Oracle Planning + Budgeting Cloud Rocks!
Anonymous | TrustRadius Reviewer
June 30, 2019

Oracle Planning + Budgeting Cloud Rocks!

Score 9 out of 10
Vetted Review
Verified User
Review Source

Modules Used

  • Planning and Budgeting Cloud

Overall Satisfaction with Oracle EPM Cloud

Oracle Planning and Budgeting Cloud is being used by our Finance Team and some select departments to do planning, forecasting, budgeting, and reporting. It's not being used by the whole company, but I estimate about 30%. It's a cloud-based platform which is great in driving new user adoption for teams outside of Finance. It's intended to address forecasting, budgeting, and reporting while serving as single-source-of-truth for all financial data.
  • Cloud based platform
  • Robust modeling capability
  • Easy to use for a Finance professional familiar with Excel and EPMs in general
  • Great Excel integration! A rarity for EPMs!
  • Good security
  • Better visualization/charting options.
  • More user-friendly tutorials to get up to speed on the system.
  • Would be great if the tool required less maintenance so the Finance Team could own it outright themselves.
  • General speed.
While Oracle Planning and Budgeting Cloud does have this capability, our company does not take advantage of it today. We are just using the core application which has been working great!
We do leverage the reporting capabilities and they have been pretty good. Nothing stellar but also better than I expected. It's helped us automate financial statement sand board reporting. This saves time and enables a portion of our team to spend more time on analysis vs manual report creation. The charting capabilities are a little limited, but you get used to it.
I suggest doubling the time to implement from the initial quote you get from the Sales team. That's always been the case for me for multiple EPMs now. The out-of-the-box functionality of Oracle Planning and Budgeting Cloud is pretty robust so I appreciate that and it really helped us get the ball rolling quickly.
  • Improved forecast accuracy.
  • One single source of truth for actuals and forecasts.
  • Better scenario management.
  • Faster reporting process.
  • Faster budgeting process.
  • Better modeling capabilities.
Oracle Planning and Budgeting Cloud is one of the more robust and well-rounded EPMs on the market. It comes with robust out-of-the-box functionality which is a great benefit in comparison to its peers. The Excel integration is also top notch which Financial Analysts really appreciate. Cost is a little high and maintenance is a bit heaver than other tools so that is something to consider. The product keeps improving!
Appropriate: complex financial modeling, internal and external financial reporting, budgeting, reporting, and basic charting. Less appropriate: your main/sole visualization tool, decentralized budgeting process.

Oracle EPM Cloud Feature Ratings

Long-term financial planning
9
Financial budgeting
8
Forecasting
8
Scenario modeling
8
Management reporting
9
Financial data consolidation
6
Journal entries and reports
5
Multi-currency management
7
Intercompany Eliminations
5
Minority Ownership
5
Local and consolidated reporting
7
Detailed Audit Trails
10
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
8
XBRL support for regulatory filing
7
Personalized dashboards
8
Color-coded scorecards
7
KPIs
7
Cost and profitability analysis
6
Key Performance Indicator setting
6
Benchmarking with external data
8
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
8
Pixel Perfect reports
8
Customizable dashboards
7
Report Formatting Templates
8
Drill-down analysis
9
Formatting capabilities
7
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
8
Publish to Web
Not Rated
Publish to PDF
9
Report Versioning
9
Report Delivery Scheduling
8
Pre-built visualization formats (heatmaps, scatter plots etc.)
3
Location Analytics / Geographic Visualization
3
Predictive Analytics
3
Multi-User Support (named login)
9
Role-Based Security Model
9
Multiple Access Permission Levels (Create, Read, Delete)
9
Single Sign-On (SSO)
10
Responsive Design for Web Access
6
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated