Oracle Planning and Budgeting Cloud vs Workiva Wdesk comparison

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2,090 views|1,563 comparisons
94% willing to recommend
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508 views|317 comparisons
66% willing to recommend
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Executive Summary

We performed a comparison between Oracle Planning and Budgeting Cloud and Workiva Wdesk based on real PeerSpot user reviews.

Find out in this report how the two Business Performance Management solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.
To learn more, read our detailed Oracle Planning and Budgeting Cloud vs. Workiva Wdesk Report (Updated: May 2024).
770,765 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"Beneficial analysis and easy to do management adjustments.""The most valuable feature of Oracle Planning and Budgeting Cloud is ad hoc reporting.""The product has a direct plugin to Microsoft Excel.""The most valuable features of Oracle Planning and Budgeting Cloud are the many capabilities it provides.""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.""The workforce, the cube database, is the most valuable feature where you do planning for your headcounts.""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.""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."

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"Workiva Wdesk is pretty good in terms of getting the data from the system, automating the reporting schedules...It has a very good integration with ERP tools.""The collaboration within the platform is valuable.""It makes the compliance process more efficient and more effective.""It helps you to maintain a backup of your data, including the connectivity with the tables, which provides a user-friendly way to handle and access your files.""Workiva Wdesk has a flow diagram that is standardized, making it easy for people to file documents on ECDAs, which are in HTML format.""The most valuable feature is its ability to easily upload and update financial results, creating a dynamic data sheet."

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Cons
"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 by having better integration with some other modules that we would add to this solution.""One potential improvement would be a more visual workflow, as the current method using a tax list is not as effective.""Oracle Planning and Budgeting Cloud could improve. There are times when the forms are slow in saving and calculating.""The FR recording studio that is used to build reports is clunky and awful to use. This could be improved a lot. The solution does have problems and limitations.""The tool's interface is outdated. However, OneStream is easier to navigate.""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.""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."

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"At this point, I don't see a compelling reason to invest in Workiva. It may be necessary for compliance and controlling the version of SCC, but not everyone needs its high-end capabilities.""The speed must be improved.""Regarding the solution, reporting has certain areas that can be considered for improvement.""With this product, it's more about the integrated data model where you can have a one-to-many/many-to-one relationship between your policies and processes, risks, and controls. They need to showcase how you can put those pieces together.""The most critical issue is the need to shift between uppercase and lowercase.""One area where Workiva Wdesk could improve is by ensuring that its cloud-based system is fully compatible with the most current versions of PowerPoint and Excel."

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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."
  • "The solution is free."
  • "There is an annual subscription for this solution and it is priced high."
  • More Oracle Planning and Budgeting Cloud Pricing and Cost Advice →

  • "Our clients in Asia think that the solution is too expensive."
  • More Workiva Wdesk Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:There is an annual subscription for this solution and it is priced high.
    Top Answer:The tool's interface is outdated. However, OneStream is easier to navigate.
    Top Answer:As a company grows and expands into multiple regions with different currencies, the level of complexity increases. At that point, Oracle Planning and Budgeting Cloud becomes a better solution. Based… more »
    Top Answer:The most valuable feature is its ability to easily upload and update financial results, creating a dynamic data sheet.
    Top Answer:Wdesk is affordable and as far as I'm aware, there were no additional costs beyond the standard license increase. We didn't have to make any other changes; it primarily involved accessing the platform… more »
    Top Answer:One area where Workiva Wdesk could improve is by ensuring that its cloud-based system is fully compatible with the most current versions of PowerPoint and Excel. Sometimes, the features available in… more »
    Ranking
    Views
    2,090
    Comparisons
    1,563
    Reviews
    5
    Average Words per Review
    407
    Rating
    9.2
    Views
    508
    Comparisons
    317
    Reviews
    6
    Average Words per Review
    692
    Rating
    7.0
    Comparisons
    Also Known As
    Oracle PBCS, Oracle Enterprise Business Planning
    Wdesk
    Learn More
    Overview

    Oracle Planning and Budgeting Cloud Service enables organizations of all sizes to drive accurate, connected plans across your business and be prepared for what's next. Navigate uncertainty with scenario modeling. Leverage built-in best practices and predictive intelligence across finance, line of business, and operations.

    Planning, Budgeting, and Forecasting

    · Create decision-oriented plans: Make better decisions by creating goal-oriented, driver-based plans. Get immediate insight to your performance with interactive dashboards and reports and leverage predictive planning to recommend the best path forward.

    · Connect your business: Connect every part of your business with a plan that is fully integrated across finance, operations, and lines of business. With connected planning, you can immediately analyze the impact of changes across your business.

    · Do freeform modeling at scale: With Oracle Cloud EPM Freeform, model multiple complex financial and operational what-if scenarios with large-scale, freeform ad-hoc modeling. Use predictive planning features to validate assumptions and reduce the risk in your decisions.

    Prepare for anything with Scenario Modeling

    · Apply sophisticated financial intelligence: Leverage financial intelligence and other powerful, built-in features to rapidly model multiple scenarios to quickly deal with change.

    · Support your decisions with Monte Carlo simulations: Use Monte Carlo simulations to determine the likelihood of various scenarios, giving you confidence in your decisions.

    · Align strategy with plans: Understand the impact of strategic decisions across your bottom line, balance sheet, cash flow, and shareholder value before pushing to your operational plan.

    · Optimize capital structure: Model different funding options and understand the impact your strategies will have on your credit rating and capital structure.

    Retain top talent with workforce planning

    · Plan for compensation expenses: Plan compensation-related expenses by employee, job code, or at a level of detail that makes sense for your business using out-of-the-box, driver-based planning.

    · Align finance and HR: Build the workforce you need to execute on your strategic goals. Collaborate more with HR with prebuilt integration to Oracle Cloud Human Capital Management (HCM) and integration with other third-party cloud HCM solutions.

    · Leverage wizard-based planning for ease of use: Maintain complex employee expense calculations, such as benefits, tax expense, and others with easy-to-use planning wizards.

    Plan your capital asset expenses

    · Track the full lifecycle of capital investment: Create cashflow and funding plans for investments and leased assets. Also plan for new capital assets and take advantage of out-of-the-box calculations for depreciation and amortization during the lifespan of the asset.

    · Plan asset-related expenses: Easily model asset-related expenses such as repairs and insurance. Automate processes such as retirements, transfers, and improvements.

    · Plan for intangible assets: Plan for new and existing intangible assets, including amortization and cash flow planning and impairments.

    · Review your capital expenses: Get an overall capital expense spending analysis, including asset summary reports, and actual versus plan variances. See the impact on cash flow, balance sheet, and income statement by asset class and business unit.

    Understand the financial aspects of your projects

    · Model all project types: Use out-of-the-box drivers to plan costs related to both short- and long-term projects. These include internal projects, such as IT, R&D, marketing campaigns, and contract-based projects or projects across more complex project-oriented industries, such as construction, engineering, and professional services.

    · Plan detailed project costs and revenues: Understand the financial impact of your projects. Use drivers that help you plan for individual employee and asset-related costs, as well as expected revenues.

    · Track project performance: Use prebuilt metrics to track project revenue, expenses, and cash flow. Leverage performance indicators such as net present value, payback, and return on investment.

    Plan across all financial statements

    · Optimize your revenue plan: Accurately plan revenue, sales, and gross margin by adding dimensions for specific drivers related to your business.

    · Plan for all expenses: Plan for all of your expenses with prebuilt best-practice expense drivers. Include expenses from workforce and capital planning with prebuilt integration.

    · Analyze the balance sheet: See the full picture by integrating balance sheets fully with income statements and cash flow. Configure for industry-specific requirements.

