Oracle Planning + Budgeting Cloud Rocks!
June 30, 2019
Oracle Planning + Budgeting Cloud Rocks!
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.
- 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!