If your business is still running Oracle/Hyperion on-prem, there’s an urgent task you need to prioritize before the end of the year: applying Patch .20, which goes live in January 2025. This isn’t just another update; it’s a critical lifeline for your system’s performance, security, and compliance in the coming year.
Here’s why this patch matters and what you need to do now to avoid costly disruptions.
Why Patch .20 Is a Big Deal:
Oracle’s .20 patch is designed to address several pressing challenges that on-prem users face:
Enhanced Security: Protect your system against the latest cyber threats that could compromise your data or operations.
System Reliability: Eliminate vulnerabilities and bugs that could lead to unexpected downtime—especially during critical periods like year-end close.
Improved Performance: Optimize your system for better speed, scalability, and resource management.
Without this patch, your Hyperion system will be left exposed, potentially leading to breaches, inefficiencies, and even non-compliance with regulatory requirements.
What Happens If You Don’t Act?
Failing to apply this patch isn’t just a minor oversight; it’s a business risk. Here’s what’s at stake:
1. Data Breaches: Unpatched systems are prime targets for hackers, and a single breach could cost you millions.
2. Downtime During Peak Periods: A system crash at the wrong moment—like during financial close—could halt operations and damage your reputation.
3. Regulatory Compliance Risks: Outdated software can leave you vulnerable to audit penalties and legal repercussions.
How to Prepare for Patch .20
Follow these steps to ensure your systems are ready:
1. Assess Your Current Environment: Identify dependencies, customizations, and any potential risks related to the update.
2. Schedule Maintenance Time: Applying the patch will require planned downtime—coordinate with your teams to minimize disruption.
3. Test in a Staging Environment: Don’t apply the patch directly to production. Test it in a sandbox to verify compatibility and address issues proactively.
4. Engage Experts: If your internal resources are stretched thin, work with a managed services provider to ensure a seamless update.
Considering the Cloud? Now’s the Time
Patch .20 is a necessary update, but it’s also a reminder of the increasing complexity of maintaining on-prem systems. Migrating to Oracle EPM Cloud eliminates the need for manual patching, delivering automatic updates, enhanced security, and greater scalability.
If the January patch feels like another band-aid for your aging system, it might be time to consider the long-term benefits of a cloud solution.
We’re Here to Help
Applying critical updates like Patch .20 can be daunting, but you don’t have to go it alone. Our team specializes in:
Patch Implementation: Smooth, secure updates with minimal disruption.
On-Prem System Optimization: Ensuring your system is running at peak performance.
Cloud Migration Planning: Helping you transition to Oracle EPM Cloud for a future-proof solution.
Don’t Wait—Take Action Today
The January 2025 deadline for Patch .20 is fast approaching. Delaying your update could leave your business vulnerable at the worst possible time.
Contact us today to ensure your Oracle/Hyperion system is ready for the future.
The clock is ticking—don’t let your system fall behind!