One positive outcome emerging from the pandemic is the acceleration of cloud-based transformation strategies. The pandemic required drastic shifts in operations and even business models, which exposed major shortcomings in lengthy planning cycles and inefficient financial close processes. They simply couldn't keep up with the accelerated rate of change.

In our latest survey of enterprise finance and IT leaders, we wanted to find out how organizations with Oracle Fusion Cloud EPM benefited, as well as what challenged those who had not moved to a SaaS-based EPM. The results were conclusive: A modern EPM system added tremendous value in terms of speed, collaboration and agility, especially during the COVID-19 crisis. In fact, 85% of Cloud EPM customers polled in our "2020 Value of EPM" survey said that they received more value by being in the cloud during the pandemic."