Oracle EPM Cloud Reviews

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Score 8.1 out of 100

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Greg Grey | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
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Aissam Drai | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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
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Rosetta Cheung | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
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GLen Chang | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
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Katherine Thompson | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
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Raemsh Potta | TrustRadius Reviewer
September 16, 2019

EPM Review

Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
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ShyamSunder Agrawal | TrustRadius Reviewer
September 16, 2019

EPM Cloud Review

Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
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Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
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Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
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Anonymous | TrustRadius Reviewer
Score 5 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
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Anonymous | TrustRadius Reviewer
Score 6 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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
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Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Out of the box capabilities.
  • Ease of use.
  • A monthly roll-out of new features.
  • To configure cloud services, one must invest a lot
  • A system integrator is required.
  • SI costs a lot.
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Anonymous | TrustRadius Reviewer
September 16, 2019

Moving into the future

Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
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Anonymous | TrustRadius Reviewer
September 19, 2019

EPM Cloud

Score 5 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Excel Reporting,
  • Ease of use for end-users.
  • Customizable.
  • It lacks the consolidation features used by competitors.
  • It uses 20 year Essbase technology.
  • Oracle sold the product without a metadata or ETL solution.
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Anonymous | TrustRadius Reviewer
Score 6 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
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Raju Aenike | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
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Vishal Shivdasani | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
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Josh Carl | TrustRadius Reviewer
March 21, 2019

Great product

Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
Read Josh Carl's full review
Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
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Anonymous | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • 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.
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Anonymous | TrustRadius Reviewer
March 20, 2019

EPM user review

Score 6 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Offers platform to connect with other Oracle cloud users. Great reference/ platform to ask questions to other users
  • monthly patches ensures that we can take advantages of the most updated functionalities
  • Communication & responses from Oracle product developers on Customer connect makes me feel like they take customer feedback seriously
  • Sometimes to do an action in the application takes too many clicks. (ie: adding a new employee in workforce )THis has been feedback from our user group.
  • some features not compatible with MS edge (ie: expansion of reports doesn't work in edge), which is becoming a common browser & is now the only supported browser at our company.
  • Alot of the times will get an error page when trying to hit the URL & will need to hit the browser refresh button to get the splash page to properly load
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Feature Scorecard Summary

Pixel Perfect reports (2)
8.1
Customizable dashboards (3)
5.7
Report Formatting Templates (3)
5.8
Drill-down analysis (15)
8.0
Formatting capabilities (14)
7.8
Report sharing and collaboration (14)
8.2
Publish to Web (11)
8.0
Publish to PDF (13)
8.8
Report Versioning (12)
7.9
Report Delivery Scheduling (11)
8.1
Pre-built visualization formats (heatmaps, scatter plots etc.) (2)
5.7
Location Analytics / Geographic Visualization (2)
5.3
Predictive Analytics (2)
5.7
Multi-User Support (named login) (15)
8.6
Role-Based Security Model (17)
8.7
Multiple Access Permission Levels (Create, Read, Delete) (15)
8.7
Single Sign-On (SSO) (16)
8.7
Responsive Design for Web Access (2)
6.2
Dedicated Android Application (1)
8.2
Long-term financial planning (23)
8.6
Financial budgeting (30)
8.6
Forecasting (29)
8.1
Scenario modeling (28)
8.4
Management reporting (26)
8.5
Financial data consolidation (12)
7.8
Journal entries and reports (9)
7.3
Multi-currency management (9)
7.6
Intercompany Eliminations (10)
7.8
Minority Ownership (8)
7.5
Local and consolidated reporting (11)
7.4
Detailed Audit Trails (12)
8.1
Financial Statement Reporting (21)
8.4
Management Reporting (25)
8.4
Excel-based Reporting (24)
8.3
Automated board and financial reporting (21)
8.1
XBRL support for regulatory filing (15)
7.3
Personalized dashboards (19)
8.1
Color-coded scorecards (3)
6.7
KPIs (3)
7.4
Cost and profitability analysis (3)
5.8
Key Performance Indicator setting (18)
7.6
Benchmarking with external data (18)
7.5
Flat file integration (27)
8.1
Excel data integration (25)
8.7
Direct links to 3rd-party data sources (24)
7.3

