Oracle Fusion Cloud Enterprise Performance Management vs. Workday Adaptive Planning

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.

Incentivized

If your company requires headcount and enterprise initiative planning across departments, it really helps to see the impacts at the company level. It is well-suited for conducting what-if scenarios and beneficial if you already have Workday HCM with position management. It may not be well-suited to companies that require custom dashboards.

Incentivized

• 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.

Incentivized

• Version Management. Adaptive lets us manage many versions/scenarios all in one platform with the robust ability to compare them to each other.
• Processing Performance. With the Elastic Hypercube technology that was implemented a few years back, we can watch changes flow through a complex web of formulas and arrive at an answer within seconds.
• Audit Trail. Our administrators love the ability to see and report on who made what changes when, which leads to real accountability within the organization.

Incentivized

• Our implementation consultant set up all the business rules for calculations to get us live, and we may have difficulty setting up new ones going forward. We feel like that we now need to hire someone who has the technical knowledge to help us to manage the system going forward.

Incentivized

• Dashboards are not the best for graphs/charts. However, I have heard of companies using the dashboards for forecasting/budgeting. I would like to see Workday Adaptive Planning demonstrate this part of the feature.
• Better security or locks to prevent deleting Actuals data - you are literally one click away from doing this.
• On the web-based reports, better functionality when needing to reverse the sign in calculations - right now it is only available for revenue vs. expenses.

Incentivized

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.

Incentivized

For one we're in way too deep to not move forward with Adaptive. We're integrated with Workday, we do a ton of reporting with Adaptive, and it's working very well for planning and forecasting. No reason to look back or change course.

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

Incentivized

It is overwhelming at first, but once you really get to know it, you realize it is fairly simple and customizable, and then it has a lot more limitations than you first thought. Realizing those limitations and finding workarounds is when you know you've mastered the software.

Incentivized

EPM has been so far available all the time

Incentivized

There haven't been any lately. The only one issue I can think of is when there was an update in Adaptive that altered our reports. Before I realized there was an issue, Adaptive reached out to let me know, so that it could be fixed.

The product performance is so far very good

Incentivized

All aspects of Adaptive Insights perform well. One area that I wish was quicker was integration. When importing data from Intacct our accounting ERP platform, it can sometimes take 4 hours for the import to process. The earlier imports are done, the quicker they complete. My estimate for a quick upload is about two hours.

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!

Incentivized

Whenever we have had any questions, issues, or concerns, the support has been quick and thorough. [This] allow[s] us to be able to fully resolve any issues, or be connected with the right group quickly to attain the result we were after; be it from simple formatting to adding new detailed reporting.

Incentivized

This was extremely helpful so that they could walk you through the model and teach you more about the complexity of various areas. It is most helpful when it is specific to your organization's model. The larger in-person trainings were helpful but they tended to be more generic and entry level. The trainings that are more tailored to your specific needs are the most helpful.

Incentivized

They often times tended to be way too generic or entry level. They would also become sales pitches to upgrade or get new Adaptive Planning products. The questions in the training would be very niche and specific to other organizations. They were rarely helpful to the group at large.

Incentivized

The biggest key is data validation time. If you are implementing a new chart of accounts along with Oracle Financial Consolidation and Close Cloud, you need to multiply the time you think you can perform data validation by 2. The key to managing your project timeline is managing your expectations around data validation as well. For instance, it is recommended you convert 1-3 years vs. 5 years.

Incentivized

Trust the expertise of very strong 3rd party implementers. Having deployed Adaptive at a separate company before, I thought I knew it all (hubris, I know). Fortunately, I began to (very quickly) trust the judgment of our Carlson implementation team, and they provided invaluable insights and best-in-class processes that have benefitted me and my team greatly.

Incentivized

Oracle Planning and Budgeting Cloud is one of the more robust and well-rounded EPMs on the market. It comes with robust out-of-the-box functionality which is a great benefit in comparison to its peers. The Excel integration is also top notch which Financial Analysts really appreciate. Cost is a little high and maintenance is a bit heaver than other tools so that is something to consider. The product keeps improving!

Incentivized

For best-in-class capabilities, you'll very likely need to split the various HR and financial systems into separate systems rather than using a consolidated platform like Workday. However, a consolidated platform provides benefits by being a single location for employees and a single system for IT developers to work with. This would need to be compared to employee efficiencies gained by working with better systems.

Incentivized

The product is scalable

Incentivized

We went from 2 users to 70+ users over a 2 year period of time. The application scaled wonderfully. 65 of those users were non-finance users so they were able to quickly learn the software and prepare budgets quickly and efficiently. That is the power of Adaptive and its ability to scale

• 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.

Incentivized

• it is easier to take critical business decisions in the organization and respond to stakeholder early
• migration of resources like cloud, servers or operating system or migrations does not lead to impact on platform
• helps calculates complex metrics requires for financial and resource planning

Incentivized