What users are saying about
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Top Rated
149 Ratings
1 Ratings

Oracle Cloud EPM

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Top Rated
149 Ratings
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Score 8.2 out of 100
1 Ratings
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Score 8 out of 100

Likelihood to Recommend

Oracle Cloud EPM

It is well suited in a geographically distributed environment where you have various key participants in multiple time zones providing input and necessary explanations on performance and measured successIt is less appropriate where you have a single office environment with a single finance department working together.It is also less suited when the GL is NOT an Oracle product and the interface between the GL and the reporting software needs to be implemented with utmost care and handling.
Vishal Shivdasani | TrustRadius Reviewer

ReconNET

It is well suited in scenarios where customers have tremendous volumes of data to deal with and where the reconciliation of the information is of paramount importance to businesses and stakeholders. We use it primarily for balance sheet reconciliations that come with features, such as exception management, which is great for focusing on the few that matter the most at the end of the day.
Rajib Mukherjee | TrustRadius Reviewer

Feature Rating Comparison

BI Standard Reporting

Oracle Cloud EPM
6.4
ReconNET
7.7
Pixel Perfect reports
Oracle Cloud EPM
8.1
ReconNET
7.0
Customizable dashboards
Oracle Cloud EPM
5.6
ReconNET
8.0
Report Formatting Templates
Oracle Cloud EPM
5.7
ReconNET
8.0

Ad-hoc Reporting

Oracle Cloud EPM
7.9
ReconNET
7.5
Drill-down analysis
Oracle Cloud EPM
8.0
ReconNET
7.0
Formatting capabilities
Oracle Cloud EPM
7.5
ReconNET
8.0
Report sharing and collaboration
Oracle Cloud EPM
8.1
ReconNET
8.0
Integration with R or other statistical packages
Oracle Cloud EPM
ReconNET
7.0

Report Output and Scheduling

Oracle Cloud EPM
8.2
ReconNET
8.3
Publish to Web
Oracle Cloud EPM
8.0
ReconNET
8.0
Publish to PDF
Oracle Cloud EPM
8.8
ReconNET
8.0
Report Versioning
Oracle Cloud EPM
7.9
ReconNET
9.0
Report Delivery Scheduling
Oracle Cloud EPM
8.1
ReconNET
8.0

Data Discovery and Visualization

Oracle Cloud EPM
5.7
ReconNET
7.7
Pre-built visualization formats (heatmaps, scatter plots etc.)
Oracle Cloud EPM
5.8
ReconNET
8.0
Location Analytics / Geographic Visualization
Oracle Cloud EPM
6.0
ReconNET
8.0
Predictive Analytics
Oracle Cloud EPM
5.4
ReconNET
7.0

Access Control and Security

Oracle Cloud EPM
8.6
ReconNET
7.8
Multi-User Support (named login)
Oracle Cloud EPM
8.5
ReconNET
8.0
Role-Based Security Model
Oracle Cloud EPM
8.4
ReconNET
8.0
Multiple Access Permission Levels (Create, Read, Delete)
Oracle Cloud EPM
8.7
ReconNET
7.0
Single Sign-On (SSO)
Oracle Cloud EPM
8.7
ReconNET
8.0

Mobile Capabilities

Oracle Cloud EPM
7.2
ReconNET
7.8
Responsive Design for Web Access
Oracle Cloud EPM
6.2
ReconNET
8.0
Dedicated Android Application
Oracle Cloud EPM
8.2
ReconNET
8.0
Dedicated iOS Application
Oracle Cloud EPM
ReconNET
7.0
Dashboard / Report / Visualization Interactivity on Mobile
Oracle Cloud EPM
ReconNET
8.0

Budgeting, Planning, and Forecasting

Oracle Cloud EPM
8.4
ReconNET
8.0
Long-term financial planning
Oracle Cloud EPM
8.4
ReconNET
7.0
Financial budgeting
Oracle Cloud EPM
8.5
ReconNET
8.0
Forecasting
Oracle Cloud EPM
8.2
ReconNET
8.0
Scenario modeling
Oracle Cloud EPM
8.3
ReconNET
8.0
Management reporting
Oracle Cloud EPM
8.5
ReconNET
9.0

