EPBCS

EPBCS includes Oracle Hyperion Planning’s world-class budgeting, forecasting, data management, and analysis features in a software-as-a-service (SaaS) deployment model. It offers refined demonstrating and prescient insightful capacities that permit clients to imagine different scenarios in which variants and cut-up information are in view of different imaginings of scenarios. Additionally, EPBCS has a rolling forecast wizard that makes implementing a driver-based rolling forecast process straightforward.

Features

• • Financial Statement Planning:

  • This framework includes four sub-processes that can be enabled one at a time: Revenue, Expense, Balance Sheet, and Cash Flow.
  • The Financial Statement Planning framework allows users to integrate balance sheets with income statements and cash flow. If you make changes to an income statement, it automatically updates the balance sheet and cash flow. You can also access the framework for revenue/sales and gross margin planning to add dimensions for unique business drivers.
  • This framework supports direct and indirect cash flow methods. You’re also able to leverage the framework for trend-based planning using best practice expense drivers.

• Workforce Planning:

  • This framework attempts to address the needs of HR and Finance, allowing the department to plan by employee or job code for compensation-related expenses. Workforce planning can be used enterprise-wide and has the capability to support large organisations spanning the globe. 
  • With this module, you’re able to align your HR strategy with corporate priorities. It’s also a tool for business users to easily keep up with their expenses and benefits.

• Capital Asset Planning:

  • This framework allows you to track new and existing assets, as well as intangibles. Capital Asset Planning supports depreciation and amortisation calculations, cash flow planning and funding for investment and leased assets, as well as “buy versus lease” comparisons. You can use this framework for planning asset-related expenses with automated processes for retirements, transfers, and improvements.

• Project Financial Planning:

  • For organisations with many internal projects — such as IT, marketing, R&D, and training — this framework allows for driver-based planning for both short- and long-term projects. This framework lets individual employees drive their project-related planning while tracking asset-related expenses and project revenues. You also get out-of-the-box analysis to review project performance, project revenue, expenses, and cash flows.

• Strategic Modelling: The Strategic Modelling module allows you to get rid of manual and unreliable financial modelling methods. This module can be used for long-term planning, “what-if” modelling, corporate financials, and treasury initiatives.

Benefits:

• Automation:

  You can automate specific routine tasks like scheduling reports to be sent to stakeholders or importing and exporting metadata with Oracle Cloud EPM. You can cut down on manual errors, long filing times, and delays with automation. During the month-to-month and monetary year-end, shutting books precisely and on time is fundamental.

  Once automated, many financial closure and reconciliation-related tasks allow finance and accounting stakeholders to concentrate on more strategic, value-based tasks. Finance professionals can use their time to analyse and plan actions accordingly rather than verifying, manipulating, and reconciling data.

• Conformity with Regulatory Bodies:

  The environment for regulatory and legal compliance is constantly shifting. Your company’s financial policies ought to be in line with international standards, especially in light of the ever-increasing number of security concerns. You won’t have to worry about staying current and enforcing international security standards and guidelines in your systems with Cloud EPM. For frameworks for which it has obtained a third-party attestation or certification, Oracle provides information. As a result, your company’s compliance with the guidelines is bolstered, and policies that are changing are addressed by quarterly automatic system updates.

  Your invoicing, payments, and financial procedures will need to change as a result of the frequent tax law reforms brought about by the government. The Cloud EPM platform connects processes with data and metadata in a manner that is appropriate for changing tax policies. The modifications to the financial reports, planning, and budgeting system are then automatically reflected.

• Quicker financial decisions in the face of disruption:

  Unlike in the past, when finance and accounting practice heads were viewed as contributors to income statements, balance sheets, reporting, and producing profit and loss records, businesses have begun to recognise that finance leaders can add value to the process of making strategic decisions as a result of the expansion of technology. Now, when the finance team receives profit and loss statements, they begin to investigate deeper-level business questions. The grunt work that is still bogging down these teams can be eliminated with the help of EPM Cloud, giving finance associates access to a robust application platform that reduces their workload and automates manual tasks.

  You can connect all business verticals and plan across the organisation at a granular level with the modernised Cloud EPM solution, giving you the speed and agility you need to stand strong in the face of unanticipated disruption. With clear forecasts, a budgeting report, and a quick look at your finances, you can make decisions that will help you not only survive but thrive!

• Out-of-the-box functional value:

  Features like “out-of-the-box planning” content from the EPM Cloud go beyond unsupported “starter templates” from an “app store”. Instead, they are novel new modules that can be customised to meet the requirements of your particular business but can still be upgraded by Oracle.

  Do you believe that the procedures you use to plan and budget are too unique to be used in standard planning content? With planning and budgeting, the choice is not one of “all or nothing”. Exploiting the setup ‘blend’the setup permits you to consolidate arranged processes with pre-fabricated arranging parts from Prophet. Pre-built planning/budgeting components like models, dashboards, reports, key performance indicators (KPIs), and planning accelerators continue to increase. The unparalleled insight your company requires is provided by robust analytics, dashboards, what-if, and predictive capabilities.

• Integration with Oracle Cloud ERP and Other Non-Cloud Solutions:

  Oracle Cloud EPM provides advantages over other financial solutions that are available in the market by combining a comprehensive set of essential features into a single platform. It provides the privilege to coordinate various financial information streaming from different horizons. It also offers consolidated level information for Financial Analysis and Strategic Decision Making for the organisation.

  The Data Management module from Oracle Cloud EPM, the out-of-the-box feature, has the capability to integrate with ERP systems (like Oracle Fusion, NetSuite, etc.) for pulling data into Cloud EPM. However, this system can also integrate data via structured files from any other ERP system. Once the data integration is finalised, the system can automate the integration process at required intervals.