Oracle EPBCS Financials Module: An Overview

The main goal of Enterprise Performance Management (EPM) is to project financial statements and to ensure the gap between the actuals and the budget remains controlled. Oracle EPBCS offers a robust Financials Planning model.

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Introduction to EPBCS Financials Module

Oracle Enterprise Planning and Budgeting Cloud Service (EPBCS) offers a Financials model that specializes in projecting the core financial statements, namely the Income Statement, Balance Sheet, and Cash Flow.

With this predefined model, users have access to a wide range of features:

• Prebuilt Tools: This includes forms, business rules, KPIs, Variance Analysis Reports, and intuitive Dashboards.
• Quick Implementation: To get it up and running, one simply needs to define custom dimensions (such as Product, Services, Market, Client, etc.), load the metadata, and historical data.
• Standardization and Customization: EPBCS offers standardized accounting categories with projections based on drivers, trends, or direct inputs. However, for firms with unique needs, it's easy to create custom accounting categories and modify projections rules.

EPBCS Best Practices

At the heart of EPBCS lies a best practice planning framework, beginning emphatically with the Financials module. It provides three distinctive methods for P&L planning:

• Driver-based Planning
• Trend-based Planning
• Manual Input Planning

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The Benefits of EPBCS Financials

The financial module of EPBCS is laden with advantages:

• A configurable framework for revenue and gross margin planning.
• Inclusion of custom dimensions like Product, Service, Market, Customer, and more.
• Best-practice expense drivers, molded to fit industry-specific requirements.
• Optional integration with the Workforce, Project and Capital module, if needed.
• Comprehensive financial integration across Balance Sheet, Income Statement, and Cash Flow.
• Support for both direct and indirect cash flow methodologies.

Revenue/Gross Profit sub-module: