Oracle Planning and Budgeting Cloud vs Planful comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

Oracle Planning and Budgeti...
Ranking in Business Performance Management
3rd
Average Rating
8.2
Number of Reviews
17
Ranking in other categories
Financial Performance and Strategy Management (3rd)
Planful
Ranking in Business Performance Management
16th
Average Rating
8.0
Number of Reviews
2
Ranking in other categories
Financial Close Software (17th)
 

Mindshare comparison

As of July 2024, in the Business Performance Management category, the mindshare of Oracle Planning and Budgeting Cloud is 7.1%, down from 7.9% compared to the previous year. The mindshare of Planful is 0.7%, down from 4.5% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management
Unique Categories:
Financial Performance and Strategy Management
8.3%
 

Featured Reviews

NH
Jul 6, 2023
It's easy to create, manage, and export your work
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.
KL
Feb 3, 2022
It has helped us speed up the turnaround time on our consolidation, and we haven't had anything come up that the program has not been able to solve
The part that we liked about Excel is that it had a better interface in terms of just graphical illustration of our results. So, if we wanted to look at our financial trends and put it into some type of graphical interface for people to look at, we still have to leverage Excel for that. The dashboards aren't as usable as maybe some of the other solutions, such as Tableau or other BI tools. The application that we use today for our BI tools is Tableau. That's how people absorb information. We don't really use the functionality or dashboards within Planful because of the robustness of Tableau. That's our single source of data. If Planful was better or more comparable in terms of features and functionality, we could probably leverage that in Planful.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"We previously used Oracle EDS, and when comparing it to this solution, this solution has a much better interface. There are lots of advantages of the new solutions. Having it on the cloud, we are able to forget about keeping them updated or taking care of the database. We have minimal maintenance."
"Beneficial analysis and easy to do management adjustments."
"The product has a direct plugin to Microsoft Excel."
"It gives you an end-to-end solution from integrating data from the source system to reporting. So it's a highly recommended tool."
"The tool improves the organizational budgeting process in several ways. One significant aspect is the extensionable functionality it offers. To illustrate, consider a scenario where a company has factories in Mexico producing Volkswagen and Kentucky producing Ford."
"The most valuable feature of Oracle Planning and Budgeting Cloud is ad hoc reporting."
"The workforce, the cube database, is the most valuable feature where you do planning for your headcounts."
"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."
"It has helped us speed up the turnaround time on our consolidation. We don't have to do reporting in Excel anymore, which has cut down on the errors and the efficiency of our close time."
 

Cons

"The tool's interface is outdated. However, OneStream is easier to navigate."
"There is middleware that we need to purchase for our use case that should be provided in Oracle Planning and Budgeting Cloud. We should not have to purchase the additional solution and the integration should be seamless."
"Oracle Planning and Budgeting Cloud could improve by having better integration with some other modules that we would add to this solution."
"For HR, the workforce planning out of the box is complicated. For most users, it's not easy, and it requires a learning curve. It's not very user-friendly. It can be improved."
"Oracle Planning and Budgeting Cloud could improve. There are times when the forms are slow in saving and calculating."
"There are some issues with block creation in the memory. Sometimes, when we run a calculation and a new intersection is hit during the calculation, the memory block doesn't get created, which doesn't give the correct result."
"One potential improvement would be a more visual workflow, as the current method using a tax list is not as effective."
"Some of the things in this product are just too cumbersome and we don't need them and they make it harder to do certain things, or certain things have to have more specific names or descriptions."
"The part that we liked about Excel is that it had a better interface in terms of just graphical illustration of our results. So, if we wanted to look at our financial trends and put it into some type of graphical interface for people to look at, we still have to leverage Excel for that. The dashboards aren't as usable as maybe some of the other solutions, such as Tableau or other BI tools."
 

Pricing and Cost Advice

"The price of Oracle Planning and Budgeting Cloud is expensive. However, it solves a lot of issues at the company. Having a better price could make us think about using more cloud products for Oracle and increase usage."
"There is an annual subscription for this solution and it is priced high."
"The solution is free."
"It is expensive."
"Right now, everything is on a three-year term contract, and that is our main cost."
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Top Industries

By visitors reading reviews
Financial Services Firm
12%
Computer Software Company
10%
Energy/Utilities Company
8%
Healthcare Company
7%
Computer Software Company
16%
Healthcare Company
11%
Manufacturing Company
10%
Financial Services Firm
8%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

What is your experience regarding pricing and costs for Oracle Planning and Budgeting Cloud?
It is expensive because it depends on the volume of data you're using, the number of users you have, and the licensing partnership you have with Oracle.
What needs improvement with Oracle Planning and Budgeting Cloud?
There are some issues with block creation in the memory. Sometimes, when we run a calculation and a new intersection is hit during the calculation, the memory block doesn't get created, which doesn...
What is your primary use case for Oracle Planning and Budgeting Cloud?
It is used for planning, budgeting, P&L generation, income statements, cash flow, sales reports, etc. This product has scenarios and versions to keep the data. Based on scenarios like actual or...
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Also Known As

Oracle PBCS, Oracle Enterprise Business Planning
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Overview

 

Sample Customers

Australian Finance Group Ltd., Daelim Industrial Co. Ltd., TBS Group, Delaware Life Insurance, Shelf Drilling Ltd., Abu Dhabi Department of Finance, Fugro Norway AS, Drake & Scull International PJSC (DSI), Racepoint Global, Edgewater Technology Inc., King Abdulaziz City for Science and Technology, Communications Test Design Inc.
Tandem Diabetes Care, Reed Exhibitions, SkyGolf, Zep Inc., Thule, Stylesight, Schumacher Group, Parsons Electric, Nextag, Groupon
Find out what your peers are saying about Oracle Planning and Budgeting Cloud vs. Planful and other solutions. Updated: July 2024.
792,905 professionals have used our research since 2012.