Oracle Cloud EPM

Oracle Cloud EPM

Top Rated
Top Rated
Oracle Cloud EPM

Overview

Reviews

Great if you don't have on-prem licensing

8
Our small company uses Oracle Cloud EPM for budget planning. All departments use it. They are preparing the company's operational expenses …
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Popular Features

View all 45 features

Financial budgeting (38)

9.0
90%

Forecasting (37)

9.0
90%

Flat file integration (34)

8.8
88%

Scenario modeling (35)

8.5
85%

Reviewer Pros & Cons

View all pros & cons

Pricing

View all pricing

EPM Standard

$250

Cloud
per user/per month

EPM Enterprise

$500

Cloud
per user/per month

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting / Integration Services

Features Scorecard

BI Standard Reporting

5.7
57%

Ad-hoc Reporting

8.8
88%

Report Output and Scheduling

8.8
88%

Data Discovery and Visualization

5.9
59%

Access Control and Security

8.9
89%

Mobile Capabilities

7.2
72%

Budgeting, Planning, and Forecasting

8.6
86%

Consolidation and Close

8.9
89%

Financial Reporting and Compliance

8.3
83%

Analytics

7.7
77%

Integration

8.5
85%

Product Details

What is Oracle Cloud EPM?

Oracle’s complete EPM suite is designed to give users the agility needed to respond to change faster. Combined with the simplicity of the cloud, it enables companies of any size to drive accurate and agile plans across finance and operational lines of business, accelerate financial consolidation and close processes, streamline internal and external reporting, and ensure compliance with financial and tax reporting regulations, according to the vendor.
  • Planning - Don’t just plan it, own it
  • Profitability and Cost Management – Discover and act on hidden profit and loss
  • Financial Consolidation and Close – Deliver a modern financial close
  • Account Reconciliation – Streamline processes
  • Enterprise Data Management – Improve trust in the numbers
  • Narrative Reporting – Reinvent reporting
  • Tax Reporting – Bring tax and finance together

Oracle Cloud EPM Features

Budgeting, Planning, and Forecasting Features

  • Supported: Long-term financial planning
  • Supported: Financial budgeting
  • Supported: Forecasting
  • Supported: Scenario modeling
  • Supported: Management reporting

Consolidation and Close Features

  • Supported: Financial data consolidation
  • Supported: Journal entries and reports
  • Supported: Multi-currency management
  • Supported: Intercompany Eliminations
  • Supported: Minority Ownership
  • Supported: Local and consolidated reporting
  • Supported: Detailed Audit Trails

Financial Reporting and Compliance Features

  • Supported: Financial Statement Reporting
  • Supported: Management Reporting
  • Supported: Excel-based Reporting
  • Supported: Automated board and financial reporting
  • Supported: XBRL support for regulatory filing

Analytics Features

  • Supported: Personalized dashboards
  • Supported: Key Performance Indicator setting
  • Supported: Benchmarking with external data

Integration Features

  • Supported: Flat file integration
  • Supported: Excel data integration
  • Supported: Direct links to 3rd-party data sources

Ad-hoc Reporting Features

  • Supported: Drill-down analysis
  • Supported: Formatting capabilities
  • Supported: Report sharing and collaboration

Report Output and Scheduling Features

  • Supported: Publish to Web
  • Supported: Publish to PDF
  • Supported: Report Versioning
  • Supported: Report Delivery Scheduling

Access Control and Security Features

  • Supported: Multi-User Support (named login)
  • Supported: Role-Based Security Model
  • Supported: Multiple Access Permission Levels (Create, Read, Delete)
  • Supported: Report-Level Access Control
  • Supported: Table-Level Access Control (BI-layer)
  • Supported: Field-Level Access Control (BI-layer)
  • Supported: Single Sign-On (SSO)

Additional Features

  • Supported: Embedded Financial Intelligence
  • Supported: Prebuilt Workforce Planning Business Process
  • Supported: Prebuilt Capex Planning Business Process
  • Supported: Prebuilt Project Financial Planning Business Process
  • Supported: Prebuilt Financial Statement Planning Business Process
  • Supported: Multi Device Access
  • Supported: Close Management with Intelligent Process Automation (IPA)