About Oracle EPM Cloud

Oracle’s complete EPM suite gives you the agility you need to respond to change faster, promises the vendor. Combined with the innovation and 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 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 Features

Budgeting, Planning, and Forecasting Features
Has featureLong-term financial planning
Has featureFinancial budgeting
Has featureForecasting
Has featureScenario modeling
Has featureManagement reporting
Consolidation and Close Features
Has featureFinancial data consolidation
Has featureJournal entries and reports
Has featureMulti-currency management
Has featureIntercompany Eliminations
Has featureMinority Ownership
Has featureLocal and consolidated reporting
Has featureDetailed Audit Trails
FInancial Reporting and Compliance Features
Has featureFinancial Statement Reporting
Has featureManagement Reporting
Has featureExcel-based Reporting
Has featureAutomated board and financial reporting
Has featureXBRL support for regulatory filing
Analytics Features
Has featurePersonalized dashboards
Does not have featureColor-coded scorecards
Does not have featureKPIs
Does not have featureCost and profitability analysis
Has featureKey Performance Indicator setting
Has featureBenchmarking with external data
Integration Features
Has featureFlat file integration
Has featureExcel data integration
Has featureDirect links to 3rd-party data sources
BI Standard Reporting Features
Does not have featurePixel Perfect reports
Does not have featureCustomizable dashboards
Does not have featureReport Formatting Templates
Ad-hoc Reporting Features
Has featureDrill-down analysis
Has featureFormatting capabilities
Does not have featurePredictive modeling
Does not have featureIntegration with R or other statistical packages
Has featureReport sharing and collaboration
Report Output and Scheduling Features
Has featurePublish to Web
Has featurePublish to PDF
Has featureReport Versioning
Has featureReport Delivery Scheduling
Data Discovery and Visualization Features
Does not have featurePre-built visualization formats (heatmaps, scatter plots etc.)
Does not have featureLocation Analytics / Geographic Visualization
Does not have featurePredictive Analytics
Does not have featureSupport for Machine Learning models
Does not have featurePattern Recognition and Data Mining
Does not have featureIntegration with R or other statistical packages
Access Control and Security Features
Has featureMulti-User Support (named login)
Has featureRole-Based Security Model
Has featureMultiple Access Permission Levels (Create, Read, Delete)
Has featureReport-Level Access Control
Has featureTable-Level Access Control (BI-layer)
Has featureField-Level Access Control (BI-layer)
Has featureSingle Sign-On (SSO)
Mobile Capabilities Features
Does not have featureResponsive Design for Web Access
Does not have featureDedicated iOS Application
Does not have featureDedicated Android Application
Does not have featureDashboard / Report / Visualization Interactivity on Mobile
Additional Features
Has featureEmbedded Financial Intelligence
Has featurePrebuilt Workforce Planning Business Process
Has featurePrebuilt Capex Planning Business Process
Has featurePrebuilt Project Financial Planning Business Process
Has featurePrebuilt Financial Statement Planning Business Process
Has featureMulti Device Access
Has featureClose Management with Intelligent Process Automation (IPA)

Oracle EPM Cloud Screenshots

Oracle EPM Cloud Video

Watch Royal Bank of Scotland Modernizes with Oracle EPM Cloud

Oracle EPM Cloud Downloadables

Oracle EPM Cloud Integrations

Microsoft Office Add-In

Oracle EPM Cloud Competitors

Pricing

  • 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

 Paid Version
Phone
Email
Forum/Community
FAQ/Knowledgebase
Video Tutorials / Webinar

Oracle EPM Cloud Technical Details

Deployment Types:SaaS
Operating Systems: Unspecified
Mobile Application:Apple iOS, Android
Supported Countries:100+ countries and regions
Supported Languages: Arabic, Danish, German, Spanish, Finnish, French, French Canadian, Italian, Japanese, Korean, Dutch, Norwegian, Polish, Portuguese (Brazilian), Russian, Swedish, Turkish, Simplified Chinese, Traditional Chinese