What users are saying about
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Top Rated
149 Ratings

Oracle Cloud EPM

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Top Rated
149 Ratings
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Score 8.2 out of 100
26 Ratings
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Score 7.7 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

Workday Financial Management

Workday is a very innovative platform that offers plenty of options and resources to its users in their daily lives. I have used Workday in three of the organizations I have worked in the past for. I am also a current user of Workday through my employer. Workday is best suitable for any retail or customer-facing environments. More and more companies are using Workday to even have strong candidates apply for a job. This helps them navigate their way through a platform that they will be using in the near future.
Zahra Najib | TrustRadius Reviewer

Feature Rating Comparison

BI Standard Reporting

Oracle Cloud EPM
6.4
Workday Financial Management
Pixel Perfect reports
Oracle Cloud EPM
8.1
Workday Financial Management
Customizable dashboards
Oracle Cloud EPM
5.6
Workday Financial Management
Report Formatting Templates
Oracle Cloud EPM
5.7
Workday Financial Management

Ad-hoc Reporting

Oracle Cloud EPM
7.9
Workday Financial Management
Drill-down analysis
Oracle Cloud EPM
8.0
Workday Financial Management
Formatting capabilities
Oracle Cloud EPM
7.5
Workday Financial Management
Report sharing and collaboration
Oracle Cloud EPM
8.1
Workday Financial Management

Report Output and Scheduling

Oracle Cloud EPM
8.2
Workday Financial Management
Publish to Web
Oracle Cloud EPM
8.0
Workday Financial Management
Publish to PDF
Oracle Cloud EPM
8.8
Workday Financial Management
Report Versioning
Oracle Cloud EPM
7.9
Workday Financial Management
Report Delivery Scheduling
Oracle Cloud EPM
8.1
Workday Financial Management

Data Discovery and Visualization

Oracle Cloud EPM
5.7
Workday Financial Management
Pre-built visualization formats (heatmaps, scatter plots etc.)
Oracle Cloud EPM
5.8
Workday Financial Management
Location Analytics / Geographic Visualization
Oracle Cloud EPM
6.0
Workday Financial Management
Predictive Analytics
Oracle Cloud EPM
5.4
Workday Financial Management

Access Control and Security

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

Mobile Capabilities

Oracle Cloud EPM
7.2
Workday Financial Management
Responsive Design for Web Access
Oracle Cloud EPM
6.2
Workday Financial Management
Dedicated Android Application
Oracle Cloud EPM
8.2
Workday Financial Management

Budgeting, Planning, and Forecasting

Oracle Cloud EPM
8.4
Workday Financial Management
Long-term financial planning
Oracle Cloud EPM
8.4
Workday Financial Management
Financial budgeting
Oracle Cloud EPM
8.5
Workday Financial Management
Forecasting
Oracle Cloud EPM
8.2
Workday Financial Management
Scenario modeling
Oracle Cloud EPM
8.3
Workday Financial Management
Management reporting
Oracle Cloud EPM
8.5
Workday Financial Management

Consolidation and Close

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

Financial Reporting and Compliance

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

Analytics

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

Integration

Oracle Cloud EPM
7.9
Workday Financial Management
Flat file integration
Oracle Cloud EPM
7.9
Workday Financial Management
Excel data integration
Oracle Cloud EPM
8.6
Workday Financial Management
Direct links to 3rd-party data sources
Oracle Cloud EPM
7.3
Workday Financial Management

Payroll Management

Oracle Cloud EPM
Workday Financial Management
9.3
Pay calculation
Oracle Cloud EPM
Workday Financial Management
9.3
Benefit plan administration
Oracle Cloud EPM
Workday Financial Management
9.3
Direct deposit files
Oracle Cloud EPM
Workday Financial Management
9.3
Salary revision and increment management
Oracle Cloud EPM
Workday Financial Management
9.3
Reimbursement management
Oracle Cloud EPM
Workday Financial Management
9.3

Customization

Oracle Cloud EPM
Workday Financial Management
8.0
API for custom integration
Oracle Cloud EPM
Workday Financial Management
8.0
Plug-ins
Oracle Cloud EPM
Workday Financial Management
8.0

