In today’s dynamic business landscape, where agility and accuracy are paramount, Oracle Planning and Budgeting Cloud Service (PBCS) empowers corporate finance professionals with advanced capabilities and tools to drive strategic decision-making, optimize resource allocation, and enhance performance.
This article discusses the key capabilities and advantages of Oracle PBCS, exploring how it supports enterprise-wide planning initiatives and where our team of Oracle consultants can come in to help.
What is PBCS in Oracle?
Oracle Planning and Budgeting Cloud Service (PBCS) is an enterprise financial planning and analysis platform that leverages built-in financial intelligence and AI-driven predictive analytics to streamline budgeting, forecasting, and reporting processes and improve project performance.
With Oracle Planning and Budgeting Cloud Service functionality, organizations can remove critical cloud infrastructure barriers and deploy driver-based planning and budgeting applications quickly without requiring onsite hardware or software.
The Oracle PBCS platform improves planning and forecasting processes with:
- Full administrative access for external data integration, maintenance, and training materials
- Out-of-the-box best practices to accelerate project lifecycles
- Easy-to-use web interface to connect with the Oracle EPM Cloud and establish a distributed workforce
- Tailored planning capabilities and configurable planning framework to meet business requirements
- Robust analytics, dashboards, and predictive capabilities to improve insight into new and existing assets
- Support for flat file and large file loads through Oracle Hyperion and/or HTTP protocol
Key Features of Oracle Planning and Budgeting
Financials
Achieve fully integrated financial statement planning across core balance sheet, income statement, and cash flow objectives.
Strategic Modeling
Leverage long-range financial modeling tools to assess the impact of financial opportunities and threats and create financial reports based on real-time enterprise data.
Workforce
Improve Financial Workforce Planning for compensation-related expenses and organize enterprise planning data by employee or job code.
Capital
Initiate capital asset planning processes to create comprehensive plans that support cash flow planning and funding for investment and leased assets and depreciation and amortization calculations.
Projects
Enhance project financial planning for project-based departments and industries, including IT, Marketing, Research and Development, and more.
Oracle PBCS also includes robust Microsoft Excel add-ins and Smart View capabilities to support ad-hoc analysis and Excel-based interactions, create planning and financial reports based on historical actual data, and enable better connection to Oracle Cloud and on-premise environments.
Critical Differences Between PBCS and Oracle Hyperion Planning
While the Oracle Planning and Budgeting Cloud Service provides features similar to the on-premises Oracle Hyperion Planning suite, there are a few critical distinctions between the two solutions.
Oracle PCBS allows one core planning application per deployment and flexible planning capabilities for asset-related expenses and workforce planning initiatives but does not support optional planning modules, such as Capital Asset Planning, Public Sector Budgeting, and Workforce Planning.
Users can also manage Calculation Manager and User Management functionality outside of PCBS through the Oracle Identity Console and offers additional access to Smart View and Financial Reporting Studio directly from PCBS, eliminating the need for support from IT and administrative teams.
Why Choose a PBCS Oracle Deployment?
Oracle PBCS offers a powerful, flexible, and scalable solution for financial planning and analysis, enabling customers to streamline processes, improve decision-making, and maximize project revenue.
With Oracle PBCS, organizations of all sizes and industries can quickly adopt planning and budgeting cloud applications with no additional CAPEX infrastructure investments and access flexible deployment tools with a limited learning curve.
Cloud-Native Architecture: Built on an intelligent cloud-native architecture, Oracle PBCS provides the agility needed to adapt to changing business requirements while continuously offering scalable, secure, and accessible cloud functionality.
Advanced Analytics: Oracle PBCS provides built-in analytics and predictive modeling tools that empower finance professionals to gain insight into financial data, identify trends, and make data-driven decisions that drive business growth and profitability.
Regulatory Compliance: The Oracle PBCS platform maintains compliance by providing robust audit trails, data security features, and support for industry-specific regulations and reporting standards.
Integration Capabilities: By seamlessly integrating with other Oracle Cloud applications, such Oracle EPM solutions and third-party systems, enterprise customers can leverage their new and existing assets to create a unified financial management ecosystem.
Partnering with the Best
Whether you need help implementing the Oracle Planning and Budgeting Cloud Service, additional support facilitating efficient data management, or just an extra hand managing long term projects, Surety Systems is here to help.
Our senior-level Oracle consultant team has the technical know-how and functional expertise to handle your critical project needs and ensure continued success over time.
Contact Us
For more information about our Oracle consulting services or to get started on a project with our expert consultants, contact us today.
