A Solution for Spreadsheet Dependency
By MichaelM-Oracle on Apr 08, 2014
by John Parisi
In today’s challenging business environment, accounting and financial departments continually rely on spreadsheets for core financial planning, budgeting and forecasting. This rather time-consuming process is clearly inadequate and fraught with risk. While there are many packaged planning and forecasting solutions available in the marketplace, these solutions remain largely out of reach for many organizations due to a lack of IT resources or capital budgets to support the investment needed.
To help put this spreadsheet dependency into perspective, a recent Oracle survey on planning, budgeting and forecasting revealed that 93% of finance managers globally believe that their organizations are “drowning in spreadsheets.” While spreadsheets are easy to use and a familiar technology for most finance professionals, they are not well suited for enterprise wide functions like planning, budgeting, forecasting and management reporting. Data integrity, data quality and version control issues are common with spreadsheet based solutions. As a result, finance teams spend too much time gathering and validating information and too little time performing value added analytics.
There is a solution to this spreadsheet dilemma entitled the Oracle Planning and Budgeting Cloud Service removes many of the barriers to adoption of the traditional “on premise” solutions and makes it much easier for businesses to deploy world-class finance solutions quickly.
Getting started with PBCS is simple using the PBCS Rapid Start from Oracle Consulting. Leveraging the PBCS Rapid Start, your implementation of PBCS is faster, less risky and requires a fraction of the time and cost of traditional implementation methods. Oracle Consulting’s PBCS Rapid Start provides the comprehensive application framework, implementation methodology and consulting services needed to help you efficiently and successfully deploy your PBCS solution. To ensure the most effective implementation, the Oracle Consulting PBCS Rapid Start service offering provides a set of structured templates designed to be completed by you and your team, as part of the implementation. The templates, in conjunction with the Planning and budgeting Cloud Service and consulting support will guide you through the process of integrating your information into the Oracle Planning and Budgeting Cloud Service solution.
The Oracle Consulting Planning and Budgeting Cloud Service Rapid Start service provides some key benefits including:
Proven methodology for rapid application implementation – Oracle has been leading traditional tailored implementations of Planning and Budgeting solutions for more than 25 years. We have incorporated that experience into this Rapid Start service.
Rapid time to value for your organization – Deploy the solution in weeks rather than months leveraging the Oracle Consulting Rapid Start approach.
Reduced implementation risk – the Oracle Consulting Rapid Start brings structure to not only the approach but to the underlying solution itself. This structure allows you to quickly deploy your solution with confidence.
Lower implementation cost as compared to traditional implementation approaches – The Oracle Consulting PBCS Rapid Start approach is designed to reduce the amount of consulting support needed to deploy your PBCS solution. This rapid project approach reduces the implementation costs and time to value and dramatically improves your ROI.
Harnessing the value of Oracle Planning and Budgeting Cloud Service (PBCS) starts with choosing the right IT consulting partner. At Oracle Consulting Services, our global teams of over 1300 Oracle Consulting experts share an uncompromising commitment to plan, build, migrate and optimize Oracle software and hardware solutions that drive transformative business results for our customers.