Enterprise Planning and Budgeting Cloud Service
EPBCS (Enterprise Planning and Budgeting Cloud Service) is a robust SaaS offering from Oracle that integrates many of the advanced features of Oracle Hyperion Planning. It provides comprehensive capabilities for budgeting, forecasting, data management, and analysis. Here are some key highlights:
Advanced Budgeting and Forecasting
EPBCS allows users to create detailed and dynamic budgets and forecasts. It supports sophisticated modeling, enabling organizations to generate multiple scenarios and analyze data based on various assumptions.
Predictive Analytics
The system includes refined predictive analytics capabilities that help in forecasting future trends and outcomes. This helps organizations in making informed decisions by analyzing potential future scenarios.
Rolling Forecast Wizard
EPBCS features a rolling forecast wizard that simplifies the process of implementing a driver-based rolling forecast. This tool helps keep forecasts updated regularly based on the latest data, improving accuracy and relevance.
Scenario Planning
With EPBCS, users can create and compare different "what-if" scenarios to evaluate the impact of various assumptions and decisions on their financials. This capability is crucial for strategic planning and risk management.
SaaS Deployment
As a cloud-based service, EPBCS offers the advantages of reduced IT overhead, scalable resources, and regular updates. It provides flexibility and accessibility, allowing users to access the system from anywhere with an internet connection.
Features of EPBCS
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 on 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 organizations 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 amortization calculations, cash flow planning and funding for investment and leased assets, as well as “buy versus lease” comparison. You can use this framework for planning asset-related expenses with automated processes for retirements, transfers, and improvements.
Project Financial Planning
For organizations 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 Modeling
The Strategic Modeling module allows you to get rid of manual and unreliable financial modeling methods. This module can be used for long-term planning, “what-if” modeling, corporate financials, and treasury initiatives. You can simulate various scenarios and stress test various financial models.