Oracle Cloud EPM Screenshots

Process and Workflow - Flexible Workflow and Process Management - Annotations - Concurrency in UsageIntegration - External Integration - Oracle ERP Systems and Hybrid On-Premise DeploymentPlanning and Forecasting - Decision-Oriented Plans with Instant Feedback Loop - What-If Modeling and SandboxProcess and Workflow - Flexible Workflow and Process Management - Annotations - Concurrency in UsageUser Interface - Role-Based, Intuitive User Interface - Role-Based Navigation Flows - Microsoft Office InterfaceIntegration - External Integration - Oracle ERP Systems and Hybrid On-Premise Deployment

Oracle Cloud EPM Video

Oracle Cloud EPM Downloadables

Oracle Cloud EPM Integrations

  • Microsoft Office Add-In

Oracle Cloud EPM Competitors

Oracle Cloud EPM Technical Details

Deployment TypesSaaS
Operating SystemsUnspecified
Mobile ApplicationApple iOS, Android
Supported Countries100+ countries and regions
Supported LanguagesArabic, Danish, German, Spanish, Finnish, French, French Canadian, Italian, Japanese, Korean, Dutch, Norwegian, Polish, Portuguese (Brazilian), Russian, Swedish, Turkish, Simplified Chinese, Traditional Chinese

Alternatives

View all alternatives

Frequently Asked Questions

What is Oracle Cloud EPM's best feature?

Reviewers rate Financial data consolidation and Journal entries and reports highest, with a score of 9.2.

Who uses Oracle Cloud EPM?

The most common users of Oracle Cloud EPM are from Enterprises and the Information Technology & Services industry.

