Oracle Cloud Enterprise Performance Management (EPM) Narrative Reporting - Disclosure Management Statement of Direction
(Doc ID 2762013.1)
Last updated on MARCH 31, 2021
Applies to:Oracle Enterprise Performance Reporting Cloud Service
Information in this document applies to any platform.
This document provides an overview of the strategic plans and future direction of the Disclosure Management functionality in Oracle Enterprise Performance Management Enterprise Cloud Service Narrative Reporting and Disclosure Management for Enterprise Performance Reporting Cloud Service Option.
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This document is for informational purposes only and is intended solely to assist you in planning for the implementation and upgrade of the product features described. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described in this document remains at the sole discretion of Oracle.
Statement of Direction:
Narrative Reporting and Enterprise Performance Reporting are Oracle Cloud SaaS solutions for management and narrative reporting. They provide a secure, collaborative, and process driven approach for defining, authoring, reviewing and publishing financial and management report packages. Specifically, Disclosure Management helps you create and graphically edit the Extensible Business Reporting Language (XBRL) tagged submissions to a regulatory agency, for example, a 10K or 10Q submitted to the SEC. While initially mandated to only a handful of jurisdictions and their associated formats, over time, regulatory bodies requiring “mark-up” language reporting has greatly expanded, introducing a host of complex formats, taxonomies and mandates. Since legal responsibility ultimately rests on the filers, filing organizations and the overall market have moved beyond software-only solutions for disclosure management.
Market demand is for a high-touch support model that includes expert-XBRL support and consultative services that extend beyond software capabilities and the initial software implementation and continues through each reporting period. In response to this need, Oracle has made the decision to end future investments in Disclosure Management. Oracle will continue to provide product support to existing Disclosure Management customers through the end of their subscription term. Oracle’s strategic direction is to align with service providers that can provide customers with the dedicated subject matter expertise and full service offering that is coupled with a mature and successful cloud SaaS offering.
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