Oracle Cloud EPM exceeds expectations
Rosetta Cheung | TrustRadius Reviewer
September 18, 2019

Oracle Cloud EPM exceeds expectations

Score 9 out of 10
Vetted Review
Verified User
Review Source

Modules Used

  • Planning and Budgeting Cloud

Overall Satisfaction with Oracle EPM Cloud

It's being used by the FP&A team for monthly business reporting package. Prior to having the Oracle EPM Cloud, the team used Excel spreadsheets. This is a lot easier without having to manually calculate other formulas.
  • Smart View allows accountants to create their own reports easily.
  • Reports are dynamically refreshed after the month-end close.
  • Allows flexible reporting using alternative account hierarchy.
  • Our implementation consultant set up all the business rules for calculations to get us live, and we may have difficulty setting up new ones going forward. We feel like that we now need to hire someone who has the technical knowledge to help us to manage the system going forward.
We are just live on it for one month. We definitely see how easy it is to implement, and how quickly our analysts are able to use Smart View to create their reports. We gain efficiency in monthly report preparation for the CFO's office.
The biggest problem it solves, for now, is to improve our monthly reporting, and we just started to see the time reductions when preparing our reporting package.
  • We started to build out our planning and budgeting process, and it will streamline our upcoming budgeting process.
Oracle EPM Cloud is much more user-friendly when compared to Prophix. Oracle's Smart View, compared to Prophix Excel plug-ins, is a lot more flexible.
We just automated our GL feeds into Oracle Cloud EPM so we can run reports in real-time. It is very helpful to see the preliminary financial results.

Oracle Cloud EPM Feature Ratings

Long-term financial planning
9
Financial budgeting
9
Forecasting
9
Scenario modeling
9
Management reporting
9
Management Reporting
9
Excel-based Reporting
9
Automated board and financial reporting
9
Flat file integration
9
Excel data integration
9
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
9
Multiple Access Permission Levels (Create, Read, Delete)
Not Rated
Single Sign-On (SSO)
Not Rated