Reviews

(1-25 of 169)
Companies can't remove reviews or game the system. Here's why
Greg Grey | TrustRadius Reviewer
Score 6 out of 10
Vetted Review
Verified User
Review Source
Being used by our Corporate FP&A department for Strategic Modeling and Budgeting.
  • It mimics HSF, but doesn't require the infrastructure or upgrades that HSF does.
  • Currently there is a big functionality gap, in that iterations of models cannot be saved off unless scripts are written to do this. Oracle has promised Direct Migration functionality will be available in their May release.
EPBCS is excellent for Strategic Modeling.
We are utilizing FCCS for our consolidation and close.
Yes
OAUG
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!
Score 10 out of 10
Vetted Review
Verified User
Review Source
EPM is used across our finance organization to solve our consolidation, planning, budgeting, and forecasting problems. Users input data on a monthly basis and the EPM system is utilized for reporting numbers to the corporate finance team. Prior to this, we had a legacy system and it had challenges with data input and reporting. EPM has solved many of our data integration issues and all our users love the tool.
  • Consolidation
  • Planning and budgeting
  • Data management
  • Reporting
  • Smartview
  • Adoption of API with other products such as reporting into Tableau, Qlik, and Power BI
  • Data integration with Salesforce platform
Oracle has done an amazing job in the last 5 years to bring its on-premise Hyperion suite of products into Oracle EPM. The tool was redesigned and the user interface has improved a lot. Data integration has come a long way and loading data from other ERP sources helps users with reconciliation and reporting. There is tight integration between the modules as well.
We were using a legacy system. After implementing Oracle EPM our processes have improved a lot and reporting has been streamlined. Users are happy with the system and it is easy to use. Training is provided each month by our senior team members to the staff, so they can get the benefit of the new features and functionality released each month.
Yes
Oracle Applications User Group US/Canada
Oracle Development User Group US
Azmat Bhatti | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
We are using Oracle Cloud EPM for consolidation, planning, budgeting, and forecast processes. We also use the financial reporting modules for reports.
  • Setup and configuration are not that complex
  • User interface is easy to navigate
  • Reporting and SmartView ad-hoc reports provide self-serve options for users
  • Can be combined into a single platform/application
  • Integration for metadata and hierarchy management can be streamlined
Overall a great cloud product for someone that is coming out of on-premises world and into cloud. Hardware maintenance, disaster recovery, and business continuity planning go away with cloud.
The consolidation process is streamlined, giving corporate finance users more visibility into insights and reporting.
Yes
OATUG Hyperion EPM SIG group
Rajat Jain | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Review Source
Oracle Cloud EPM enables my organization to consolidate all the revenue and expenses to create an organization level view. This enables us to discover hidden costs or revenues and help us forecast the costs and revenues separately and track the progress against the same adjusting the forecasts in real time.
  • Downtime is really low
  • Latency issues are rare as the instances are available in the nearby regions
  • Reports are more useful and can be tailor made by everyone as per their use case
  • Initial onboarding is a bit rocky and the performance is not up to the mark
  • Unintuitive navigation
  • At times data retrieval works at a snail's pace
I believe it can be used by any company with an aim to have a look at it's business using a magnifying glass. It can help to understand why something happened , what will happen and what should be done as well. So any organization capturing a lot of data would be more beneficial using Oracle Cloud EPM.
No
Srinivas Bobbala | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
My customers used it primarily for the FP&A Activities. It is built on the renowned Hyperion Planning engine. It is very helpful in the automation of budgeting and forecasting activities and in eliminating the spreadsheet driven planning activities. Automation and Integration capabilities are improved a lot compared to 2015.
  • Smartview Integration
  • Smart Push
  • Valid Intersections
  • Data Management
  • Navigation Flows
  • Groovy Rules
  • Pre built Financials Module can be much simpler
  • Workforce Module - HRMS integration can be much better
  • Hybrid Integration - there is long way to go
It is unchallenged in Custom Financial Planning model development when using PBCS. But, not so great and easy if we use EPBCS
My customers saw benefits from Consolidation and Close also. But other modules there is a gap between expectation and realization
Yes
I am a member of cloud customer connect.
I am one of the top contributors in OTN Essbase forum.
I was invited for the Oracle Essbase 11 beta certification test from Oracle and certified with around 80%
Raman Ahuja | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
Oracle Cloud EPM is being used by almost every function of our organization right from Strategy, Planning, HR, and Finance. We are using it to feed data from different sources into one single system and make sense out of that data using Data Analytics and ML techniques and then to present these findings on a regular basis to top management in order to equip them to plan and forecast accurately.
  • Interactive and custom reports can be generated easily
  • UI is intuitive and even people who are not that tech-savvy are able to get used to it without any other support
  • Consummate tool. One rarely needs any other external application or plugin
  • Performance not up to the mark out of the box
  • Support is not adequate
  • Relatively expensive
  • Complicated forms and difficult to navigate UI
For companies who are looking to be always using cutting-edge technology, Oracle Cloud EPM is an ideal solution as with legacy EPM solutions, system updates are not that frequent and happen sporadically. At the same time, with cloud deployment, one is ensured to be always able to use the latest software.
No
Score 7 out of 10
Vetted Review
Verified User
Review Source
Oracle Cloud EPM is primarily used for collecting, collating, and organizing companywide financial data and converting it into insights and meaningful information. It is also an integral part of our overall company planning as well as individual vertical planning. Planning here refers not only to financial planning but HR and individual project planning as well.
  • More relevant insights are delivered in no time, as all of the data is collated at a single place and then the built-in analytics tools help generate meaningful and actionable insights using machine learning
  • Financial reconciliation and reporting becomes easy, too, at different reporting standards like IGAAP and IFRS
  • Reports can be customized using smart view, and once the report is created, it keeps on auto-refreshing.
  • Customer support is not up to the mark; we almost always need to go up the escalation matrix in order to get the desired support in due time
