TrustRadius
Record to Report IT Manager
https://www.trustradius.com/corporate-performance-management-cpmOracle EPM CloudUnspecified8.1156101
Raju Aenike profile photo
March 20, 2019

Record to Report IT Manager

Score 8 out of 101
Vetted Review
Verified User
Review Source

Modules Used

  • Planning and Budgeting Cloud
  • Account Reconciliation Cloud

Overall Satisfaction with Oracle EPM Cloud

We 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.
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
There are initial challenges on timelines that was envisioned. It is not going to be lift and shift. Do thorough analysis and functionality mapping to cloud as part of Project Scope
  • It has positive ROI impact on our business. Hardware savings and future upgrade cost can be avoided.
Yes - I am a member of the ODTUG.
ARCS provides tight integration with Oracle ERP Systems
Oracle EPM cloud is well matured Product . It has rich functionality. Delivers new features regularly and provides regular monthly updates.

Oracle EPM Cloud Feature Ratings

Long-term financial planning
9
Financial budgeting
9
Forecasting
8
Scenario modeling
8
Management reporting
9
Financial Statement Reporting
9
Management Reporting
9
Excel-based Reporting
9
Automated board and financial reporting
9
XBRL support for regulatory filing
9
Personalized dashboards
8
Key Performance Indicator setting
8
Benchmarking with external data
8
Flat file integration
7
Excel data integration
9
Direct links to 3rd-party data sources
8