Implementing Oracle Enterprise Performance Management system is important to keep up with the evolving technological-driven landscape. This transformation involves adopting new methods that help increase the operational efficiency and competitiveness of businesses. However, implementing it is a resource-intensive process that can divert organisations’ attention from its core business functions.

Delegating this task to the right partner can ensure successful implementation without compromising the core tasks. Having a partner can enable one to make informed decisions, offload technical responsibilities associated with implementations, and facilitate change management to meet the needs of the organisation. In this blog, we will learn about the factors one should consider before choosing an Oracle Enterprise Performance Management implementation partner to avoid costly mistakes and promote a smoother and more successful implementation process.

Considerations when choosing the right Oracle EPM Partner

Assess Needs

Every organisation has different objectives and needs when it comes to Oracle Enterprise Performance Management system implementation, depending on the projects and the size of the organisation.

While looking for Oracle EPM implementation partners, select a partner that takes time to understand the workings, values, and goals of the organisation. It is advised to look for a partner that can provide customised solutions that are designed to meet specific requirements.

They should be able to provide flexibility to adjust services based on the organisation’s changing needs and priorities. Evaluating the compatibility of the organisation’s needs with partner services ensures a smoother work relationship and increases the probability of successful implementation.

Experience Matters

It is important to consider the experience of Oracle Enterprise Performance Management implementation partner. Working with a partner with a proven track record of Enterprise Performance Management systems can benefit the organisation as they can bring the expertise and skills to facilitate the implementation process.

Look for partners who have worked with similar organisations in size, industry, and complexity. This helps ensure that they can understand the specific needs of the business and can provide crafted solutions.

Checking for region-specific experience is also important, as when they have experience working in the same region, they are likely to better understand the local market, regulations, and needs of the business. This enables them to be better equipped to address the challenges that may arise during the implementation process. Consider their expertise in specific Oracle Enterprise Performance Management software that is to be implemented.

Budget Wisely

Set a clear budget upfront, as it can help identify the partners that align with the organisation’s financial constraints, ensuring a cost-effective selection. It is important to compare pricing structures offered by different partners and ensure that it is done with great attention, as the pricing can vary and impact the overall cost of implementation.

Opt for a partner who provides a transparent pricing model as transparency fosters trust and eliminates hidden costs, allowing for accurate financial planning. By focusing on these financial considerations, businesses can select a partner that not only meets their Oracle EPM implementation needs but also fits their budget, ensuring a successful and sustainable implementation.

Support & Services

Oracle implementation is a continuous process, not a one-time task. It needs constant maintenance and support. Evaluate a partner’s post-implementation support offerings before making a decision. Take into account elements such as their ability to amend issues quickly, availability of dedicated support teams, and response speed.

A trustworthy implementation partner should offer complete support services, such as proactive monitoring, system updates, and troubleshooting. This ensures that the Oracle EPM Cloud environment remains safe, efficient, and compatible with changing business requirements.

Effective Communication

A clear project management process is important for tracking progress, managing expectations, and mitigating risks timely. Establishing strong reporting channels also plays a crucial role in maintaining open lines of communication, enabling regular updates, and facilitating decision-making.

These considerations ensure that the partner can navigate complex project landscapes efficiently, promoting a collaborative environment. Prioritising communication excellence is key to a successful Oracle Enterprise Performance Management system implementation, ensuring that all concerned parties are aligned and informed throughout the project lifecycle.

Legal Clarity

Ensuring legal clarity is critical in forging a partnership for Oracle EPM implementation. It involves meticulously reviewing the partnership contract to grasp all terms, responsibilities, and expected outcomes. This clarity in the agreement helps in setting precise project deliverables, timelines, and quality standards, avoiding future disputes.

Confirming legal compliance is essential for sticking to industry standards and regulations and safeguarding both parties against legal risks. Organisations can establish a transparent, accountable partnership foundation by emphasising legal clarity and ensuring that the project aligns with legal requirements and corporate objectives.

Conclusion

Futuresense stands out as an Enterprise Performance Management system implementation partner with over two decades of dedicated service to some of South Africa’s leading organisations. By providing trusted systems and accurate numbers, we enable deep insights and critical information flow, ensuring finance teams can proactively drive their organisations towards their financial objectives.

At Futuresense, we provide Enterprise Performance Management software, Enterprise Performance Management services, EPM implementation, and Oracle EPM training to ensure that your finance team is equipped to analyse, present, and leverage financial information effectively.

Ready to elevate your organisation’s financial management and reporting capabilities? Contact Futuresense today to discover how we can empower your finance team with the tools and insights needed for success.

Frequently Asked Questions:

Why is choosing the right Oracle EPM implementation partner important?
Choosing the right Oracle EPM implementation partner is important as the right partner can utilise their expertise and resources to get their clients exactly what they need, ensuring smooth and successful EPM system implementation.

How can Futuresense help in Oracle EPM implementation?
At Futuresense, we work with our clients to understand their specific needs and requirements and deliver the solutions crafted to their needs.

Does Futuresense offer training and support for Oracle EPM users?
Yes, at Futuresense, we have a comprehensive training and support program in place, with specialists to provide answers to every query or question.

What sets Futuresense apart from other Oracle EPM implementation partners?
Futuresense offers comprehensive support solutions and is dedicated to excellent customer interactions. Our ITIL-compliant framework and single-point contact service desk ensure rapid responses and effective solutions, setting them apart from competitors.

What kind of ongoing support and training programs does Futuresense offer post-implementation?
Futuresense offers extensive post-implementation EPM support and training, including traditional and virtual classroom training, instructor-led sessions, certified courses, and online assessments tailored to meet individual business needs for effective EPM mastery.