Oracle EPM Cloud Planning Features Overview

Summary

In this presentation, Carole Judd, a financial analyst at Vision Corporation, discusses the implementation of Oracle EPM Cloud to enhance planning and forecasting processes. The tool has streamlined workflows, improved accuracy, and reduced costs. Carole showcases its user-friendly interface, which resembles Excel, allowing for easy adjustments to financial plans and forecasts. Key features include predictive planning based on historical data, integration with Microsoft products, and a robust workflow for approvals. Ultimately, Oracle EPM Cloud fosters collaborative planning across the organization, ensuring informed decision-making and efficient financial reporting.

Takeaways

• 😀 Oracle EPM Cloud was implemented at Vision Corporation to enhance planning and forecasting processes.
• 📊 The platform provides a user-friendly dashboard that allows easy access to financial plans and key business data.
• 🔍 Users can visualize various planning scenarios and their impacts on baseline data through charts and graphs.
• 📈 Adjustments to forecasts are easily made, with visual indicators showing changes and recalculated dependent values.
• 🧠 The predictive planning feature utilizes historical data to forecast future performance using sophisticated statistical methods.
• 📅 Oracle EPM Cloud enables seamless integration with Excel for ad-hoc analysis, allowing users to manipulate data flexibly.
• 🚀 Users can quickly create and modify reports, such as quarterly income statements, based on updated financial data.
• 📱 The solution supports planning on mobile devices and web browsers, enhancing accessibility for users.
• 📝 A robust workflow system facilitates the approval process for revised plans, allowing for annotations before submission.
• ✅ Upon approval, the system generates comprehensive financial statements and reports for the entire company.

Q & A

What role does Carole Judd hold at Vision Corporation?

Carole Judd works as a financial analyst at Vision Corporation.

What system did Vision Corporation implement to improve their planning and forecasting processes?

They implemented Oracle EPM Cloud.

What benefits did Vision Corporation experience after implementing Oracle EPM Cloud?

They found improvements in accuracy and reductions in costs.

What types of planning does Vision Corporation use Oracle EPM Cloud for?

They use it for long-range planning, periodic rolling forecasts, and line of business planning.

How does the homepage in Oracle EPM Cloud help users?

The homepage displays new announcements and notifications, allowing easy access to financial plans, statements, revenue, and expense plans.

What features does the dashboard in Oracle EPM Cloud provide?

The dashboard showcases multiple charts, graphs, and tables that highlight key business data and compare various planning scenarios against the current baseline.

How does Oracle EPM Cloud handle changes in sales forecasts?

Users can easily adjust values, which are displayed in different colors, and any dependent values are recalculated automatically.

What is predictive planning in Oracle EPM Cloud?

Predictive planning uses sophisticated time series forecasting techniques to predict performance based on historical data and validate previously entered forecasts.

Can users integrate Excel with Oracle EPM Cloud?

Yes, users can work in Excel through Smart View for ad-hoc analysis, utilizing Excel functionalities to enhance their analysis.

What happens after the planning exercise is completed?

The revised plan can be promoted for approval, and once approved, the system generates financial statements and related reports for the entire company.