What users are saying about
<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener noreferrer'>Customer Verified: Read more.</a>
Top Rated
149 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener noreferrer'>Customer Verified: Read more.</a>
Top Rated
289 Ratings

Oracle Cloud EPM

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener noreferrer'>Customer Verified: Read more.</a>
Top Rated
149 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 8.2 out of 100

Xero

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener noreferrer'>Customer Verified: Read more.</a>
Top Rated
289 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 8.7 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

Xero

Xero is great for small businesses who don't need a lot of complex features, or who will be managing accounting internally. It has robust integration capability that can grow with you (more so than, say FreshBooks), but won't break the bank. It's not as well suited for larger organizations or those with more complex reporting needs. For example, I acquired another business several years ago, and needed to pull quarterly reports of income from specific clients in order to calculate my pay-out for that quarter. I did that in QBO fairly easily, and had a saved template that I could use to generate it. Luckily I made the switch to Xero after the final pay-out because it would be very difficult to generate such a report now, since there aren't any report filters where you can select only specific customers from your contact list. Xero does support customized report templates that can be saved, the filtering options are just very limited. Essentially, you have to export all of the data to a CSV and then manipulate the spreadsheet locally.
Jennifer Hess | TrustRadius Reviewer

Feature Rating Comparison

BI Standard Reporting

Oracle Cloud EPM
6.4
Xero
Pixel Perfect reports
Oracle Cloud EPM
8.1
Xero
Customizable dashboards
Oracle Cloud EPM
5.6
Xero
Report Formatting Templates
Oracle Cloud EPM
5.7
Xero

Ad-hoc Reporting

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

Report Output and Scheduling

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

Data Discovery and Visualization

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

Access Control and Security

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

Mobile Capabilities

Oracle Cloud EPM
7.2
Xero
Responsive Design for Web Access
Oracle Cloud EPM
6.2
Xero
Dedicated Android Application
Oracle Cloud EPM
8.2
Xero

Budgeting, Planning, and Forecasting

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

Consolidation and Close

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

Financial Reporting and Compliance

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

Analytics

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

Integration

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

Payroll Management

Oracle Cloud EPM
Xero
6.9
Pay calculation
Oracle Cloud EPM
Xero
8.6
Benefit plan administration
Oracle Cloud EPM
Xero
6.4
Direct deposit files
Oracle Cloud EPM
Xero
7.1
Salary revision and increment management
Oracle Cloud EPM
Xero
5.7
Reimbursement management
Oracle Cloud EPM
Xero
6.7

Customization

Oracle Cloud EPM
Xero
7.5
API for custom integration
Oracle Cloud EPM
Xero
7.2
Plug-ins
Oracle Cloud EPM
Xero
7.8

Security

Oracle Cloud EPM
Xero
8.6
Single sign-on capability
Oracle Cloud EPM
Xero
8.4
Role-based user permissions
Oracle Cloud EPM
Xero
8.9

Reporting & Analytics

Oracle Cloud EPM
Xero
8.3
Dashboards
Oracle Cloud EPM
Xero
8.5
Standard reports
Oracle Cloud EPM
Xero
8.6
Custom reports
Oracle Cloud EPM
Xero
7.7

General Ledger and Configurable Accounting

Oracle Cloud EPM
Xero
8.1
Accounts payable
Oracle Cloud EPM
Xero
8.9
Accounts receivable
Oracle Cloud EPM
Xero
8.8
Cash management
Oracle Cloud EPM
Xero
8.2
Bank reconciliation
Oracle Cloud EPM
Xero
8.7
Expense management
Oracle Cloud EPM
Xero
8.6
Time tracking
Oracle Cloud EPM
Xero
6.2
Fixed asset management
Oracle Cloud EPM
Xero
8.6
Multi-currency support
Oracle Cloud EPM
Xero
8.5
Multi-division support
Oracle Cloud EPM
Xero
7.8
Regulations compliance
Oracle Cloud EPM
Xero
8.5
Electronic tax filing
Oracle Cloud EPM
Xero
7.5
Self-service portal
Oracle Cloud EPM
Xero
8.4
Global Financial Support
Oracle Cloud EPM
Xero
6.9
Primary and Secondary Ledgers
Oracle Cloud EPM
Xero
8.6
Intercompany Accounting
Oracle Cloud EPM
Xero
8.2
Localizations
Oracle Cloud EPM
Xero
6.9
Journals and Reconciliations
Oracle Cloud EPM
Xero
8.8
Enterprise Accounting
Oracle Cloud EPM
Xero
7.9
Configurable Accounting
Oracle Cloud EPM
Xero
8.7
Centralized Rules Framework
Oracle Cloud EPM
Xero
7.4
Standardized Processes
Oracle Cloud EPM
Xero
8.1

Inventory Management

Oracle Cloud EPM
Xero
6.7
Inventory tracking
Oracle Cloud EPM
Xero
7.1
Automatic reordering
Oracle Cloud EPM
Xero
7.1
Location management
Oracle Cloud EPM
Xero
7.1
Manufacturing module
Oracle Cloud EPM
Xero
5.6

Order Management

Oracle Cloud EPM
Xero
8.3
Pricing
Oracle Cloud EPM
Xero
7.6
Order entry
Oracle Cloud EPM
Xero
8.8
Credit card processing
Oracle Cloud EPM
Xero
8.3
Cost of goods sold
Oracle Cloud EPM
Xero
8.3
Order Orchestration
Oracle Cloud EPM
Xero
8.6
End-to-end order visibility
Oracle Cloud EPM
Xero
8.3
Order exception Resolution
Oracle Cloud EPM
Xero
8.2

