The Enterprise Planning and Budgeting Cloud Service (EPBCS) best practice planning framework begins with the Financials module. Recognizing that customers need flexibility when developing a bottoms-up plan/forecast, Oracle provides three methods for P&L planning: driver based, trend-based, or manual input. By selecting a few options for Balance Sheet and Cash Flow planning, customers can have a fully integrated financial plan ready for inputs.
Income Statement forms are grouped by Driver-Trend and Direct Entry. Also included are interactive dashboards and variance analysis grids.
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By default, the financial drivers, key performance indicators, member formulas, and calculation scripts are geared toward a manufacturing company. But the drivers and KPIs are grouped under parent accounts prefixed with OFS_. The application is tailored by loading natural account codes, industry-specific drivers, and custom metrics as children to the OFS_ members. These new members will display automatically on forms and dashboards.
New forms can be built and added to the workflow with Financials. These may be used to capture global, segment, or departmental drivers. Or they may align scenarios, versions, and time periods side by side. Right-click context menus are easily added to personalize the user interface.
Financials Benefits
- Configurable framework for revenue/gross margin planning
- ‘Flex’ dimensions such as Product, Market, Customer, etc.
- Pre-built, best-practice expense drivers, configurable for industry-specific requirements
- Optional pre-built integration with Workforce and Capital module
- Fully integrated financials: Balance Sheet, Income Statement and Cash Flow
- Both direct and indirect cash flow methods supported
