by Jim Lein, Oracle Accelerate for Midsize Companies
I started using spreadsheets for planning and budgeting a loooooooooooooong time ago when I was controller for a chain of ski shops.
Pretty simple stuff. A couple of dozen lines. I can't imagine what it
must be like to use them today for complex budgeting, forecasting, and planning
functions. It would give me an ice cream headache.
My colleague Jennifer Toomey, Sr.
Director of Marketing in our Business Analytics Product Group, tells me that
75% finance managers still rely on spreadsheets for financial planning and
You want to hear something really
Research studies have showed that
vast majority of spreadsheets-88% in this study--have errors and those errors are costing companies billions.
Thousands of growing companies have replaced
spreadsheets with Oracle's top rated Hyperion planning and forecasting solutions. As of February 18, Oracle customers now have another option, Oracle Planning and Budgeting Cloud Service
Oracle PBCS is not simply Oracle
Hyperion in the cloud. It’s a next generation SaaS solution that reflects a
major architectural rework and a vastly improved user experience. Oracle PBCS
delivers on the cloud's promise of simplicity, low upfront cost, and fast time
to value expected of a cloud solution while delivering the enterprise level functionality
previously found only in on premise planning and budgeting products. It runs on an Oracle Engineered Systems platform, and enables fast processing of complex calculations for large volumes of data through optimal use of Cloud memory and resources.
I encourage you to download
Jennifer's recently published whitepaper, "Accelerating EPM Deployment with Planning
in the Cloud" or watch this video to learn more.
UK-based Oracle partner Qubix Now Offers an Oracle Accelerate Solution for Oracle Planning Cloud
This week, I also spoke with Paul Johnston, GM at UK-based Qubix
International, about their Oracle Accelerate Solution for Oracle Planning Cloud. Qubix was the first company to implement Hyperion Planning
in the UK and has completed more than 150 Hyperion and related customer
Johnston says there is a large, under-served market of
growing companies that don’t yet know about Oracle’s great story for planning and
budgeting. Qubix’s new solution unlocks a pricing and delivery model that both
provides a fresh way of communicating that story and makes robust planning and
budgeting capabilities accessible to companies of any size.
“Our clients will see a 30-40% cost savings when compared to
a traditional on premise deployment,” says Johnston. “Plus, a traditional on
premise project spanned 4-6 months. We deliver Oracle PBCS in 30, 60, or 90
days based on which pricing tier the client chooses-Express, Professional, or Enterprise. The idea is keep it simple and
affordable without compromising capabilities.”
Qubix's solution features pre-built
apps—ready to go templates that are free to customers. These apps complement the
work Oracle has done by transforming the Qubix engagement from a deployment to
a collaborative “fit-to-gap" analysis.
Visit Qubix's Planning in the Cloud page to learn more about their solution, including access to their new TCO calculator.
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Jim Lein evangelizes Oracle Accelerate, Oracle's Applications Strategy for growing midsize companies. He recently celebrated 15 years with Oracle, having joined JD Edwards in 1999. He is based in Evergreen, Colorado and loves relating stories about creativity and innovation whether they be about software, live music, or the mountains.