What is PBCS?

Summary

This video introduces Oracle Enterprise Planning Cloud's Planning and Budgeting Cloud Service (PBCS), a powerful cloud-based solution for centralized planning, budgeting, and forecasting. PBCS enhances accuracy, speeds up planning cycles, and supports flexible modeling and robust analysis. Users can input data, run calculations, and review forecasts via web and Excel. The service includes features like task management, dashboards, and business rules. Additionally, Oracle's Enterprise Planning option provides pre-built frameworks for various planning processes. PBCS integrates with data management tools and offers reporting capabilities, making it scalable, user-friendly, and adaptable for evolving business needs.

Takeaways

• 😀 PVCs is a cloud-based solution for centralized planning, budgeting, and forecasting, aiming to improve planning cycles and accuracy.
• 😀 Users can input and review plans over the web and Excel, with flexible modeling and powerful what-if analysis capabilities.
• 😀 PVCs is built on Essbase, enabling users to slice and dice data, analyze variances, and run powerful reports.
• 😀 PVCs supports business rules and is highly configurable to meet various calculation requirements.
• 😀 The solution is scalable, easy to deploy, and integrates with Oracle Enterprise Planning Cloud for a comprehensive planning system.
• 😀 The interface includes dashboards, task lists, and data forms to help users input, review, and calculate data.
• 😀 PVCs offers the ability to enter plan data in Excel using the Smart View add-in, providing a seamless user experience.
• 😀 The Enterprise Planning option includes pre-built frameworks for financials, workforce, capital, and project planning, with modular and configurable components.
• 😀 Pre-built content, such as KPIs, reports, and dashboards, is based on best practices and remains upgradable with Oracle's future releases.
• 😀 Data Management is an ETL tool for loading data, with mapping capabilities for integrating external sources into the PVCs system, and future releases will enhance functionality.
• 😀 Smart View and Financial Reporting are supporting tools for creating detailed reports, performing analysis, and maintaining dimensions, with support for integration into Excel and PowerPoint.

Q & A

What is Oracle Planning and Budgeting Cloud Service (PBCS)?

PBCS is a cloud-based solution designed to facilitate centralized planning, budgeting, and forecasting. It helps businesses shorten planning cycles and improve the accuracy of their plans and forecasts.

How does PBCS improve user experience in planning and budgeting?

PBCS allows users to input and review plans both via the web and Excel. It supports flexible modeling, 'what-if' analysis, and powerful reporting capabilities, making it easier for users to collaborate, review, and analyze data.

What role does Essbase play in PBCS?

Essbase is the underlying technology for PBCS, providing powerful reporting and analysis capabilities. It enables users to slice and dice data across various dimensions and drill down into issues and variances quickly.

What are the main components of the Oracle Enterprise Planning Cloud?

The Oracle Enterprise Planning Cloud includes both the original PBCS solution and the Enterprise Planning option, which contains pre-built frameworks for financial planning, workforce planning, capital expenditure (CapEx) planning, and project planning.

What is the difference between the original PBCS and the Enterprise Planning option?

The original PBCS offers a flexible planning and budgeting solution, while the Enterprise Planning option includes pre-built frameworks tailored to specific business requirements, such as financials, workforce, CapEx, and project planning.

How do users interact with PBCS dashboards?

Users can view visualizations of actual and forecast data in dashboards. These dashboards can include charts, URLs, and commentary. Power users and administrators can create and customize dashboards to present data in a meaningful way.

What are 'task lists' in PBCS?

Task lists are guides created by administrators or interactive users to help guide individuals through a specific process in PBCS. They can include steps such as accessing dashboards, running business rules, and entering plan data.

Can users input plan data in Excel?

Yes, users can input plan data in Excel using the Smart View add-in, which allows them to access task lists, enter plan data, submit data, and run calculations directly within Excel.

How does data management work in PBCS?

Data management in PBCS is used to load data into the system. It provides tools for mapping and loading data from source systems into PBCS. The process is designed for business users, requiring no IT expertise, and it currently supports file-based sources.

What tools are available to create reports in PBCS?

PBCS offers tools like Financial Reporting for creating highly formatted reports, Smart View for analysis and reporting in Excel, and interactive dashboards for real-time data visualization. These tools are highly configurable to meet the reporting needs of users.