Oracle Cloud EPM--the future of EPM
April 21, 2021

Oracle Cloud EPM--the future of EPM

Annie Jain | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Modules Used

  • Enterprise Planning Cloud
  • Planning and Budgeting Cloud
  • Profitability and Cost Management Cloud
  • Tax Reporting Cloud

Overall Satisfaction with Oracle Cloud EPM

Oracle Cloud EPM is primarily used for collecting, collating, and organizing companywide financial data and converting it into insights and meaningful information. It is also an integral part of our overall company planning as well as individual vertical planning. Planning here refers not only to financial planning but HR and individual project planning as well.
  • More relevant insights are delivered in no time, as all of the data is collated at a single place and then the built-in analytics tools help generate meaningful and actionable insights using machine learning
  • Financial reconciliation and reporting becomes easy, too, at different reporting standards like IGAAP and IFRS
  • Reports can be customized using smart view, and once the report is created, it keeps on auto-refreshing.
  • Customer support is not up to the mark; we almost always need to go up the escalation matrix in order to get the desired support in due time
  • Data extraction is slow, especially at the scale of my organization
  • Archaic user interface
  • It's expensive
  • We experienced a big benefit in terms of efficiency and productivity. Budgeting and planning is much faster and forecasts are more accurate.
  • Reporting is more streamlined and provides more depth and cuts.
  • No more investment required on hardware and maintenance.
Oracle Cloud EPM is more suited for the organizations where there are either no or only a few third-party applications, as integration with other applications is a nightmare and seems to be full of troubles. One simply can't bank on these integrations to deliver high performance; they seem to fail very often.

Oracle Cloud EPM Feature Ratings

Long-term financial planning
Not Rated
Financial budgeting
Not Rated
Forecasting
Not Rated
Scenario modeling
Not Rated
Management reporting
Not Rated
Financial data consolidation
Not Rated
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
Not Rated
Financial Statement Reporting
Not Rated
Management Reporting
Not Rated
Excel-based Reporting
Not Rated
Automated board and financial reporting
Not Rated
XBRL support for regulatory filing
Not Rated
Personalized dashboards
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
Not Rated
Flat file integration
Not Rated
Excel data integration
Not Rated
Direct links to 3rd-party data sources
Not Rated
Drill-down analysis
Not Rated
Formatting capabilities
Not Rated
Report sharing and collaboration
Not Rated
Publish to Web
Not Rated
Publish to PDF
Not Rated
Report Versioning
Not Rated
Report Delivery Scheduling
Not Rated
Multi-User Support (named login)
Not Rated
Role-Based Security Model
Not Rated
Multiple Access Permission Levels (Create, Read, Delete)
Not Rated
Single Sign-On (SSO)
Not Rated