Security

Oracle Cloud EPM
Workday Financial Management
9.8
Single sign-on capability
Oracle Cloud EPM
Workday Financial Management
9.8
Role-based user permissions
Oracle Cloud EPM
Workday Financial Management
9.8

Reporting & Analytics

Oracle Cloud EPM
Workday Financial Management
9.4
Dashboards
Oracle Cloud EPM
Workday Financial Management
9.3
Standard reports
Oracle Cloud EPM
Workday Financial Management
9.5
Custom reports
Oracle Cloud EPM
Workday Financial Management
9.3

General Ledger and Configurable Accounting

Oracle Cloud EPM
Workday Financial Management
8.9
Accounts payable
Oracle Cloud EPM
Workday Financial Management
9.5
Accounts receivable
Oracle Cloud EPM
Workday Financial Management
9.5
Expense management
Oracle Cloud EPM
Workday Financial Management
8.0
Global Financial Support
Oracle Cloud EPM
Workday Financial Management
8.5
Primary and Secondary Ledgers
Oracle Cloud EPM
Workday Financial Management
8.0
Intercompany Accounting
Oracle Cloud EPM
Workday Financial Management
8.0
Localizations
Oracle Cloud EPM
Workday Financial Management
8.0
Journals and Reconciliations
Oracle Cloud EPM
Workday Financial Management
9.5
Configurable Accounting
Oracle Cloud EPM
Workday Financial Management
9.5
Centralized Rules Framework
Oracle Cloud EPM
Workday Financial Management
9.5
Standardized Processes
Oracle Cloud EPM
Workday Financial Management
9.5

Order Management

Oracle Cloud EPM
Workday Financial Management
10.0
Credit card processing
Oracle Cloud EPM
Workday Financial Management
10.0

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

Workday Financial Management

  • We specically wanted a cloud financial management system that we could use in China and communicate reports to the headquarters organization and roll-up reporting. It performs well.
  • It was reasonably priced since we are not a for-profit company and need the Workday flexibility for finance and accounting operations. Most of our requirements are met with this one system.
  • The system worked efficiently with the additional security we built on to keep confidential. Many reports are ready off-the-shelf or easy to develop, which is a strength.
Anonymous | 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

Workday Financial Management

  • We only used this system for a short time before switching over to new software, but nothing from my experience. There are a lot of great tools with Workday Financial Management, I'm sure our other departments could have made great use out of features like inventory, expenses, or procurement.
Anonymous | 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

Workday Financial Management

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

Workday Financial Management

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

Workday Financial Management

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

Workday Financial Management

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

Workday Financial Management

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

Workday Financial Management

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

Workday Financial Management

  • It is a simple and intuitive solution that can be customized for your specific needs.
  • It unifies HR and finance, giving you predictive analytics, real-time insights, and global visibility.
  • It offers a single version of the tool to meet the requirements of diverse companies.
  • It integrates seamlessly with a large number of business apps and systems.
Zahra Najib | TrustRadius Reviewer

Scalability

Oracle Cloud EPM

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

Workday Financial Management

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

Workday Financial Management

  • As a new starup affiliate five years ago, we did not have a huge budget. The ROI was met relatively quickly, no surprises here.
  • With minimal consulting assistance, this made the implementation cost reasonable, if any software implementation could be considered reasonable.
  • It was a risk to implement Workday Financial Management in one country but we did leverage it with HCM in the states.
Anonymous | 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

Workday Financial Management

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
Workday Financial Management
9.5

Likelihood to Renew

Oracle Cloud EPM
9.0
Workday Financial Management

Usability

Oracle Cloud EPM
8.0
Workday Financial Management

Reliability and Availability

Oracle Cloud EPM
10.0
Workday Financial Management

Performance

Oracle Cloud EPM
9.0
Workday Financial Management

Support Rating

Oracle Cloud EPM
7.0
Workday Financial Management

Implementation Rating

Oracle Cloud EPM
8.1
Workday Financial Management

Scalability

Oracle Cloud EPM
8.0
Workday Financial Management

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