Oracle eyes healthy growth from recently-launched EPM system

US-based software major, Oracle, expects a good growth from its recently-launched Enterprise Performance Management (EPM) in the Indian market over the next two years, a senior company official said.        

"We are looking at an aggressive growth from our EPM-business intelligence (BI) solutions," Oracle India's General Manager for EPM and Business Intelligence, George Varghese, told PTI here.        

Most of this growth would come from high-end companies, Varghese said, adding, "These companies have already achieved operational efficiency and are now moving towards achieving management excellence."        

Termed as the industry's most comprehensive and fully-integrated suite of EPM solutuions, the system helps organisations extend operational excellence and achieve management excellence.        

Telecom, financial services (mainly banking institutions), retail and manufacturing are some of the major sectors from where growth is expected, Varghese said.        

He, however, declined to give any numbers or the percentage of growth that Oracle was targetting.        

Most of the small and medium size enterprises are still trying to achieve operational excellence through Enterprise Resource Planning (ERP) and, therefore, much of the growth was expected to come from the higher-end segment, Varghese said.        
Currently, some 800 odd companies were using Oracle EPM system globally, he said.   
     
The Vedanta group is an Indian conglomerate which is using some components of EPM suite, he said.