Oracle Cloud EPM

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

We are utilizing FCCS for our consolidation and close.

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.

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.

We are using Oracle Cloud EPM for consolidation, planning, budgeting, and forecast processes. We also use the financial reporting modules for reports.

The consolidation process is streamlined, giving corporate finance users more visibility into insights and reporting.

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.

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.

My customers saw benefits from Consolidation and Close also. But other modules there is a gap between expectation and realization

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.

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.

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.

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.

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.

My customers saw benefits from consolidation and close also. But with other modules there is a gap between expectation and realization.

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.

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>

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.

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.

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.

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 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.

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.

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.

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.