By Danny Booher
October 20th, 2016
Today, Oracle announced the release of Profitability & Cost Management Cloud Service (PCMCS). PCMCS is a cloud based SaaS that enables business users to gain insight into hidden profit and cost across key business dimensions—such as products, customers, sales channels, and more—and take action to improve profitability and lower costs.
We are excited about the intuitive cloud interface that makes it easy to analyze costs and profit. With PCMCS you can rapidly build, maintain, change, and analyze allocations. With useful built-in and ad hoc reporting business users can model opportunities by changing assumptions.
Like all of Oracle’s cloud offerings, Profitability & Cost Management Cloud Service offers a lower upfront cost, reduced CAP expenditure, and easier global deployment. The service is easy to use, mobile enabled and owned by the business, not IT. Read more about hosting financial systems in the cloud.
PCMCS shares many of the features of on-premise Hyperion Profitability and Cost Management (HPCM). Where the two products differ are cloud-only features such as mobile ready profitability dashboards, out-of-the-box profitability reports, and direct links to the Oracle Cloud marketplace for download of implementation accelerators that will reduce implementation times and maximize time to value. Oracle will continue to support and improve on-premises Oracle Hyperion Profitability and Cost Management. We recommend that companies who are interested in profitability & cost management software consider Oracle’s cloud solution over the on-premise software.
If your company uses Oracle Hyperion Profitability and Cost Management, and you have built your model using the management ledger style, it is easy to migrate to the cloud solution.
Contact us for more information on getting started, or migrating to, Profitability & Cost Management Cloud Service.