Oracle EPM For Planning and Budgeting Solution
Managing Dimensions in EPM Business Processes
Moving from Budgeting hairball to streamlined Planning and Budgeting
Cloud EPM business processes use dimensions to categorize organizational data, such as time periods, budget items, and departments. Review and customize these dimensions based on your needs.
Year: Add years to the calendar
Period: Specify base time periods (e.g., months) and weeks distribution.
Scenario: Type of data in a plan (e.g., budget, actual, forecast) and time span.
Account: Specifies data collected from budget planners (e.g., Rent Expense, Cash on Hand).
Entity: Represents the flow of information through your organization.
Department: Organize data by departmental responsibilities.
Project: Represents specific initiatives within the budget plan.
Currency: Identifies the currency for displayed values; plan in one or more currencies.
Version: Allows flexibility and iterative planning cycles.
PerformDay Planning Best Practice
Transform the planning cycle into an evolutionary process, bringing tangible and intangible returns for the organization
Identify infrastructure supporting the budgeting
Allocate resources effectively, provide adequate training for employees, and establish a structured budgeting process with clear guidelines.
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Set Appropriate Budget Detail Levels
Strike a balance in setting budget details effectively to capture significant variances without overcomplicating the process.
Define Key Performance Metrics
Select relevant metrics to track organizational performance and align efforts with strategic goals and make informed decisions.
Make planning & budgeting collaborative
Engage various levels of the organization in the planning process to enhance accountability and execution in the collaborative process.
Align Tasks with Planning & resources with strategy
Ensure daily operations support the strategic plan and use flexible processes like reforecasting to quickly adjust to changes.
Be Precise: Timely and Flexible Planning
Shorten planning cycles to 2 months by defining KPIs, communicating processes, drafting and revising budgets, and finalizing plans.
Budget, forecast, and model everything.
Effortless Planning and Budgeting with Oracle EPM's Advanced Features
Oracle EPM enables dynamic scenario planning with real-time data, flexible budgeting across all timeframes, and intuitive web-based interfaces. Foster collaboration, adopt easily and seamlessly integrate with existing systems for informed decision-making.
- Reduce planning cycle times
- Improve forecast accuracy.
- Gain control and visibility
- Increase collaboration with business stakeholders
- Get Interactive Dashboards and Reports
Get Agile Planning and Budgeting
NetSuite Planning and Budgeting Streamlines Financial Forecasting
NetSuite Planning and Budgeting allows organizations to speed up their budgeting and forecasting processes through top-tier predictive features, comprehensive reporting, and scenario modeling capabilities, all within a collaborative and scalable platform.
- Pre-Built Financial Intelligence
- Predictive Planning
- Microsoft Office Integration
- Scenario Modeling
- Prebuilt Data Integration
- OpEx Planning
- Simplify Revenue Planning
- Workforce Planning
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