  • Data extraction is slow, especially at the scale of my organization
  • Archaic user interface
  • It's expensive
Oracle Cloud EPM is more suited for the organizations where there are either no or only a few third-party applications, as integration with other applications is a nightmare and seems to be full of troubles. One simply can't bank on these integrations to deliver high performance; they seem to fail very often.
Not yet, but I'm interested in Oracle user groups
Score 8 out of 10
Vetted Review
Verified User
Review Source
Oracle Cloud EPM is used by the majority of our organization. We use it for financial planning, ad hoc reporting and analysis, as well as enterprise data management. The business problems it addresses, besides those already mentioned is growing our portfolios, performance insights, as well as financial implications of certain demands and projects.
  • Planning projects.
  • Smart push.
  • Groovy rules.
  • Data management.
  • Price (cost).
  • If bandwidth is slow, product performs slow.
  • UI quality.
I would say that this product is still being learned and trusted around organizations. Our Accounts Payable team really enjoys working with this true cloud platform. Everything the product comes with out of the box (for the most part is sufficient for us). Unfortunately we've had to tap into multiple consultants to access/help with issues with underlying tables.
The workflows and rules have greatly increased automation which makes for an ideal internal scenario saving our team members time while working through their daily processes. Also, the exposure to our data from a data management standpoint has really been a game-changer for our teams. The Smartview capability really has helped those with a strong Excel background.
No
Score 8 out of 10
Vetted Review
Verified User
Review Source
Our small company uses Oracle Cloud EPM for budget planning. All departments use it. They are preparing the company's operational expenses budget, capital expenses budget, and revenue budget. They are using parametric expense forecasting. Oracle Cloud EPM is very useful for parametric architecture and ideal for multi-participant budgeting.
  • Easy access
  • Simple data entry
  • Quick calculation
  • Inflexible integrations
  • You need to have an Internet connection
Oracle Cloud EPM has many features. We are using it for master data management for our company. We have organized our master data here. We use it here in a shared and participatory way. Reporting is very important us. We positioned all our financial reports in this application. In addition, it has been a great advantage for us to offer a participative and agile working environment.
My customers saw benefits from consolidation and close also. But with other modules there is a gap between expectation and realization.
No
Chris Edwards | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Oracle Cloud EPM is a world-class planning, forecasting and budgeting platform that we use in our organization across various departments to ensure that we improve our workflow, planning among other crucial roles thus work in harmony as an organization.It has enabled us implement accurate and research-based budgeting and planning actions that drive our portfolio and one that enables us to make accurate decisions concerning our future and the way we do our business. The platform has enabled us comply with the set standards in tax reporting and this has ensures that we remain in compliance with set standards. Its agile, strong and robust and fits well in all organizations with ease.It helps us prepare for any occasion/scenario that may arise within our workflow and workforce.
  • Helps us in planning and this ensures that our workflow is smooth and excellent at all times.
  • Its agile and fits well in all organizations with simplicity.
  • Customer support is available and willing to help at all times.
  • Helps us understand better the financial implications of our projects and this helps implement workable timelines in achieving them.
  • Sometimes its affected by poor internet connections affecting its usage.
  • Still some part of our workforce who are less tech-savvy had a steep learning curve in understanding how to use the platform.
Its a platform that fits well in a scenario where an organization aims to expedite their planning process and ensure that they are able to use and maximize their economies of scale and thus grow their portfolio. It will help the company bring in efficiency and this helps improve their decision making process and grow their portfolio.
It also works well in a situation where you are seeking a modelling platform to help in simulating various what-if- scenarios and this help in ensuring prudent usage of financial resources in our company.
The platform has helped us automate our financial, budgeting and planning activities and this breadth of functionality helps us make better decisions and stop working with assumptions and make use of our data and information to make accurate plans. The benefit has been that our company is able to instill a work ethic and ensure that they work with solid work-plans that connect every part of our company/business. <br>
No
Score 8 out of 10
Vetted Review
Verified User
Review Source
Our small company uses Oracle Cloud EPM for budget planning. All departments use it. They are preparing the company's operational expenses budget, capital expenses budget, and revenue budget. They are using parametric expense forecasting. Oracle Cloud EPM very useful for parametric architecture and ideal for multi-participant budgeting.
  • Simple data entry
  • Quick calculation
  • Easy access
  • You need to have an Internet connection
  • Inflexible integrations
If you don't have an on-premises license and if you are just starting out with budget planning, this product is well suited. But if you have any license, it will burden your budget. It's ideal for multi-participant budgeting and an economical solution for OpEx, CapEx, and revenue budgeting.
Yes, Oracle Cloud EPM has many features. We are using it for master data management for our company. We have organized our master data here. We use it here in a shared and participatory way. Reporting is very important us. We positioned all our financial reports in this application. In addition, it has been a great advantage for us to offer a participative and agile working environment.
No
Score 9 out of 10
Vetted Review
Verified User
Review Source
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.
  • Multi-users forecast concurrently
  • User security
  • User interface quality
  • Implementation speed
Oracle Planning and Budgeting Cloud are most appropriate for companies who want to scale their forecasting processes beyond excel functionality and take it to the next level. This will enable scale, efficiency, and speed.
We primarily use it for planning and budgeting. We do not leverage the other functionalities in our organization.
No
Score 7 out of 10
Vetted Review
Verified User
Review Source
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!
  • Consolidates financial numbers well
  • Allows different way of representation of data
  • Aggregation of data
  • Limitation of number of dimensions it can have
  • Performance tend to be slow when it has to process large data
  • Simplest way to import / export data
When you want to have a once centralize system to manage your master data, EPM is a good option.

