Oracle, the cloud-centric infrastructure and software provider, has launched Oracle, a new solution aimed at helping organizations measure, manage, and track their sustainability efforts and comply with new sustainability-related reporting standards. We announced the launch of Cloud EPM for Sustainability.
Oracle says the release of this new solution will help organizations address the need to manage environmental data, as many companies still manually integrate this information into spreadsheets. As a result, analysis is slow, inefficient, and error-prone. According to Oracle, the new solution forms part of the Oracle Fusion Cloud Enterprise Performance Management (EPM) platform and uses Oracle’s workflow systems and tools to track and share data, as well as AI and machine learning. It said it can more efficiently record and track data and glean insights. data.
Key capabilities and features of the new solution include data collection from disparate sources with account structures based on IFRS, ESRS (CSRD), and GRI standards, built-in data collection to enhance understanding of risks and opportunities for sustainability initiatives; Includes scenario modeling capabilities and AI-powered data collection. Insights and automated alerts on anomalies and variances, self-service capabilities for filtering, sorting, and visualization, dedicated dashboards and automated analytics, predictive planning capabilities to create and validate forecasts and predict future performance, and data Ability to coordinate relevant reporting standards and the production of reports for key stakeholders.
said Hari Sankar, group vice president of product management at Oracle.
“Many organizations are beginning to treat sustainability reporting requirements with the same rigor, governance, and technical expertise as financial reporting. With Oracle Cloud EPM for Sustainability, our customers can You can effectively manage the progress of your sustainability efforts by leveraging trusted solutions that incorporate technology to increase efficiency, provide insight, drive compliance, and track the progress of your sustainability efforts.”
