Oracle Cloud EPM Reviews

We use Oracle Planning and Budgeting Cloud for all our financial planning processes at our company. We implemented it three years ago. We’ve been quite satisfied with the tool which we leverage heavily. Our Finance team is primarily using it.

We primarily use it for planning and budgeting. We do not leverage the other functionalities in our organization.

Being used by our Corporate FP&A department for Strategic Modeling and Budgeting.

We are utilizing FCCS for our consolidation and close.

We are fairly new to the Oracle offerings. We are using FCC at department level - within corporate sector, right now. It allows us to consolidate our financial numbers at GAAP and IFRS level and report at the top level to our leadership team and executives - on a monthly, quarterly and yearly basis. Thank you!

With the new offerings where Oracle merge all the silo products under one umbrella (EPM), it could be very beneficial to organization who is planning to leverage all the different tools and modules. But if organization is not planning to leverage other tools and modules, then it could be costly too.

We support Oracle EPM Cloud at other banking companies.

Oracle Account Reconciliation Cloud is used by finance. It is used to reconcile accounts during period-end activities.

At the moment, we are only using ARC to reconcile accounting entries between ledger and sub-ledger. However, it is planned in our roadmap to expand ARC into other EPM/Fusion products.

It's being used by the FP&A team for monthly business reporting package. Prior to having the Oracle EPM Cloud, the team used Excel spreadsheets. This is a lot easier without having to manually calculate other formulas.

We are just live on it for one month. We definitely see how easy it is to implement, and how quickly our analysts are able to use Smart View to create their reports. We gain efficiency in monthly report preparation for the CFO's office.

Oracle EPM Cloud is used by our entire company for analytics of our business and helping us to ensure that senior leadership understand how we are performing as a company.

Oracle EPM Cloud is a one-stop-shop where users can utilize multiple functionalities to run their business is invaluable. We have an integrated tool that helps us take data from our planning tool to our consolidations tool to ensure that we are all speaking the same truth. We don't currently utilize PCM but we do hope to grow from our current use of Oracle EPM Cloud to leverage these tools.

Currently using Oracle EPM Cloud's ePBCS for financial planning and implementing workforce planning. It is used in Phase 1 - Finance for budget setting, forecasting, and transfers of budgets. In Phase 2 HR, we will be using it to plan our people and have created interfaces for recruitment and to update HCM, in order to create new positions based on the required level of need.

This will allow us to have sight of our vacancies and demands. We are adopting position management in Oracle HCM Cloud, along with jobs, performance, learn module. Will will use this alongside the customer experience cube, to manage recruitment and retention.

We also have Oracle Analytics Cloud. This will help us to decide whether we have the talent in house to fulfill vacancies or if we need to go outside to recruit.

We have bought FCCS, PCM and EPRCS, but have not yet implemented. We are hoping to use this for annual accounting, end to end costing, and input to output.

We use it for our entire AOP and QOP plan in OPEX and revenue. It is being used across the company and management is getting real-time details to make quick decisions.

Only planning and budgeting is used for our current needs.

It is getting used for planning and budgeting. It is being used across my organization. It is solving the issues with sales planning cycles and expense budgeting.

It streamlined the entire planning and budgeting cycle.

Enterprise Planning and Budgeting Cloud is used by our finance department. It is their only tool to plan financial budgets and build their forecast. The financial reports generated out of the module are used extensively for comparing the plan vs actuals. The data from our core fusion ERP system is loaded daily into EPBCS that keep the module as current as possible to compare the performance against the budgets.

We just expanded our footprint with the financial consolidation and close module and the Accounts Revenue Reconciliation cloud offerings. We are yet to reap the benefits of these offerings but we did know the value of these offerings in terms of reducing manual follow ups and gaining efficiency. It is right now being used by our contoller and will be slowly rolled out to top executives down the line

Oracle Financial Consolidation and Close Cloud is being used by our client to manage to close and consolidating and maintain compliance and auditability at the same time. The primary reason why this was chosen over other options is that they already have Oracle Financials, Human Resource Cloud, Sales cloud and Planning and Budgeting cloud and having an Oracle app for this purpose too allows them to have one flawlessly integrated system.

Oracle EPM Cloud is only being used by our financial management team in our organization. The two main business problems we are using Oracle EPM Cloud to solve are to manage the performance of our enterprise and for analytics related to business intelligence. We needed a solution that was both easy-to-use and flexible to our changing demands, hence we chose Oracle EPM Cloud.

Before we started using Oracle EPM Cloud, we were manually executing processes such as profitability and cost management as our company was smaller back then. Once we started growing, we realized that we needed to scale up, and start automating many of these tasks. With Oracle EPM Cloud, all of these functions have reduced the pressure on our employees, and have increased their productivity by focusing on big-picture goals.

