Oracle Cloud EPM AI Innovations: Enhancing Finance with AI and Machine Learning
AI is no longer just a concept for the future—it is here today in Oracle Cloud EPM, ready to revolutionize your financial and business processes. This blog will go over some of the strategies in EPM, what AI capabilities are already available, and what new AI features are on the horizon.
Agenda Overview
Vision for AI in Oracle Cloud EPM
Oracle CloudWorld Announcements
AI in EPM Applications
Traditional AI
Predictive Planning
AI-Assisted Data Analysis (Insights)
Predictive Cash Forecasting
Generative AI
Narrative (NR + Insights)
Oracle Cloud EPM AI Strategy
Oracle Cloud EPM leverages AI-powered innovation to improve forecasting, financial reporting, and process automation.
o Embedded AI in EPM at no extra cost
o Powered by Oracle Cloud Infrastructure (OCI) AI & LLMs
o Privacy and security built into every layer
o Extensible AI framework grounded in EPM data
AI Use Cases in Oracle Cloud EPM
1. Traditional AI Features (GA - Generally Available)
I. Predictive Planning – Enhances forecasting with AI-driven data insights.
II. IPM Insights – Detects trends, issues, and opportunities automatically.
III. Predictive Cash Forecasting – AI-driven daily cash flow predictions for better liquidity management.
2. Generative AI Features (GA - Generally Available)
I. Narrative Generation – Uses GenAI to generate management reports, variance analysis, and executive summaries.
AI-Driven Finance: Automating Key Financial Processes
Oracle Cloud EPM integrates AI across multiple financial processes:
o Predictive Forecasting – Uses AI/ML for revenue and cash flow projections.
o Insight Exploration – AI-assisted anomaly detection and variance insights.
o Auto Reconciliation – ML-based transaction matching and error detection.
o Narrative AI Reporting – Auto-generates financial narratives, comparisons, and insights.
o Outcome: AI helps finance teams streamline operations, increase accuracy, and enhance decision-making.
AI-Powered Digital Assistants & AI Agents
o Conversational Agents – Enable finance teams to interact with data using natural language.
o Supervisory Agents – Automate compliance, reconciliation, and financial rule enforcement.
o Functional Agents – Assist in forecasting, expense analysis, and cash flow management.
o Utility Agents – Automate journal entries, expense policy audits, and master data augmentation.
Oracle Cloud EPM AI Use Cases in Action
1. AI-Powered Forecasting
I. Predictive Planning:
Automatically generate forecasts based on historical data
Compare AI-generated forecasts vs. actuals
Detect bias and anomalies in predictions
2. AI-Driven Reconciliation & Compliance
I. Auto Reconciliation:
Intelligent transaction matching
AI detects and resolves data discrepancies
I. Policy Risk Assessment Advisor:
AI-driven audit compliance checks
Identifies financial policy risks
3. AI-Assisted Data Analysis
I. IPM Insights (AI-Assisted Data Exploration):
Uncovers hidden patterns in financial data
Detects unexpected variances in forecasts and actuals
I. Data Visualization Agent:
Auto-generates AI-driven dashboards
Uses natural language processing for real-time insights
GenAI in Cloud EPM Narrative Reporting
I. Auto-Generate Financial Narratives
Compare budget vs. actuals
Identify key financial variances
Provide AI-generated root cause analysis
I. GenAI Summaries & Causal Analysis
Automatically summarize insights across reports
Generate contextual explanations for predictions
AI-Driven Cash Management: Predictive Cash Forecasting
I. AI-Driven Treasury Management
AI identifies liquidity risks
Optimizes payables & receivables
Provides data-driven treasury insights
· Cash Forecasting Horizons
> Short-Term (Rolling 10 Days) – Treasury cash positioning
> Mid-Term (3-6 Months) – AI-driven liquidity planning
> Long-Term (1-5 Years) – Strategic cash flow modeling
What’s Next? Future AI Enhancements
o Advanced AI Predictions – Multivariate forecasting models
o GenAI for Data Visualization – AI-generated financial dashboards
o Contextual Data Exploration – AI-powered data discovery in Smart View
o Expanded Machine Learning Use Cases – AI-enhanced operational modeling
Key Takeaways
o Oracle Cloud EPM embeds AI to automate finance processes.
o Predictive AI enhances planning accuracy & efficiency.
o Generative AI enables real-time financial storytelling.
o Digital AI Agents simplify data analysis & compliance.
o Finance teams can use AI without deep technical expertise.
Reference:
EPM - AI in EPM: Strategy and Overview
Oracle Cloud EPM’s AI innovations are reshaping finance, turning complex data into actionable insights and automating critical processes—but unlocking their full potential requires expertise. Whether you’re looking to implement predictive analytics, streamline compliance automation, or harness generative AI for financial storytelling, iArch Solutions is here to guide your journey. Ready to future-proof your finance operations? Contact iArch Solutions today to tailor Oracle’s AI-driven EPM tools to your organization’s needs and maximize your ROI. Let’s transform your financial workflows, together. 🚀