TrustRadius to Report IT ManagerWe 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.,8,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,Reporting capabilities on EPM cloud are on par with OnPremise. All of our reporting requirements are met,8,It has positive ROI impact on our business. Hardware savings and future upgrade cost can be avoided.,ODTUG,BlackLineBest for you Finance/Accounting teamIt 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.,10,Fulfills all accounting needs. Also, the user needs to be a little bit creative to achieve what they are trying to get.,Great capabilities to remove lengthy Excel spreadsheets and combine everything under one system.,10,efficiency in the accounting department.,Not a member of any user groupsGreat productWe 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.,10,The product has provided an acceleration of financial analytics and profitability analysis.,We have used this capability to produce standard reports for the organization as well as using SmartView plugins to provide better access to analytical information.,10,The product has provided faster access to analytical information.,Not a member of any user groups,EPM user reviewWe currently use EPBCS for planning & budgeting across the organization. We leverage primarily the expense & workforce module and our user group are various cost centre managers & administrators,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,6,have not leveraged this function,6,Our users currently finds the product cumbersome to use and don't like the UI & webforms eliminated the need to manual consolidate excel templates, thereby reducing risk. Smartview allows FPA team to pull data out of the system very easily & perform their own analyses,Not a member of any user groups,IBM CognosARCS ReviewIt is being used globally.,The user interface is friendly. Good reporting of reconciliation status. The application was relatively easy to set up and use.,The auto-reconciliation feature could use some work. It would be great if there was some direct integration to EBS R12+ on-premise without the requirement to pull data via FDMEE.,8,Presently in Cloud, we are only using account reconciliation.,We have achieved positive results such as improved controls and streamlining account reconciliation with completeness and validation.,6,The benefits are mostly soft as we have not performed any hard calculations on time savings. For certain the tool enables better and more complete monitoring of the account reconciliation process.,Not a member of any user groups,Review of Enterprise CloudIt helps with supporting clients for an integrated reporting platform when we are selling multiple products within the oracle EPM stack both for cloud and on premise. Given it can report across clouds it works well for customer needs,Integrated Reporting Collaboration Report Creation Budgeting and Planning Consolidated results,Seperate products to buy Named users Bulk data loading.,9,It has helped sell deals by providing a phase approach and selling in different products over time with a multi faceted approach around user adoption and integrated solutions,The financial report writer is very antiquated needs to be improved,9,Defining a true reporting strategy Integrated planning Interested consolidations,ODTUG,Sr Director - Business Finance and TransformationUsed for Budgeting and almost real time view of global expense roll up and capital budgets. Was able to harmonize different charts of accounts, processes and consolidate under one platform for budgeting and management reporting,Flexibility, consolidations and mass data upload capability,Performance with large data set Limited customization,7,Streamlined financial forecast processes, consolidations and close process tie in,To a certain degree...dashboarding is the next frontier,8,Shorter forecast cycle window, standardization of COA leads to everyone speaking the same language,Not a member of any user groups,SAP BPC (Business Planning and Consolidation)Put your head in the clouds with EPM Cloud excellence!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.,8,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.,EPM Cloud offers 3 interfaces to input and report. First, a cloud-based excel interface; second, a fully functional Excel-based interface and finally and for reporting only a web publishing portal for standardized reporting in HTML, Excel (using SmartView), and pdf formats. This provides a high degree of flexibility, a wide variety of applications and affords uses with various levels of expertise. Recreating reporting in excel using SmartView (which was also available in HFM) provided a quick and seamless upgrade path. Existing benefits and new benefits were achieved quickly and painlessly.,8,Time savings Labor savings Faster close Seamless consolidations ability to report to parent Parent can pull information from local instance Smartview / Excel interface can be tricky,Not a member of any user groups,IBM Cognos, IBM Cognos Planning, SAP Analytics Cloud, SAP BPC (Business Planning and Consolidation), Adaptive Insights and Oracle Hyperion Enterprise Performance ManagementDriver driven EPBCSIt 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.,9,Yes we are using the adhoc reporting capabilities using Smart View and other out of box reporting capabilities.,9,Simplified process. Felixable to make changes to the planning in a dynamic market.,North East Ohio Oracle User GroupEPM Cloud Developer's POVI am helping my client move from on-prem to Cloud EPBCS with guidance to adopt as many of the out of the box frameworks as possible.,Reliability Ease of use Consistency with prior product to enhance user adoption,More flexibility within the frameworks Transparency in performance optimization More flexible migration options to exclude cubes in prod.,10,We offer a wide spectrum of big picture visioning to take full advantage of the possibilities for each client. We use cross functional and expanded scope to solve issues we uncover by asking questions and listening.,Clients typically push back a little when you start talking about scope expansion for a project due to budget constraints, but successful delivery will demonstrate the power of proper implementation and a “what else can we improve” attitude.,9,Reduction in development time Easier access via http Reliable consistent service