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    Amol
    Oracle ERP Cloud Vs EPM Cloud( FCCS,ARCS,PBCS etc)Answered
    Topic posted February 14, 2019 by AmolBronze Trophy: 5,000+ Points, tagged Financial Planning, PBCS 
    323 Views, 4 Comments
    Title:
    Oracle ERP Cloud Vs EPM Cloud( FCCS,ARCS,PBCS etc)
    Content:

    Under what circumstances will an organisation implement EPM  Cloud ? Once Oracle ERP Cloud is implemented ,it is able to support  Budgeting,Budgetary Control, Financial Consolidations(Intercompany eliminations etc.) and Period Close.

    What are the main drivers for an organisation to implement EPM Cloud when  they have ERP Cloud already implemented ?Understand that EPM is a special/fine tuned product to cater for mentioned functions and has integration easily built with ERP Cloud.

     

    Thanks.

    Best Comment

    Anthony Dodds
    Hi ERP Cloud and EPM Cloud serve completely different purposes. ERP Cloud is focused on transactional processing and coordinating the company’s resources, providing operational data to that company. ERP helps the organization determine the best ways to use given resources within the company on a day to day basis EPM Cloud supports the management processes that the enterprise can use to improve profits, and performance. It is used to help management optimise performance and get the most from its investments. EPM is designed to help the enterprise set goals, develop and execute plans and make changes needed through periodic reviews of results ERP may be able to hold a budget, but it can't be used to prepare a budget - the modelling exercise usually carried out in Excel. Neither can it carry out advanced Forecasting or planning. The EPM products come with advanced calculation and modelling capabilities, ERP doesn't, it may have some limited basic calculation features. PCMCS is a multi Stage allocation application. In basic terms ERP cannot cover this process. EDMCS, Master Data Management and Mapping, ERP cannot do this. EPBCS/PBCS advanced planning, budgeting and Forecasting, ERP cannot do this. A company could have multiple PBCS applications supporting a variety of markets, functions, business units at various different levels of detail and modelling design. I have an article here that briefly covers the difference from a business perspective. http://www.absoluteepm.com/blog/erp-vs-epm-and-its-upcoming-convergence/ TBH I am not going to evaluate each EPM product for you, as that would take too long. There are enough materials out there that will explain what each product does. Thanks Anthony

    Comment

     

    • Anthony Dodds
      Hi ERP Cloud and EPM Cloud serve completely different purposes. ERP Cloud is focused on transactional processing and coordinating the company’s resources, providing operational data to that company. ERP helps the organization determine the best ways to use given resources within the company on a day to day basis EPM Cloud supports the management processes that the enterprise can use to improve profits, and performance. It is used to help management optimise performance and get the most from its investments. EPM is designed to help the enterprise set goals, develop and execute plans and make changes needed through periodic reviews of results ERP may be able to hold a budget, but it can't be used to prepare a budget - the modelling exercise usually carried out in Excel. Neither can it carry out advanced Forecasting or planning. The EPM products come with advanced calculation and modelling capabilities, ERP doesn't, it may have some limited basic calculation features. PCMCS is a multi Stage allocation application. In basic terms ERP cannot cover this process. EDMCS, Master Data Management and Mapping, ERP cannot do this. EPBCS/PBCS advanced planning, budgeting and Forecasting, ERP cannot do this. A company could have multiple PBCS applications supporting a variety of markets, functions, business units at various different levels of detail and modelling design. I have an article here that briefly covers the difference from a business perspective. http://www.absoluteepm.com/blog/erp-vs-epm-and-its-upcoming-convergence/ TBH I am not going to evaluate each EPM product for you, as that would take too long. There are enough materials out there that will explain what each product does. Thanks Anthony
      • Amol

        Nice explanation Anthony.ERP bakes the cake ,EPM adds  icing and cherry  and business relishes it.

        I need to still understand how FCCS works other than Cloud ERP GL in the context of period close process esp. - once FCCS is implemented how does it handshake with Cloud ERP GL to close a period.If I have correctly understood from the manuals currently FCCS and ARCS do not write back to ERP  whilst PBCS can.

         

        Ref - https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/erpia/fusion_process_enhanced_102x4d7a440a.html

         

        I may create a new post for this query.

        • Krishnan Venkatachalam

          Hi Amol,

          While the ERP can definitely do certain things of each EPM toolset, its not complete. Here is an example:

          - Budgetary process
            * ERP lets you load numbers but it cannot do detailed calculations in the form of Sales projections, allocations or apply security in the form of which department which user has access to see and post to

          - Consolidations
           * What I do understand is the ERP does have an HFM component to it, while you can potentially consolidate in the ERP it cannot easily integrate with another ledger (unless you enable FAH). Also any sort of multi GAAP / currency reporting requires setting up secondary / reporting / Adjusting ledgers which is just a lot of transaction data slices that just needs to be managed at a balance level

          Generally I would use ERP only if the base data is transactional like Anthony indicated.

           

          And you are correct FCCS and ARCS dont yet support a write back to the ERP and that is a good thing if you are in a multi ERP environment.

          Regards,

    • Chiaranon Thimkul

      Hi

      I think mail purpose about PBCS (EPBCS) is to perform / prepare budget amount for next budget year.

      This's different from budget function in ERP , that only for control spending that not over than budget amount

      And for FCCS it will help about complex structure to do eliminate, financial consolidate

      Regards

      Chiaranon