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

Financial budgeting
Scenario modeling
Management reporting
Financial data consolidation
Journal entries and reports
Multi-currency management
Intercompany Eliminations
Local and consolidated reporting
Detailed Audit Trails
Financial Statement Reporting
Management Reporting
Automated board and financial reporting
Flat file integration
Excel data integration
Drill-down analysis
Formatting capabilities
Report sharing and collaboration
Multi-User Support (named login)
Role-Based Security Model
Single Sign-On (SSO)

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
Yes - FCCS
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

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

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
Like to use
Easy to use
Technical support not required
Well integrated
Quick to learn
Unnecessarily complex
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