.

Hari Sankar, Group Vice President, Product Management at Oracle.

“Many organisations are beginning to treat sustainability reporting requirements with the same rigour, governance, and technical expertise as financial reporting,” shares 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.”

Simplifying data consolidation, storage and analysis

Gathering environmental data often draws from various sources like business units, systems, suppliers, and partners. Unfortunately, much of this data ends up across spreadsheets, making the task of reporting and analysing it slow, error-prone, and inefficient. Oracle is tackling these issues head on in the Oracle Cloud EPM for Sustainability, supporting companies trying to meet the demands of ever-developing reporting standards. This solution comes packed with automation, AI, and machine learning capabilities, ensuring reporting becomes swift and accurate.