Oracle Delivers Enterprise Financial Planning and Budgeting in the Cloud


Oracle Planning and Budgeting Cloud Service has been made generally available, opening up opportunities for organizations of all sizes to quickly adopt Oracle’s planning and budgeting solution with no additional spending on infrastructure. This is the first of Oracle’s enterprise performance management (EPM) solutions offered in the cloud as part of its Enterprise Planning Cloud portfolio.

“Oracle Planning and Budgeting Cloud Service will provide tremendous value to our customers, by removing obstacles such as IT hardware and software requirements associated with implementing a world-class planning and budgeting application,” said Chris Boulanger, vice president, EPM Practice, Cervello. “The Oracle solution is extremely flexible, scalable and feature-rich with functionality on par with the Oracle Hyperion Planning on-premises offering.”

The new service builds on the functionality of Oracle Hyperion Planning, including agile forecasting, predictive planning, rich scenario analysis and interactive dashboards. For operational efficiency, the EPM solution has built-in run time diagnostics and provides automated scaling to match user demand. Planning, reporting and analysis has been made easy through the integration of Microsoft Office tools, a web interface option has been included for this function.