Consolidation and Close

Oracle Cloud EPM
7.7
ReconNET
8.3
Financial data consolidation
Oracle Cloud EPM
7.9
ReconNET
8.0
Journal entries and reports
Oracle Cloud EPM
7.4
ReconNET
9.0
Multi-currency management
Oracle Cloud EPM
7.6
ReconNET
9.0
Intercompany Eliminations
Oracle Cloud EPM
7.8
ReconNET
8.0
Minority Ownership
Oracle Cloud EPM
7.5
ReconNET
7.0
Local and consolidated reporting
Oracle Cloud EPM
7.4
ReconNET
8.0
Detailed Audit Trails
Oracle Cloud EPM
8.1
ReconNET
9.0

Financial Reporting and Compliance

Oracle Cloud EPM
8.0
ReconNET
7.4
Financial Statement Reporting
Oracle Cloud EPM
8.4
ReconNET
7.0
Management Reporting
Oracle Cloud EPM
8.4
ReconNET
8.0
Excel-based Reporting
Oracle Cloud EPM
8.1
ReconNET
8.0
Automated board and financial reporting
Oracle Cloud EPM
7.9
ReconNET
7.0
XBRL support for regulatory filing
Oracle Cloud EPM
7.2
ReconNET
7.0

Analytics

Oracle Cloud EPM
7.2
ReconNET
7.8
Personalized dashboards
Oracle Cloud EPM
8.0
ReconNET
7.0
Color-coded scorecards
Oracle Cloud EPM
6.8
ReconNET
8.0
KPIs
Oracle Cloud EPM
7.3
ReconNET
8.0
Cost and profitability analysis
Oracle Cloud EPM
6.0
ReconNET
8.0
Key Performance Indicator setting
Oracle Cloud EPM
7.3
ReconNET
8.0
Benchmarking with external data
Oracle Cloud EPM
7.6
ReconNET
8.0

Integration

Oracle Cloud EPM
7.9
ReconNET
7.7
Flat file integration
Oracle Cloud EPM
7.9
ReconNET
8.0
Excel data integration
Oracle Cloud EPM
8.5
ReconNET
8.0
Direct links to 3rd-party data sources
Oracle Cloud EPM
7.3
ReconNET
7.0

Pros

Oracle Cloud EPM

  • Account Reconciliation CLoud Services provides tight integration with Oracle R12 and 11i . Provides drillback capability. It is flexible and provides rich functionality to users.
  • We have implemented ARCS on cloud and migrated planning and budgeting from On premise to PBCS and EPBCS. Functionality is onpar with onpremise. Provides regular updates monthly
  • We don't need to upgrades every year and saved a lot on Hardware.
Raju Aenike | TrustRadius Reviewer

ReconNET

  • The ReconNET tool has a great audit-trial system that captures every detail in the life of a record and helps eliminate any manual intervention. It's fully SOX Compliant, and helps track any changes in the data from an audit perspective.
  • The automation helps us focus entirely on the exceptions, which helps eliminate attention from the mundane tasks to areas with potential problems.
  • Exception management and automated posting to the GL are great features that help streamline many of the routine, mundane, and yet time-consuming activities, freeing up time to focus on issues at hand.
Rajib Mukherjee | TrustRadius Reviewer

Cons

Oracle Cloud EPM

  • The limitation of constrained out of the box dimensions that requires ripping the initial implementation to add the new dimensions is a major drawback.
  • Smartview interface is cumbersome for many.
  • The only financial adapter is available for integration for other modules we have to go with file-based uploads which is cumbersome and not real-time.
  • It is very costly in terms of licensing unlike other Oracle products.
Anonymous | TrustRadius Reviewer

ReconNET

  • It takes a little bit of practice to get the hang of the tool to set up the reconciliations, but its not necessarily a drawback, since this applies to every other automation tool out there. However, once someone gets the hang of it, it's pretty user-friendly to run it on a daily basis.
  • Since automatons can only be built on a set logic, at times certain items that show up as exceptions are not truly a cause of concern. However, since it's always better to flag too many potential exceptions than too few, it's not a true drawback.
  • It has quite a few features, such as multi-currency reconciliation, bank deposits, disbursements, automated postings to G/L, etc. which could be of great value for various requirements for clients. It is especially useful where volumes of data are too large to deal with. The uses might not be phenomenal for low volume reconciliation requirements.
Rajib Mukherjee | TrustRadius Reviewer

Likelihood to Renew

Oracle Cloud EPM

Oracle Cloud EPM 9.0
Based on 3 answers
We have a pretty good userbase who are at the high level who gained value from this tool. Discontinuing this tool is prone to impact their day to day operations. Also the data in this tool cannot alter the source, which maintains the integrity of this tool. Smartview is a cool addition that gained lot of traction as well.
Anonymous | TrustRadius Reviewer