    · Model your cash flow: Model cash from operations with fully integrated cash flow planning for short, medium, and long-term time horizons.

    Integrated Business Planning and Execution (IBPx)

    · Connect you planning, execution, finance and operations: Transform plans into execution and monitor activity to detect unexpected events using IoT, AI and prescriptive analytics. Simulate and evaluate alternative response to maintain or improve business targets.

    · Reduce decision latency: Leverage real-time planning and execution details to act on negative trends faster and more effectively.

    · Consolidated view across the entire process: Improve your short and long range strategic planning by seamlessly integrating planning and execution in to a single data model.

    Empower finance to become data driven with IPM

    IPM applies data science and machine learning to enable finance professionals to be more data driven, impacting key areas of the business, and take advantage of potential missed opportunities.

    · Improve decisions with predictive planning: Identify and leverage patterns in your financial and operational data to improve accuracy. Run predictions on the latest actuals and factor those into your plans for more timely, objective decisions.

    · Speed up data analysis to take faster action with Insights: Use embedded AI and machine learning (ML) to continually monitor your plans, forecasts, and variances, so you’ll be alerted about any anomalies, biases—as well as hidden correlations. Relevant insights now come straight to you, empowering you to take the right action in time.

    Wdesk is used across the enterprise to support hundreds of data collaboration, reporting, and compliance processes. Use Wdesk to:

    • Optimize your structured and composite reports
    • Improve trust in your data, reports, and presentations
    • Transform processes to enable insight
    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.
    Noodles Company, eBay, Winnebago, American Assets Trust, AmericanEnterprise, Calpian, Capstone Infrastructure, Cascades, Circor International, Coeur Mining, Davey, Dr Pepper Snapple
    Top Industries
    REVIEWERS
    Energy/Utilities Company17%
    Retailer17%
    Manufacturing Company17%
    Insurance Company8%
    VISITORS READING REVIEWS
    Financial Services Firm12%
    Computer Software Company10%
    Energy/Utilities Company8%
    Healthcare Company7%
    VISITORS READING REVIEWS
    Financial Services Firm20%
    Educational Organization17%
    Insurance Company6%
    Computer Software Company6%
    Company Size
    REVIEWERS
    Small Business11%
    Midsize Enterprise21%
    Large Enterprise68%
    VISITORS READING REVIEWS
    Small Business19%
    Midsize Enterprise15%
    Large Enterprise66%
    VISITORS READING REVIEWS
    Small Business21%
    Midsize Enterprise23%
    Large Enterprise56%
    Buyer's Guide
    Oracle Planning and Budgeting Cloud vs. Workiva Wdesk
    May 2024
    Find out what your peers are saying about Oracle Planning and Budgeting Cloud vs. Workiva Wdesk and other solutions. Updated: May 2024.
    770,765 professionals have used our research since 2012.

    Oracle Planning and Budgeting Cloud is ranked 3rd in Business Performance Management with 16 reviews while Workiva Wdesk is ranked 12th in Business Performance Management with 6 reviews. Oracle Planning and Budgeting Cloud is rated 8.2, while Workiva Wdesk is rated 7.0. The top reviewer of Oracle Planning and Budgeting Cloud writes "Eliminates the need for users to sift through irrelevant options". On the other hand, the top reviewer of Workiva Wdesk writes "A user-friendly tool useful for data consolidation and automating the reporting schedules". Oracle Planning and Budgeting Cloud is most compared with Oracle HFM, Anaplan, Oracle Hyperion, IBM Planning Analytics and IBM Cognos, whereas Workiva Wdesk is most compared with AuditBoard, Oracle Hyperion, OneTrust GRC, RSA Archer and LucaNet. See our Oracle Planning and Budgeting Cloud vs. Workiva Wdesk report.

    See our list of best Business Performance Management vendors.

    We monitor all Business Performance Management reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.