Constantly improving performance and features,ODTUG Ohio Oracle User Group,SAP BPC (Business Planning and Consolidation)Net Neutral on PBCS and Negative on EPCRSEPM 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.,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,6,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.,We have not achieved these benefits due to complexity of implementation and resources required to support.,5,Net neutral,Not a member of any user groupsOracle FCCS for Consolidation and Close - thumbs upIt is used by Corporate to roll up the ledgers of all of our business units,Rolls up general ledger information from our business segments Easy to replicate our business heirarchy Reporting is a piece of cake,Performance when bringing in data from our business segments could be faster Will be later in 2018 before FCCS is equivalent to HFM,10,So far we've just mimicked the consolidation and close we do in HFM, but in phase 2 we will use it to automate our planning and budgeting process which is currently done in Excel.,Our business users were easily able to re-create the reports in FCCS that they had with HFM.,10,Net neutral thru phase 1 which encompasses consolidation and close ROI will be large for phase 2, when we automate our planning and budgeting processes that are currently done in Excel,Oracle Applications Users Group,NoneJust starting to dip our big toe into EPBCSBeing used by our Corporate FP&A department for Strategic Modeling.,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.,8,We are actually utilizing FCCS for our consolidation and close.,We are not utilizing reporting as of yet.,8,No real impact as of yet...pretty much mimics what we had in HSF.,Not a member of any user groups,noneEPM cloudWe are evaluating the Essbase cloud solution to replace the on-premise Essbase servers and reduce the hours in maintenance.,Reduce cost of support Reduce maintenance time,Automation capabilities using EPM automate utilities are limited when compared to on-prem No replacement for Ess comands,8,Essbase cloud can reduce the cost and save maintenance time,We are in the evaluation phase.,3,Reduction in maintenance cost Limited automation capability FCCS does not have ASO reporting functionalities,ODTUG,OneStream XF and AnaplanOracle Financial Consolidation and Close Cloud - Why use it?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.,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.,8,Along with Oracle Oracle Financial Consolidation and Close Cloud, our client also uses Cloud Human Capital Management - Benefit Module and Oracle Planning and Budgeting cloud. Since these systems integrate well with each other, it allows them to plan different aspects of not only finance but also HR and its respective costs in a very efficient manner.,The reports and analytics capability has really helped in identifying the flows and the overall situation of finances. Due to this, not only the executives but also the leadership uses the application quite frequently. Even with slow performance and bad UX, the application is pretty easy to use so there is less friction from the employee side in using the application.,Not a member of any user groups,Oracle EPMOracle EPM Cloud is being used across the whole organization to help facilitate budgeting and forecasting needs for the company. It is replacing extraneous Excel models and Access databases, along with an outdated financial ERP system.,One-stop shopping Ease of use for users No need for IT support,Data loading Ease of use with on-premise applications Integration with other systems,10,Oracle EPM has allowed the company to plan across all organizations and allow corporate to easily roll-up that information for a much easier look at the overall health of the company.,Allowed analysts to be analysts, not spreadsheet updaters Much faster review of financial budgeting and projections Easier management reporting to board,,Don't replace Infor EPM with Oracle PBCSWe are using it for: A) Modelling our Future Income and Associated Unit targets; B) Modelling our Future Payroill costs; C) Collecting Tactical financial budgets; D) Transfering A and B into C to build a future balance sheet and P&L.,It is delivered over a web browser.,Compared to Infor it is very script heavy and it is more difficult for Fianance users to maintain themselves. Difficult to get data in and out of it, compared to Infor. Very little room for formatting of web forms limiting its use for reporting.,3,No, this was working better with Infor.,It has taken far longer to implement than planned, is still a work in progress and hasn't yet got us back to where we were with Infor.,Infor EPM,Oracle Siebel CRMPBCS YoOracle Planning and Budgeting Cloud services (PBCS) is being used only by a few business units which have a different planning process than the worldwide business partners. The major issue addressed is the network latency due to existing in-house servers being located in a different continent.,Easy Deployment - since the infrastructure is all in place and doesn't need coordination between internal teams in installing servers or providing background support from relational database personnel. Open access - users don't have to be connected to the VPN if they have to finish some work real quick. Less administrative work for admins on managing and setting Essbase properties etc.. for optimization.,Task Lists open to all in simplified view even though security is assigned. Would like to see an easy way to upload application security from a flat file. Simplified view is good for users, but would prefer the administrators to be able to select default classic view. The view sometimes keeps slipping into simplified view even though the classic view has been selected.,7,Currently, our organization is only using the Oracle Planning and Budgeting Cloud services for our budgeting and forecasting solutions for the finance department alone. No current plans in place to leverage for the other departments. On-premise systems are in place to provide the solutions for the other departments which is currently sufficient to the business needs.,It is easy to bring the app according to the needs of the users. The user community maintains the app by themselves now.,
Oracle EPM Cloud
133 Ratings
Score 8.0 out of 101
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Oracle EPM Cloud Reviews

