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Oracle Cloud EPM in the media industry
Updated January 15, 2020

Oracle Cloud EPM in the media industry

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

Modules Used

  • Account Reconciliation Cloud

Overall Satisfaction with Oracle EPM Cloud

Oracle Account Reconciliation Cloud is used by finance. It is used to reconcile accounts during period-end activities.
  • 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
  • Process streamlining
  • Efficiency
  • Time reduction
EPM was the only product we have evaluated.
ARC is well suited for period and year-end close process.

Oracle Fusion Cloud Enterprise Performance Management Feature Ratings

8.0
Financial budgeting
8
Forecasting
8
Scenario modeling
8
Management reporting
8
9.0
Financial data consolidation
9
Journal entries and reports
9
Multi-currency management
9
Intercompany Eliminations
9
Local and consolidated reporting
9
Detailed Audit Trails
9
8.7
Financial Statement Reporting
9
Management Reporting
9
Automated board and financial reporting
8
Analytics and Reporting ()
Not Rated
8.0
Flat file integration
8
Excel data integration
8
BI Standard Reporting ()
Not Rated
8.3
Drill-down analysis
8
Formatting capabilities
8
Report sharing and collaboration
9
Report Output and Scheduling ()
Not Rated
Data Discovery and Visualization ()
Not Rated
8.0
Multi-User Support (named login)
8
Role-Based Security Model
8
Single Sign-On (SSO)
8
Mobile Capabilities ()
Not Rated

Oracle EPM Cloud Decision Factors

Adoption, and Customer Service

We have been receiving good support so far from Oracle through the CSM we deal with.

Using Oracle EPM Cloud

70 - Core Finance business users and users from different other departments
2 - 1 functional and 1 technical
  • Budgeting & planning for Opex/Capex and Manpower
  • Profitability and Cost Management
  • Chatbot
  • Digital Assistant
  • Enable ARC
  • Enable performance reporting
The product has made a difference in the way we run our operations

Evaluating Oracle EPM Cloud and Competitors

  • Price
  • Product Features
  • Product Usability
  • Product Reputation
  • Existing Relationship with the Vendor
  • Analyst Reports
Product features
We would do it the same way.

Oracle EPM Cloud Implementation

  • Third-party professional services
Evosys
Yes - FCCS
EPBCS/Manpower
EPBCS/Capex & Opex
Change management was a major issue with the implementation - We need to take more time with the business stakeholders explaining to them what the product could do for them and how they could benefit from it.
  • EPM is not always a plug and play product
  • It requires a different technical skill set (ESBASE)

Oracle EPM Cloud Training

  • no training
The interface is easy to learn but we faced a challenge with the technical knowledge which requires a different skillset (ESBASE)

Configuring Oracle EPM Cloud

EPM is only good if you have the right structure set up in your environment.
The core financial structure needs to be streamlined before you should consider implementing EPM
No - there is no facility to customize the interface
No - the product does not support adding custom code

Oracle EPM Cloud Support

ProsCons
Quick Resolution
Good followup
Knowledgeable team
Problems get solved
Kept well informed
Support understands my problem
Quick Initial Response
Escalation required
Difficult to get immediate help
The exceptional support is usually received through the CSM not through Oracle support directly

Using Oracle EPM Cloud

EPM usability is good in some modules but needs some improvement in others
ProsCons
Like to use
Easy to use
Technical support not required
Well integrated
Consistent
Quick to learn
Familiar
Unnecessarily complex
Cumbersome
Feel nervous using
  • Reporting
  • Consolidation
  • Budgeting recharges
  • ARC

Oracle EPM Cloud Reliability

The product is scalable
EPM has been so far available all the time
The product performance is so far very good

Integrating Oracle EPM Cloud

Relationship with Oracle

The vendor was good
There should have more involvement from the vendor after the implementation
Pricing

Upgrading Oracle EPM Cloud