In recent years, the popularity of the oracle EPM cloud has significantly aged, especially in the business environment. In addition, the technologies that this software depends on are not at a standstill. The changes may surprise and confuse you, but knowing additional information about them is important, especially if you will apply them in your business. Let’s see what is so incredible about cloud EPM within six facts! Keep reading the article, because we have already collected extraordinary information for you:
1) New payment rules and licenses.
This economic transformation may amaze you but in a pleasant way. The fact is that recently oracle EPM cloud pricing has been calculated in a completely different way. Previously, you had to buy a local version of the program and then pay extra for each new add-on and permission. That is, literally for each more or less individual product for each process (like reporting, planning, marketing strategy, etc.).
Your entire package was calculated when parallel invoices for other features were added to the number of service charges for the application itself. For example, features like budgeting and planning cost over $ 100 a month.
Now oracle EPM will not take that much money from business owners, as the company has revised its pricing and offers users two options: a standard cloud package for regulating the work of the company and a corporate proposal for managing the enterprise.
At the same time, the price for the standard will be a quarter of a thousand dollars per month, but this is beneficial since it includes:
• checking accounts;
• reporting;
• making forecasts and plans.
When you purchase the Enterprise Edition, you will receive the following features:
• all 3 points as in the standard version;
• storage and processing of data;
• calculation of taxes and reporting;
• calculation of income and expenses.
2) Difference in PBCS.
Previously, EPM cloud PBCS had only one version, but now, it can be in three forms after improving the system. This plays a huge role in the subsequent individual business planning. Also, the change will allow you to enhance the process of modular business planning, free planning, etc.
3) Renewal of financial closing and consolidation services.
When you open the standard version of the cloud, you can use only the option close in properties to the old FCCS type (there will be only two parameters that you can influence). On the other hand, the corporate EPM cloud oracle will allow the enterprise owner to fix computational flaws on his own and support a complex ownership system.
4) Innovations in transaction matching.
This is one of the most significant changes that you should know more about. The modern version of the program provides you with carte blanche for consideration and reconciliation of cash accounts since these functions are included in the package by default. But in the old version, it was not profitable to engage in such activities since it was necessary to pay a lot of money for this service and the central part of the amount.
5) Corporate data management is very different from the previous one.
In standard form, you could get only about 5 thousand transactions, which are elements of the document management system (EDMCS).
In an expanded form, you will have a licensed right to make more records of your actions and the actions of your employees. At the same time, it is economically more profitable since you will pay relatively little – about a thousand to one and a half thousand dollars for a thousand units of work with data.
6) Other new items (EPRCS).
In the case of EPRCS, the previous standard version includes this feature, but its management leaves a lot to be desired. In the extended version, it is possible to use the data disclosure function.