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EPM Enterprise Planning Cloud- How to get there and Wiiifm?

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?

PD_Plan_!.PNG

What do you get in Oracle EPM Enterprise Cloud?

PD_Plan_1.PNG

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?

PD_Planning_Pic_2b.PNG

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!

PD_Planning3.PNG

 So those that just heard what EPM Standard Cloud and EPM Enterprise Cloud has to offer in the new SKU, please be cautious not draw parallels PBCS (Planning and Budgeting Cloud Service) and EPBCS (Enterprise Planning and Budgeting Cloud Service) to EPM Standard Planning Cloud and EPM Enterprise Planning Cloud respectively. It's actually the other way around, not exactly but to certain sort of thingy! EPM Standard Cloud gives the 4 module based Out of the Box Planning Frameworks (Financials,Workforce,Capex,Project) along with Strategic Modelling similar to what EPBCS offered and EPM Enterprise Cloud offers that plus leeway for Custom Planning and any number of Free Form Planning instances-blank slates for us to start from scratch and play over!! 

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

 

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