Name: Oracle Planning and Budgeting Cloud
Brand: Oracle
Rating: 4.2 (25 reviews)

Oracle Techno Sales consultant at a tech services company with 201-500 employees

Jul 6, 2023

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It's easy to create, manage, and export your work

Pros and Cons

"Once you do the budget in Oracle ERP, you can upload it, but it's easier to create and manage budgets in the Oracle budgeting tool itself. For example, if you have a shortfall in the budget, it's easier to manage that and the forms, too, especially if you also have Oracle Forms Management. You can get the forms from somewhere and then transform those forms into budget heads."

What is our primary use case?

I've used Oracle Panning and Budgeting on-prem and in the cloud. The parliament has actually considered this for budgeting. I suggested they use Oracle Budgeting Cloud. It's a very unique solution.

How has it helped my organization?

Once you do the budget in Oracle ERP, you can upload it, but it's easier to create and manage budgets in the Oracle budgeting tool itself. For example, if you have a shortfall in the budget, it's easier to manage that and the forms, too, especially if you also have Oracle Forms Management. You can get the forms from somewhere and then transform those forms into budget heads.

One mistake in the budget, then you are done for, especially if you're doing project management and you don't do the proper budgeting. If your project manager does not forecast the budget correctly for the coming year, it will be a disaster.