Oracle Fusion Cloud Enterprise Performance Management (EPM) is a suite of cloud business processes for planning, budgeting, forecasting, financial close, reporting and enterprise data management. Its components include Planning, Financial Consolidation and Close, Account Reconciliation, Tax Reporting, Narrative Reporting, and Profitability and Cost Management. Finance teams use the suite to run planning cycles and the period-end close in one connected environment. The service is delivered as a subscription, in a Standard or an Enterprise edition, with Smart View as the Microsoft Office interface and EPM Automate for command-line automation.
Oracle is headquartered in Austin, Texas, so the service falls under US law, including the CLOUD Act. EPM Cloud runs on Oracle Cloud Infrastructure; Oracle's documentation lists several European regions, including Frankfurt, Amsterdam, Paris, Madrid and Stockholm, alongside US regions. The two regions of the Oracle EU Sovereign Cloud, Frankfurt and Madrid, appear in the same overview. The software is proprietary. European organisations should check which region and which cloud model their contract specifies.