Oracle EPM is used for external and management reporting.

EPM cloud is being used for Forecasting, budgeting , and KPI reporting. EPRCS is not being used as the product has not shown its value or ease of use.

Only have been able to leverage planning and budgeting at this point. We have a decentralized environment with hundreds of users leveraging the system monthly forecasting and annual budgeting.

Currently we have on-premises Hyperion, and that is a very dated version and we do not have a lot of new capabilities released by Oracle. EPBCS is planned to be used across the organization.

Having all products consolidated and at one place will greatly enable collaboration and have the benefit of having up to date features/solution on hand to meet any challenge/ business transformation that may arise over the course of the time.

Oracle EPM Cloud is being used to efficiently and effectively plan our annual budget. We are able to generate reports and calculations to assist with our budget as well as the creation of ad hoc queries and monthly reporting needs. We currently utilize this product within the finance division.

We have not implemented further than the planning and budget cloud.

I started using Oracle EPM Cloud when I realized it would help with the extended financial close. It gave our programmers the ability to respond in a fast and efficient timeframe.

The consolidation of financial records is helpful as far as backlogging is concerned.

It is being used across the whole organization to address the financial planning process we were using. It's helpful, especially for tech support.

The rich functionality that Oracle EPM cloud offered has impacted the organization, which improved productivity and smooth reporting tools.

We have started with our cloud Journey with Oracle EPM Cloud. We started off with Account Reconciliation Cloud (ARCS). We have selected ARCS to manage our reconciliations and our coroprate Record to Report uses this. We want to automate reconciliations and provide better visibility and control over reconcilaitions. we are moving from a manual process to ARCS.

Financial consolidation and close is the next product that we are evaluating. Close Manager can automate all close processes but it has dependency on Integration Cloud for event monitoring. FCCS can really automate close processes and provides real time visibility to Management

My client is a multi-billion, multi-national construction and infrastructure company. Oracle EPM cloud was used to report monthly, quarterly, half year and full year. EPM cloud is also used to consolidate through the divisions and with the parent company in the UK. Reporting to the London Stock Exchange, providing timely consolidations to the level of detail required, over various divisions globally was a problem that the client struggled with for many years. Ultimately, they upgraded from HFM (standalone, on-prem) to Oracle EPM Cloud across the US and currently being implemented across all global divisions. The predominant problem being addressed is seamless consolidation and vital data capture for reporting on IFRS and GAAP globally.

Right off the bat, let me state that, I was involved with the transition, set-up, implementation and on-going operations of a 10 person finance and accounting department for a $700M division of a multinational organization using EPM cloud. Part of the push for this implementation was the ease at which results could be reported, automated close processing, seamless consolidation by country and division, reporting requirements in various forms and both GAAP and IFRS requirements by the country and parent company. To this end the implementation team worked diligently to create the chart of accounts and business unit hierarchy to fit the required internal and external reporting requirements. As with all well-oiled systems - well planned and detailed work up front made the post-implementation issues fewer. To provide a detailed account of the impact and benefits on the organization by order of importance: labor and time saving close processing was by far the most impactful with 1-3 FTE savings. Seamless consolidation was a close second due to its unavailability in the previous HFM system capability. Finally, GAAP and IFRS reporting requirements were a laborious and painstaking task, using EPM Cloud, we were able to reduce required activity by at least 200 man hours/quarter.

It is being used at the Finance and Accounting departments.

Fulfills all accounting needs. Also, the user needs to be a little bit creative to achieve what they are trying to get.

We are using the functionality enterprise wide to provide insight and analytical trends as well as accelerating the monthly close and consolidation process.

The product has provided an acceleration of financial analytics and profitability analysis.

Oracle Planning and Budgeting Cloud is being used by our Finance Team and some select departments to do planning, forecasting, budgeting, and reporting. It's not being used by the whole company, but I estimate about 30%. It's a cloud-based platform which is great in driving new user adoption for teams outside of Finance. It's intended to address forecasting, budgeting, and reporting while serving as single-source-of-truth for all financial data.

While Oracle Planning and Budgeting Cloud does have this capability, our company does not take advantage of it today. We are just using the core application which has been working great!

Oracle Financial Consolidation and Close Cloud is being considered for several clients and I have supported implementation with one client in particular. This Oracle Financial Consolidation and Close Cloud implementation is more focused on a smaller group of financial reporting users. The main purpose is to perform consolidations and manage closing activities across entities in various countries.

Oracle Financial Consolidation and Close Cloud does not offer planning and budgeting capabilities. Oracle Financial Consolidation and Close Cloud does have certain reporting, it is built-in and customizable. However, the functionality of close management is the biggest benefit.