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Oracle EPM Cloud
133 Ratings
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Score 8.0 out of 101

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Josh Carl profile photo
March 21, 2019

Great product

Score 10 out of 10
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Likelihood to Recommend

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.
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March 20, 2019

EPM user review

Score 6 out of 10
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Likelihood to Recommend

Great in eliminating multiple spreadsheet workbooks to collect forecast/budget books
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March 20, 2019

ARCS Review

Score 8 out of 10
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Likelihood to Recommend

Great for putting additional controls around your account reconciliation process, such as completeness, tracking, and assigning account reconciliations.
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Vishal Shivdasani profile photo
February 12, 2019

Put your head in the clouds with EPM Cloud excellence!

Score 8 out of 10
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Likelihood to Recommend

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.
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Mike Stevenson profile photo
October 24, 2018

EPM Cloud Developer's POV

Score 10 out of 10
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Likelihood to Recommend

I would strongly recommend migration to the Cloud for new customers, existing customers that can adapt to the frameworks, and clients with flexibility in improving the way they use the product for peak performance.
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June 25, 2018

EPM cloud

Score 8 out of 10
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Likelihood to Recommend

Cloud solution will be good for the medium level organization.
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November 20, 2017

Oracle Financial Consolidation and Close Cloud - Why use it?

Score 8 out of 10
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Likelihood to Recommend

If you've been using other Oracle Fusion apps and want to add this new capability, you should definitely look forward to it. While it does have the same issues the other Fusion apps have which is a bad UX and bugs, it is comparatively less buggy. If you're looking for an end to end solution with great reporting capability, go for it.
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October 18, 2017

Oracle EPM

Score 10 out of 10
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Likelihood to Recommend

Anytime you want to replace Excel models and have a single source of data reporting.
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October 10, 2016


Score 7 out of 10
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Likelihood to Recommend

PBCS is well suited for small to mid size companies with small IT footprints.
It would be able to grow much if network latency issues across the globe can be removed to have a single app available all across.
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Feature Scorecard Summary

Long-term financial planning (10)
Financial budgeting (13)
Forecasting (13)
Scenario modeling (12)
Management reporting (11)
Financial Statement Reporting (11)
Management Reporting (12)
Excel-based Reporting (12)
Automated board and financial reporting (9)
XBRL support for regulatory filing (7)
Personalized dashboards (10)
Key Performance Indicator setting (10)
Benchmarking with external data (9)
Flat file integration (12)
Excel data integration (11)
Direct links to 3rd-party data sources (10)

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:

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)

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Oracle EPM Cloud Integrations

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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 or contact Oracle Sales at +1.800.633.0738.

Oracle EPM Cloud Support Options

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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