EPM Enterprise Planning Cloud- How to get there and Wiiifm?
"Changes are permanent and as we
witness Change, its WIIFM moment - What's in it for me??"
For those that got used to
On-Premise Oracle Hyperion Planning Applications that get its upgrades and
feature enhancements once in few years, the speed in which Oracle EPM Planning
Cloud gets its version updates, feature updates, bug fixes, road-map is alarming
and will take time to absorb and digest. Of course, we are very much aligned
with the road that EPM Planning Cloud took (From PBCS to EPBCS to Hybrid Cubes
to EPM Standard Planning cloud & EPM Enterprise Planning Cloud) and is
currently planning to take, but has it occurred to anybody that we have made a
perfect choice as we are at pace with the trend with which technology has jet
speeded!!
At this juncture, there are many
that might have missed bit and pieces of information (or has only), this
cohesive thought process might help. Please continue reading and you will get
the WOW factor that Oracle EPM Enterprise Planning Cloud renders via - The
Oracle EPM Cloud Evolution- The EPM Cloud road-map - The EPM Cloud 2019-Whats
next!!
First to address to those that
are on other environments for their Financial Planning and Analysis and looking
out for Oracle and if at all you want to pause for a moment and think out in
favor for On-Premise Hyperion Planning Fusion Edition 11.x, you can proceed so
if you got YES as the answer for any of these..
1. Do you want to make CAPEX upfront investments without evaluating longevity
2. Do you want to plan for Annual Support Costs?
3. Do you want to invest on large IT Team for Infrastructure and Application?
4. Do you want to live with Complex customized applications along with its overhead to maintain?
5. Do you want invest on DataCenter and hardware costs?
6. Do you want to own the upgrades and patches?
7. Finally, Do you want to stay out-dated and miss out some really cool business gains?
So and So, its Oracle EPM Planning
Cloud eventually...with
1. Renting a flexible service-pay as you grow
2. Business Super users rather than IT support
3. Embedded modern best-practices
4. No upgrades but regular updates via monthly /regular releases
5. Standard security and access- Anywhere and Everywhere
Now that we
very clearly know where we have to be, let me also guide you as to how to get
there where you have to go, from wherever you are! I can put my money on you
thanking me later! J
So to move to
Planning process to Oracle Cloud - it is not PBCS ( Planning and Budgeting
Cloud Service) or EPBCS ( Enterprise Planning and Budgeting Cloud Service)
anymore.
Our planning
cloud got bundled along with its peers - FCCS (Financial Consolidation and
Close Cloud Service), PCMCS (Profitability and Cost management Cloud Service),
ARCS ( Account reconciliation Cloud Service ), EPRCS ( Enterprise Performance
Reporting Cloud Service), TRCS( Tax Reporting Cloud Service). With the single
purchase, we buy the family! J
We will address your immediate thought on cost when we reach that section..hang
on!
With the
bundling, there is no more "CS" ..and yes you heard it right. 7 less acronyms
to deal with!
These are the
new names after the renaming ceremony happened in Q3 FY 2019.
In summary below is what I see that has changed:
• Change
in Oracle EPM Product Stack Nomenclature
• Change
in Oracle EPM Bundling architecture
• Change
in Oracle EPM Pricing structure
Change in Oracle EPM Product Stack Nomenclature
New Names for our products (
rather services now ) are as below.No more "CS" and acronyms.
EPBCS -> Planning
FCCS ->Financial Consolidation
and Close
ARCS- >Account Reconciliation
EPRCS- >Narrative Reporting
PCMCS ->Profitability and Cost
Management
TRCS->Tax Reporting
EDMCS->Enterprise Data
Management
Change in Oracle EPM Bundling architecture
The bundling of the new Oracle EPM Cloud
product will be like in below:
- · Oracle EPM Standard Cloud
- · Oracle EPM Enterprise Cloud
- · Oracle Enterprise Data Management Cloud ( MDM tool that can be purchased as separate product)
What do you get in Oracle EPM Standard Cloud?
What do you get in Oracle EPM Enterprise Cloud?
With current purchase of Oracle EPM Enterprise Cloud- Below is all you are going to get- that's it? It is all is it? Well more than we wanted, right?
Oracle is not enforcing you to start
using all of these on Day1. You can move your application from on-premise
hyperion applications or as-is product to Oracle EPM Enterprise Cloud one at a
time as well and incrementally enablable -my favorite word!
Let's get back to our world of
Planning. So what should Planning Users do? What should be the path that
FP&A should look at to get the best out of Oracle EPM cloud - The Only
Complete EPM Solution!
Change in Oracle EPM Pricing structure
And now, finally the pricing part
(of course the most attractive and influential !!)
While PBCS and EPBCS were
available at a $ 120 per user/month and $ 250 per/month - both minimum 10 users,
EPM Standard Cloud comes with the price tag of $ 250 (per named user/month) and
EPM Enterprise Cloud at $ 500 (per named user/month). There are some catches
with new SKU costing. EPM Standard Cloud comes with no additional free pods
while Enterprise Cloud pours free PODS at no additional cost. For those
calculators that started doing the math in their mind, please be very cautious
to add the license cost of all the other peer products along with
PBCS/EPBCS..like FCCS/ARCS/EPRCS/PCMCS/TRCS etc..as all was individually
charged in old SKU and in new SKU you get all of it for $500 (per names
user/month). Whichever combination that are picking to compare old SKU vs new
SKU cost, its universal truth that I can shout out that new SKU is really too
attractive to ignore! Let's make informed choice, wise decisions and Step up to
Oracle EPM Enterprise Cloud!! There is no looking back or second wise choice to
it!
Oh the screen is not down
yet..more to come with below new innovations that Oracle has planned to offer (
Reference from Oracle's Customer Connect Session-Aug 2019)
Modern UI
Oracle Jet Based Interface
New Dashboard Designer
EPM User Interface Update
Business Process Workbench
Re-designed Web grids
Hybrid BSO Support
IPM- Automated Prediction
Data Maps and Smartpush enhancements
Flex Forms
I would like to thank Oracle for the innovation road map items and would like to write along with some handholding of how to use them,
as and when they get released, in my subsequent write ups.
Thanks,
Prithiba Dhinakaran