EPM is also a good option for Planning, Budgeting & Forecasting.

When you have large data sets, many dimensions or objects, EPM is probably not a good option as it could be very costly at the end.
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.
Not yet, but I'm interested in Oracle user groups
EPM Cloud ?
OAC - Oracle Analytics for Cloud
MySQL
  • Partner-led
January 19, 2020

Oracle EPM Cloud Review

Balázs Kiss | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
We support Oracle EPM Cloud at other banking companies.
  • Secure data transfer.
  • Quick transactions.
  • Customers don't really trust it yet.
  • Pricing is somewhat complicated.
If a company want to outsource the database bit still need local relational database management system quality.
Not yet, but I'm interested in Oracle user groups
Java
  • Partner-led
Aissam Drai | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
Oracle Account Reconciliation Cloud is used by finance. It is used to reconcile accounts during period-end activities.
  • Automate the reconciliation process
  • Contributes to reducing the time it takes to close the books
  • Automate the reconciliation process
  • It would be great to embed AI (Artificial Intelligence) into ARC so that it learns the reconciliation error patterns
  • RPA (Robotic Process Automation) could be a good addition to ARC to automate the full process of reconciliation and correction
ARC is well suited for period and year-end close process.
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.
Not yet, but I'm interested in Oracle user groups
I am not a member of any user groups but I would be interested to join one
We have been receiving good support so far from Oracle through the CSM we deal with.
  • no training
No
Score 9 out of 10
Vetted Review
Verified User
Review Source
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.
  • Smart View allows accountants to create their own reports easily.
  • Reports are dynamically refreshed after the month-end close.
  • Allows flexible reporting using alternative account hierarchy.
  • 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.
We just automated our GL feeds into Oracle Cloud EPM so we can run reports in real-time. It is very helpful to see the preliminary financial results.
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.
No
  • Partner-led
Score 10 out of 10
Vetted Review
Verified User
Review Source
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.
  • Easy to use.
  • Strong calculation engine.
  • Centralized platform on the cloud.
  • Functionality issues are common with updates that can cause issues in the system . Need better and clearer communication on changes and impacts.
  • The move to groovy is at best questionable. Need to understand why Oracle is moving in a direction where a programming language that is not universally used is part of this major offering.
Oracle Cloud EPM is best in class
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.
Yes
ODTUG. This group is invaluable to hear about how other Oracle users are utilizing the tools. Real world examples are key to helping us understand how to best implement and utilize the product.
  • In-house
Score 9 out of 10
Vetted Review
Verified User
Review Source
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.
  • The tasks lists and workflow work well for managing activity.
  • The amount configuration that you can add allows personalisation.
  • Give you extra cubes to rebuild the EPBCS ones that don't fit.
  • Business rules.
  • Ability to create positions for HCM.
  • Connectivity to OACS fails, brings down EPM pod.
  • Ability to copy cubes between versions of the pods instead of all cubes.
  • Come with integrations to the rest of Oracle.
  • Secondary dimension sends 6000 emails when the workflow is turned on. This should not happen. Should be able to disable notifications.
  • BSO cube fails to return results.
Suited for planning. Not suitable in current state to interact with transactions.
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.
Yes
Oracle User Group
  • Partner-led
Score 8 out of 10
Vetted Review
Verified User
Review Source
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.
  • 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.
  • Core HFM functionality on Cloud is not yet on par. We use lot of custom dimensions and it is restricted at the moment.
  • Data Management on Cloud is not yet on par with FDMEE on premise.
Oracle EPM cloud is well matured Product . It has rich functionality. Delivers new features regularly and provides regular monthly updates.
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
Yes
I am a member of the ODTUG.
Vishal Shivdasani | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
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.
  • Data integrity
  • Cloud integration - high availability and locally implemented instances that provide a custom feel
  • Systematic and customized capture of vital information
  • Does not necessarily require a dedicated administrator
  • Menus are not always intuitive.
  • When errors occur it is not always easy to pinpoint where the errors are coming from.
  • Customization is always a challenge with many products. Stock reports and operational financial information needs to be a priority during the implementation phase, so that a fully functioning finance department is not debilitated once live.
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.
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.
No
September 16, 2019