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

Xero

  • Xero makes reconciliation incredibly easy. It remembers how we reconciled a particular transaction last time and you can set up rules to auto code transactions so all you need to do is press OK. This makes keeping track of sales tax pretty simple too.
  • Reporting is a breeze, as long as you code all your transactions correctly it takes seconds to bring up a balance sheet, Profit & Loss and many other types of reports. It also allows for all kinds of custom layouts and exports.
  • Once your templates are set up with all the relevant information, sending invoices is simple and fast. It's also easy to track different line items on your invoice, say your keeping track of a project which is only part of the full invoice and is necessarily a specific line item, tracking codes make that very easy.
Malcolm Colman-Shearer | 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

Xero

  • Using an accounting system in a web browser versus a standalone app can be a little clunky when it comes to navigation or having multiple windows open at once. This is more a function of using a web browser then a knock against xero itself. For us this is just a minor annoyance having come from a desktop based system before.
Patrick Cranston | 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

Xero

Xero 5.4
Based on 26 answers
In addition to the matters covered in this review, my reason for renewing this product is that Xero's functionality and the constant updates that the company provides, makes the software even more business friendly. The software therefore builds a brand loyalty among customers.
Sarang Mandke | TrustRadius Reviewer

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

Xero

Xero 8.4
Based on 20 answers
It simply is incredibly usable with excellent drill down features. The dashboard is highly configurable. Transactions are now even easier to find with the new Global Search feature. Documents can be attached to transactions. We use Bills Entryless to transfer documents to Xero without keying the data. Visibility to reports (the old style takes seconds). The newer reports are more RAM hungry so there can be a 10 second or so lag while the report is compiled. Usually old style reports deliver what our clients need in a flash
John Cotter | TrustRadius Reviewer

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

Xero

Xero 9.0
Based on 10 answers
We have been actively using and 100% Xero based for our ecommerce accounting practice for over 4 years. There has on been one real outage for more than 5 minutes. Xero was open and transparent about the outage, what they were doing to resolve the issue, and provided 15 minute updates. Showing how they care about their customers and partners. Plus, showing that their customers care too, were understanding, and went surfing or in our case took a nap. Couldn't run our business without Xero as a partner.
Scott Scharf | TrustRadius Reviewer

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

Xero

Xero 10.0
Based on 8 answers
In 3 years of use, I've only broken the system once. And that was for 30 seconds.
Dan Schmidt, CPA | TrustRadius Reviewer

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

Xero

Xero 1.2
Based on 15 answers
Support has always been responsive and quickly resolved any questions I have. The only reason I don't give full points is because there's no way to call for immediate help. I'm fine with this because I don't need it badly enough to pay for it
Dave Olsen | TrustRadius Reviewer

Online Training

Oracle Cloud EPM

No score
No answers yet
No answers on this topic

Xero

Xero 10.0
Based on 5 answers
All of Xero's training is online and available for anyone (business owner or accountants) to learn and become experts in their system. There is a range of content from product training to real world webinars from their partners. Xero is beautiful accounting software and their training is the same.
Scott Scharf | TrustRadius Reviewer

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

Xero

Xero 9.5
Based on 9 answers
If it can be done, time the implementation near a new fiscal year so you can start clean. Otherwise, you have to go back and do historical data from the beginning of the fiscal year, which can be brain draining.
Andre Yeu | TrustRadius Reviewer

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

Xero

Xero was the easiest to use and most cost effective of all the solutions we evaluated during the procurement process. We spoke to other similar sized businesses and they highly recommended using Xero. We liked the fact it's a cloud based system meaning we can access the system and data remotely. It integrates with our recurring billing platform and our bank.
Graham Green | TrustRadius Reviewer

Scalability

Oracle Cloud EPM

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

Xero

Xero 10.0
Based on 6 answers
After 4 years I cannot remember a single moment of downtime. Outstanding reliability!
Doug Fish | TrustRadius Reviewer

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

Xero

  • Demand for Xero trained accountants and bookkeepers has been key to our growth. Our business was started on Xero and has benefited greatly from interest in Xero from customers dissatisfied with QuickBooks.
  • The practice management tools provided by Xero make it easy to delegate and restrict access to client files to only the staff who need to have access. This increases efficiency and security.
  • Xero's support for accounting firms is great. We have a dedicated account rep who can step in and get problems solved for us very quickly.
Blake Oliver | 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

Xero

General

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

Rating Summary

Likelihood to Recommend

Oracle Cloud EPM
8.3
Xero
8.7

Likelihood to Renew

Oracle Cloud EPM
9.0
Xero
5.4

Usability

Oracle Cloud EPM
8.0
Xero
8.4

Reliability and Availability

Oracle Cloud EPM
10.0
Xero
9.0

Performance

Oracle Cloud EPM
9.0
Xero
10.0

Support Rating

Oracle Cloud EPM
7.0
Xero
1.2

Online Training

Oracle Cloud EPM
Xero
10.0

Implementation Rating

Oracle Cloud EPM
8.1
Xero
9.5

Scalability

Oracle Cloud EPM
8.0
Xero
10.0

Add comparison