Oracle EPM is the complete package
Use Cases and Deployment Scope
we are using Oracle Oracle Hyperion Enterprise Performance Management for financial Close and Planning. We have merged with 6 other companies and needed a consolidated ledger. Financial Close offers that and our planning process is made easier across the divisions with Planning
Pros
- Consolidation of multiple GLs in the Close process
- Budgeting in multiple ways(zero based, driver based, strategic long term planning)
- providing detailed task lists to help new planners be successful without a lot of training
- ability to plan in web based forms or within the same form in excel
Cons
- users most likely can not create a system themselves, it requires knowledgeable consultants to help get the most out of the system
- Some users get frustrated because unlike excel based planning, there is structure and controls built in.
Likelihood to Recommend
Because it is a full suite of business processes, you can do most types of planning and financial close. It has processes for Financial, cash flow, Workforce, CapEx, project and strategic planning. It does not have anything for production planning