ReconNET

No score
No answers yet
No answers on this topic

Usability

Oracle Cloud EPM

Oracle Cloud EPM 8.0
Based on 1 answer
EPM usability is good in some modules but needs some improvement in others
Aissam Drai | TrustRadius Reviewer

ReconNET

No score
No answers yet
No answers on this topic

Reliability and Availability

Oracle Cloud EPM

Oracle Cloud EPM 10.0
Based on 2 answers
EPM has been so far available all the time
Aissam Drai | TrustRadius Reviewer

ReconNET

No score
No answers yet
No answers on this topic

Performance

Oracle Cloud EPM

Oracle Cloud EPM 9.0
Based on 2 answers
The product performance is so far very good
Aissam Drai | TrustRadius Reviewer

ReconNET

No score
No answers yet
No answers on this topic

Support Rating

Oracle Cloud EPM

Oracle Cloud EPM 7.0
Based on 6 answers
Support from our implementation partner is a 10/10, but support from Oracle is awful. Case in point: recently over a 2-day period, there were a series of intermittent outages. Oracle actually asked US for the outage time-stamps. I would have thought that, since we were paying them, they should probably be able to tell us!
Greg Grey | TrustRadius Reviewer

ReconNET

No score
No answers yet
No answers on this topic

Implementation Rating

Oracle Cloud EPM

Oracle Cloud EPM 8.1
Based on 32 answers
I suggest doubling the time to implement from the initial quote you get from the Sales team. That's always been the case for me for multiple EPMs now. The out-of-the-box functionality of Oracle Planning and Budgeting Cloud is pretty robust so I appreciate that and it really helped us get the ball rolling quickly.
Anonymous | TrustRadius Reviewer

ReconNET

No score
No answers yet
No answers on this topic

Alternatives Considered

Oracle Cloud EPM

Oracle Planning and Budgeting Cloud fared very well against Adaptive, Anaplan, and Host Analytics. We ultimately decided on Oracle due to its reputation and strength of existing customers. We are happy with our decision.
Anonymous | TrustRadius Reviewer

ReconNET

Each automation tool has its own set of features, but the fact that ReconNET is built for reconciliation purposes sets it apart from the rest. The ease of usage once the user gets a hang of it, the extensive audit trial, and the ability to focus on exceptions rather than the necessity to scroll through a bulk of irrelevant information, all provide the key-user with the critical decision-making ability.
Rajib Mukherjee | TrustRadius Reviewer

Scalability

Oracle Cloud EPM

Oracle Cloud EPM 8.0
Based on 1 answer
The product is scalable
Aissam Drai | TrustRadius Reviewer

ReconNET

No score
No answers yet
No answers on this topic

Return on Investment

Oracle Cloud EPM

  • Significantly reduced the amount of money we spent for the maintenance of in-house hardware.
  • We now need less employees to manage the configurations of Oracle EPM Cloud.
  • There have been many time savings as a whole to apply to more productive causes.
Anonymous | TrustRadius Reviewer

ReconNET

  • It definitely has a positive impact on ROI with freeing up resource availability and usage on the most pressing tasks at hand. For example, focusing on exceptions rather than reconciling from scratch.
  • Another positive impact on the ROI can be realized with the detailed audit trials on sensitive information.
  • Strong Financial Reporting is the backbone of any industry, regardless of the sector it operates in, and having an automated reconciliation tool such as ReconNET helps you attain the key objective of integrity of information in a timely fashion, to support the close process.
Rajib Mukherjee | TrustRadius Reviewer

Screenshots

Pricing Details

Oracle Cloud EPM

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
No

ReconNET

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Rating Summary

Likelihood to Recommend

Oracle Cloud EPM
8.3
ReconNET
8.0

Likelihood to Renew

Oracle Cloud EPM
9.0
ReconNET

Usability

Oracle Cloud EPM
8.0
ReconNET

Reliability and Availability

Oracle Cloud EPM
10.0
ReconNET

Performance

Oracle Cloud EPM
9.0
ReconNET

Support Rating

Oracle Cloud EPM
7.0
ReconNET

Implementation Rating

Oracle Cloud EPM
8.1
ReconNET

Scalability

Oracle Cloud EPM
8.0
ReconNET

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