#1 most frequent
United States of America
65.8%391 installations of 594
What is Oracle Fusion Cloud Enterprise Performance Management?
Oracle Fusion Cloud Enterprise Performance Management (EPM) is a solution that helps users model and plan across finance, HR, supply chain, and sales, streamline the financial close process.
Categories & Use Cases
Media
1 / 6
Screenshot of Process and Workflow - Flexible Workflow and Process Management - Annotations - Concurrency in Usage
Top Performing Features
Financial data consolidation
Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.
Category average: 8.3
Drill-down analysis
Drill down analysis is the ability to get to a further level of detail by going deeper into the hierarchy.
Category average: 8.3
Financial budgeting
Annual budget for revenue and operating expenses, headcount/compensation, capital expenses, projects, etc.
Category average: 8.9
Areas for Improvement
Predictive Analytics
Predictive Analytics is the ability to build forecasting models based on existing data sets.
Category average: 7.5
Customizable dashboards
Customizable dashboards are dashboards providing the builder some degree of control over the look and feel and display options.
Category average: 7.7
Report Formatting Templates
Category average: 7.7
Who Buys & Uses Oracle Fusion Cloud Enterprise Performance Management
#2 most frequent
United Kingdom of Great Britain and Northern Ireland
9.3%55 installations of 594
#3 most frequent
Canada
5.1%30 installations of 594
Oracle EPM cloud helps aligns with Business Strategy execution and to make data-Informed decisions faster
Use Cases and Deployment Scope
We are using Oracle Cloud EPM for consolidation, planning, budgeting, and forecast processes. We also use the financial reporting modules for reports.
Pros
- Setup and configuration are not that complex
- User interface is easy to navigate
- Reporting and SmartView ad-hoc reports provide self-serve options for users
Cons
- Can be combined into a single platform/application
- Integration for metadata and hierarchy management can be streamlined
Return on Investment
- It will meet our objectives within two to three years
Oracle Fusion Cloud EPM Review
Use Cases and Deployment Scope
We use Oracle Fusion primarily as our ERP solution for the modules General Ledger, Accounts Payable, Fixed Assets and Multiperiod Accounting. It is fully an integrated solution with SAP Concur and our Treasury Management Solution, GTreasury. The Oracle Fusion EPM allows us to produce consolidated financial statements in a timely manner.
Pros
- Integration
- Modular based
- Easily accessible
Cons
- Financial close enhancements
- Speed and performance particularly with data loads
- UX I.e. navigation and layout
Return on Investment
- Produce reports faster
- Produce reports more accurately
Usability
Alternatives Considered
Anaplan and OneStream
Other Software Used
Anaplan, SAP Concur, GTreasury, Oracle Fusion Cloud ERP
Just starting to dip our big toe into EPBCS
Pros
- It mimics HSF, but doesn't require the infrastructure or upgrades that HSF does.
Cons
- Currently there is a big functionality gap, in that iterations of models cannot be saved off unless scripts are written to do this. Oracle has promised Direct Migration functionality will be available in their May release.
Return on Investment
- No real impact as of yet...pretty much mimics what we had in HSF.
Alternatives Considered
none
Oracle EPM does the job for consolidation, planning, and analytical reporting to gain insights into your business
Pros
- Consolidation
- Planning and budgeting
- Data management
- Reporting
- Smartview
Cons
- Adoption of API with other products such as reporting into Tableau, Qlik, and Power BI
- Data integration with Salesforce platform
Return on Investment
- ROI
- Ease of use
- Intuitive
Alternatives Considered
BlackLine
Oracle Cloud EPM - Next Big Thing
Pros
- Downtime is really low
- Latency issues are rare as the instances are available in the nearby regions
- Reports are more useful and can be tailor made by everyone as per their use case
Cons
- Initial onboarding is a bit rocky and the performance is not up to the mark
- Unintuitive navigation
- At times data retrieval works at a snail's pace
Return on Investment
- Analysts are able to focus on more sophisticated analysis and basic reporting is now taken care of by Oracle Cloud EPM
- No need to maintain hardware across geographies
- Planning is more data driven
