If you’re thinking about migrating your Hyperion Planning environment to the cloud, there are several best practices that help you make the move successful. We’ve talked about how a cloud migration lends itself to the opportunity to consolidate and cleanse your environment. But before deciding what needs consolidation, you have to make a big decision: Oracle Enterprise Planning and Budgeting Cloud Service (EPBCS) or Oracle Planning and Budgeting Cloud Service (PBCS)?
Whether you choose PBCS or EPBCS, the overall benefits an Oracle cloud application are the same: no upfront cost for hardware or software, less IT involvement, and no annual maintenance costs. In this blog post, we’ll take a deeper dive into comparing Oracle’s cloud planning applications.
- 3 BSO Custom Plan Types
- 3 ASO Custom Plan Types
- 1 Consolidated Reporting Cube
Like the on-prem version of Planning, PBCS allows for flexibility to make changes to business rules and templates behind the business rules. This is where EPBCS departs from on-prem Planning. EPBCS has out-of-the-box frameworks that allow very little custom modification inside plan types. These are the five frameworks found within EPBCS:
- Financial Statement Planning
- Workforce Planning
- Capital Asset Planning
- Project Financial Planning
- Strategic Modeling
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.
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.
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. To learn more about Strategic Modeling, read the blog.
The prebuilt frameworks are the biggest difference between PBCS and EPBCS, but there’s also a major difference in the price tag. PBCS is $120 per user per month, while EPBCS is $250 per user per month. For organizations looking for out-of-the-box capabilities, EPBCS is a good fit, but you’ll have to pay a little more. PBCS allows for customization around your specific organization and though your monthly investment is cheaper, you’ll have to invest time and energy in customizing your environment.
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