Amidst the global pandemic, Oracle announced that it is providing free access to Oracle Financial Statement Planning and Strategic Modeling to all existing Oracle Planning Cloud customers for the next 12 months.
Financial Planning and Strategic Modeling - two pre-built modules that come bundled with the ePBCS license. As Oracle is offering free access to both these modules, customers can opt for a new implementation to meet their business requirements.
The offer is applicable from May 13, 2020 to April 30, 2021 to all existing Oracle Planning Cloud customers. After April 30, 2021, Oracle will charge the customer with ePBCS license subscription based on user licenses.
BENEFITS OF FINANCIAL STATEMENT PLANNING
Oracle Financial Statement Planning will help Oracle customers run detailed, hypothetical scenarios for a wide array of possible economic situations, including payment delays, inventory fluctuations, and supply disruptions - a critical and urgent need during an unpredictable economy.
This will also help increase the accuracy of revenue and cash flow forecasting and capital structure scenario modeling, and assist with bank covenant compliance, funding compliance, and credit rating calculations
With free access to these industry-leading capabilities, Oracle customers will be able to benefit from:
BENEFITS OF STRATEGIC MODELING
Strategic Modeling comes with a comprehensive set of pre-built financial statement reports on income statement, balance sheet and cash flow, enabling users to quickly create long range forecast and model for fast-changing business dynamics using built-in sophisticated scenario modeling capabilities and debt and capital structure management features. It provides a compelling solution that can be used to set targets, perform quick financial impact analysis, and present focused financial information for informed decision making in an uncertain market.
When market disruptions arise, there are actions that organizations can take today to position their business for success no matter what news tomorrow brings.
Organizations must prepare to confidently respond to three critical questions:
The key to addressing these questions is having a strategic modeling and connected planning solution that provides real-time analysis and the ability to statistically analyze an unlimited number of “what-if” scenarios for contingency planning.
By using the out of the box financial statements structure and building it out to the company-specific chart of accounts structure, financial analysts and planners can get instant feedback on the impact of changes they make to each scenario.
Download a white paper on Scenario Modeling here.
According to Hari Sankar, Group Vice President, Oracle EPM Cloud, “No one knows what a post-COVID-19 world will look like and no two industries or geographies are experiencing the same reality, but the one certainty is that every organization needs to balance urgent and critical short-term needs with long-term strategic priorities.
In this environment, scenario planning and strategic modeling have become essential to finance teams as they assess a wide array of possible outcomes, forecast revenues and liquidity, and make iterative short- and medium-term forecasts. That’s why we have taken this step in order to help our customers.
No one has a crystal ball, but regardless of what happens in the coming months, we are committed to helping our customers. For CFOs and finance leaders across the globe, the next few months will represent their biggest professional challenge. We’re here to support you and we’ll get through this together!”
Additional Resources
EPM Cloud Planning Training and Tutorials