Oracle Database, currently in edition 23ai, is a converged, multimodel database management system. It is designed to simplify development for AI, microservices, graph, document, spatial, and relational applications.
Oracle Fusion Cloud Enterprise Performance Management (EPM) is a solution that helps users model and plan across finance, HR, supply chain, and sales, streamline the financial close process.
Pricing per user varies by component within the Oracle EPM Cloud solution. Please see pricing information for the EPM Cloud components on cloud.oracle.com or contact Oracle Sales at +1.800.633.0738.
I believe Oracle Database is still the best RDBMS database which is the database to consider for OLTP applications and for Adhoc requests. They are good in Datawarehousing in certain aspects but not the best. Oracle is also a great database for scaling up with their Clusterware solution which also makes the database highly available with services moving to the live instance without much trouble.
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 success It 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.
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.
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.
There is a lot of sunk cost in a product like Oracle 12c. It is doing a great job, it would not provide us much benefit to switch to another product even if it did the same thing due to the work involved in making such a switch. It would not be cost effective.
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.
Many of the powerful options can be auto-configured but there are still many things to take into account at the moment of installing and configuring an Oracle Database, compared with SQL Server or other databases. At the same time, that extra complexity allows for detailed configuration and guarantees performance, scalability, availability and security.
It produces consolidated multi currency reports faster and more accurately whilst adding additional pivotal functionality. The Smartview reporting is a key for us and a flagstone of the application
1. I have very good experience with Oracle Database support team. Oracle support team has pool of talented Oracle Analyst resources in different regions. To name a few regions - EMEA, Asia, USA(EST, MST, PST), Australia. Their support staffs are very supportive, well trained, and customer focused. Whenever I open Oracle Sev1 SR(service request), I always get prompt update on my case timely. 2. Oracle has zoom call and chat session option linked to Oracle SR. Whenever you are in Oracle portal - you can chat with the Oracle Analyst who is working on your case. You can request for Oracle zoom call thru which you can share the your problem server screen in no time. This is very nice as it saves lot of time and energy in case you have to follow up with oracle support for your case. 3.Oracle has excellent knowledge base in which all the customer databases critical problems and their solutions are well documented. It is very easy to follow without consulting to support team at first.
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!
Overall the implementation went very well and after that everything came out as expected - in terms of performance and scalability. People should always install and upgrade a stable version for production with the latest patch set updates, test properly as much as possible, and should have a backup plan if anything unexpected happens
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.
Oracle is more of an enterprise-level database than Access and SAP Adaptive Server Enterprise isn't getting developed much (some people wonder how close it is to end of life) but SQL Server is miles ahead of Oracle IMO in terms of user experience and comparable in terms of performance AFAIK. As stated, a vendor forced our hand to use Oracle so we did not have a choice. If you are looking for help with an issue you are having, there are lots of SQL Server articles, etc. on the web and the community of SQL Server developers and DBA's is very strong and supportive. Oracle's help on the web is much more limited and often has an attitude that goes with it of superiority and lacking in compassion, IMO. For instance, check out the Ask Tom Oracle blog - a world of difference. If you choose Oracle, go into it with eyes wide open.
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.
Oracle Database 12c has had a very positive impact on our ability to build strong and robust custom applications in house without the need to come up with our own methods of data storage and management.
Oracle Database 12c has the strongest user interface of any database I have worked with and continuously is improving its strength with the addition of support for JSON and XML type objects in the database.
Oracle Database 12c is sometimes very heavy and DBA intensive, but the benefits far outweigh the costs, which we need to spend on DBA support for enabling security and access features.