EPM Review

Score 9 out of 10
Vetted Review
Verified User
Review Source
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.
  • Different model plans for management needs - for OPEX and revenue, we need to build different models to meet the needs of our company. EPM cloud is good at this and meets our needs for creating these models.
  • One global plan and integration with other cloud-like Oracle HCM for plans - reduces the manual effort of getting the data and activating information.
  • Easy to use application.
  • More simple integrations needed.
  • Simple SSO needed to access - We need to have two-factor authentication.
It is very easy to implement based on business needs.
Only planning and budgeting is used for our current needs.
Yes
Yes, we are a member of the Norcal organization.
  • Partner-led
September 16, 2019

EPM Cloud Review

ShyamSunder Agrawal | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
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 is particularly helpful in the planning of the sales cycles to the FP&A users.
  • It is rolling up the GL balances effectively and generating financial statements.
  • The maintenance of the COA data has been simplified.
  • Integration between the non-Oracle transactional systems needs to simpler.
  • Automatic data audit functionality needs to be built.
It is well-suited for large enterprises that have complex business processes.
It streamlined the entire planning and budgeting cycle.
Yes
Oracle user group.
  • Partner-led
Talha Anwar | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
It is being used at the Finance and Accounting departments.
  • Easy to run reports.
  • All accounting needs are met.
  • Very easy to navigate and user-friendly.
  • Could be expensive given the size of your company. Doest make sense for small companies to implement it.
Highly recommended for big organizations.
Fulfills all accounting needs. Also, the user needs to be a little bit creative to achieve what they are trying to get.
No
March 21, 2019

Great product

Score 10 out of 10
Vetted Review
Verified User
Review Source
We are using the functionality enterprise wide to provide insight and analytical trends as well as accelerating the monthly close and consolidation process.
  • Analytics and predictive trend analysis using actual data to better predict the future.
  • Close and consolidation process.
  • I have not found any areas thus far where we are having issues with the product.
I have not found any situations where the product is not appropriate for use. Users need to be creative to find the best way to utilize the product and think outside the box.
The product has provided an acceleration of financial analytics and profitability analysis.
No
October 29, 2018

Driver driven EPBCS

Badri Narayanan | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
It is used by our financial and planning team. ARCS and FCCS for reconcilation and close. EPBS for planning and budgeting. Using ARCS we are more efficient in our consolidation process. With EPBCS we have improved our planning and budgeting process. These solutions have given back the user lot more time to do value added work for their department and organization.
  • Task Manager in EPBCS helped out business users to track the planning and budgeting process.
  • EPBCS Driver based solution was a total win for us. We didn't have do much of a customization work.
  • Smart view reporting met the users adhoc reporting needs.
  • We have just started using it. After couple of cycles we will be able to add the missing functionality.
EPBCS driver based solution was a great fit to our requirements. We didn't have to go for any customization. It was a perfect out of box fit for us and for any future integration too.
Yes
I am a member of the North East Ohio Oracle User Group.