Reviews (1-25 of 35)
- 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.
- 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
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.
- 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
- Smartview capability provides a flexible user interaction for those finance users familiar with Excel.
- The built-in finance adapter makes the data extract from Fusion ERP a seamless experience and proceeds with data integration as an easy chore.
- Webstudio or financial reporting enables actuals vs plan comparisons a cleaner validation.
- 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.
- Unlike other Fusion cloud products, Financial Consolidation cloud has a lot of best practice configuration built in which ensures that you're up and running in no time.
- The analytics for Fusion has got to be one of the most important reasons people love Fusion apps. It's extremely potent and the visual graphs are the treat!
- Offers an end to end solution with features like automated cash flow reporting, multi GAAP reporting, great support for foreign exchange translation adjustments.
- To realise the true value, you need to have other Oracle Fusion apps to work with.
- Third party integrations are unreliable, to say the least. The so-called automated extracts and reports fail very frequently.
- UI could be better. More often than not, the application is quite buggy and unresponsive.
- Excel Reporting,
- Ease of use for end-users.
- It lacks the consolidation features used by competitors.
- It uses 20 year Essbase technology.
- Oracle sold the product without a metadata or ETL solution.
- EssBase Cube is strong
- Multiple dimensions and adhoc reporting is powerful
- Dashboard reporting is adequate
- Performance has not been reliable in the cloud and support from Oracle always requires escalation
- Dashboard reporting would be better if it allowed stronger publishing and distribution outside the application.
- Better troubleshooting tools for the end user for performance and errors
For dash boarding when logged in - good
Ability to do budget/forecast via SV or Workspace is a nice option
- 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.
- 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.
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.
- 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 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.
- Cloud based platform
- Robust modeling capability
- Easy to use for a Finance professional familiar with Excel and EPMs in general
- Great Excel integration! A rarity for EPMs!
- Good security
- Better visualization/charting options.
- More user-friendly tutorials to get up to speed on the system.
- Would be great if the tool required less maintenance so the Finance Team could own it outright themselves.
- General speed.
- Fast performance. Compared to Oracle EPM Cloud's competitors, we had no problems whatsoever in quickly connecting to the Cloud.
- User-friendly interface. Navigation is intuitive, and users don't have to shoot in the dark to find settings.
- Customizable and flexible to an enterprise needs. We have yet to need any external plugins/add-ons for our use cases.
- Customer support is poor. I and many of my colleagues have had awful experiences repeatedly for trying to get someone on the line for assistance.
- Abundance of software bugs. EPM Cloud is close, but not quite at the level of maturity. Much time was wasted trying to figure out whether a problem was with the software or our own configuration setup.
- Repetition and redundancy when filling out forms. I have had to cut-paste the same information multiple times for some steps in the transaction entry forms.
- We utilize the SmartView Excel add-in tool to generate reports for various needs including annual state reporting and unexpected need.
- Monthly maintenance to the EPM Cloud service is keeping the product up to date.
- Communicate upcoming enhancements.
- Ability to change how often patches are applied. Currently the only option is monthly.
- Financial report building user-friendliness.
- Close management and consolidation in one module.
- Strides have been made to bring Oracle Financial Consolidation and Close Cloud parity to HFM.
- Dynamic reporting capabilities.
- The fact that it is still a separate tool for planning (ePBCS) drives challenges around baseline data.
- The set-up for VIE is still arduous and often does not meet all use cases.
- The cloud pushed monthly updates are a challenge, however, it has become more transparent.
- It was secure and easy to implement.
- It allows us to get to the financial data as fast as we need it.
- It optimizes the performance of the cloud service.
- There were some performance issues during the initial installation.
- Ad-hoc reporting allows me to decide how data should be displayed.
- Web forms are intuitive and easy to navigate.
- Finance can handle tasks that use to require IT.
- Alternate hierarchies provide a lot of reporting flexibility.
- Adding metadata is not easy.
- Environment is sometimes slow.
- Web reporting tool could be more robust.
- 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.
- 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 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.
- 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.
Oracle EPM Cloud Scorecard Summary
Feature Scorecard Summary
About Oracle EPM Cloud
- 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 your processes
- Enterprise Data Management – Improve trust in your numbers
- Narrative Reporting – Reinvent your reporting
- Tax Reporting – Bring tax and finance together
Oracle offers a vibrant customer community where customers can network with peers, engage with product experts, submit ideas for product enhancements and more: https://cloudcustomerconnect.oracle.com/
Oracle EPM Cloud Screenshots
Oracle EPM Cloud Video
Oracle EPM Cloud Downloadables
Oracle EPM Cloud Integrations
Oracle EPM Cloud Competitors
- Does not have featureFree Trial Available?No
- Does not have featureFree or Freemium Version Available?No
- Has featurePremium Consulting/Integration Services Available?Yes
- Entry-level set up fee?No
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.
Oracle EPM Cloud Support Options
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Oracle EPM Cloud Technical Details
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