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Oracle strengthens EPM Cloud adoption with a new toolkit for Centers of Excellence.
22 April 2025
Oracle announces a strategic update to its EPM Cloud programme with the introduction of new resources designed to support Centers of Excellence (CoEs). The objective is to accelerate adoption, structure responsibilities and maximise the business value of EPM projects.
As more and more organisations migrate their planning, consolidation or reporting processes to integrated cloud environments, Oracle is emphasising the importance of structured governance through Centers of Excellence (CoEs). As part of its April 2025 EPM Cloud update, the vendor is enhancing its offering with practical tools, proven methodologies and educational resources to guide the creation and effective management of a CoE.
The RACI model at the heart of the approach
One of the key new features is the integration of the RACI model into project management tools. This well-known project management approach helps clarify roles and responsibilities:
Responsible: who performs the task
Accountable: who is answerable for it
Consulted: who provides input or expertise
Informed: who is kept up to date
Applying this model to an EPM project streamlines communication, avoids duplication and improves workload allocation across IT, finance and business teams. Oracle now provides a ready-to-use RACI template that can be used directly to establish a CoE.
Why establish an EPM Center of Excellence?
A Center of Excellence (or CoE) is a governance and best-practice framework designed to:
Ensure the long-term adoption of the EPM Cloud platform
Manage developments and change requests (change management)
Centralise functional and technical expertise
Improve the quality and consistency of deliverables
Bring business and IT teams together around a shared performance vision
This approach is strongly recommended for multi-team, multi-site or transforming organisations.
Practical resources available
Oracle provides a range of free resources to support businesses:
EPM CoE checklist – An operational document for assessing the maturity of your Center of Excellence or starting one.
Dedicated Oracle CoE EPM page – It brings together all the documents, guides, blogs and videos needed to structure a CoE.
Educational videos:
EPM CoE Overview – An overview of the CoE concept in the Oracle environment
How to Build an EPM CoE – Creation steps and governance
On-demand webinars on Cloud Customer Connect:
Plan for Success with an EPM Center of Excellence
Build and Manage a Center of Excellence for Oracle Cloud EPM
How an EPM CoE Helps Bridge Finance and Sustainability
EPM CoE – Driving Change Management and Transformation
This content, designed for performance management leaders, CFOs and IT/Finance project managers, addresses the operational, human and strategic aspects of a Center of Excellence.
To discover all the tools and begin structuring your own Center of Excellence, visit the Oracle CoE EPM Page.
source: docs.oracle.com/en/cloud/saas/readiness/epm/2025/epm-apr25
