The answer is, of course, it depends.
Because Oracle Planning and Budgeting Cloud Service (PBCS) is a pre-built application with powerful features like Hyperion Planning, Smart View, Financial Reports, Predictive Planning, Financial Data Management, and Essbase (ASO) Reporting Cubes that come out-of-the box, it is tempting to expect a lightning-fast implementation.
Just like building a house, neglecting a methodical and carefully prepared approach while hiring unskilled contractors can save money in the short run but end up costing significantly more in the long term. A fast PBCS implementation in comparison to traditional on-premise deployments is expected, but remember — quality should trump speed.
The major pitfall to avoid is a PBCS package that lacks customization. A generic, one-size-fits-all package may be faster to deploy, but consider the added time and cost of fixing a failed implementation.
Here are some of the issues we've seen when cleaning up after failed PBCS projects:
You don’t have to choose between speed and quality. A successful PBCS implementation combines an efficient approach with attention to your organization's needs and expectations.
Following an agile methodology to give rapid return on investment, PBCS Pro by US-Analytics is an accelerated deployment customized for organizations. Features include the following:
These out-of-the-box features can typically be deployed within 8–12 weeks. If your environment requires specific customizations, be aware of these enhancements that can add some extra time to an implementation:
No matter the implementation time, Oracle PBCS saves significant time overall by reducing planning cycles, eliminating errors associated with Excel, and centralizing data. Oracle Hyperion customers report an average of 27 days saved in the annual plan, 27% fewer iterations of the plan, and 23% less time aggregating data.