EPM Standard Cloud Service
EPM Standard Cloud Service is a powerful, configurable suite of business processes. It is designed primarily for small and mid-sized businesses and for businesses with lower complexity requirements to support planning and budgeting, consolidation and close, account reconciliation, and narrative reporting processes.
The following image presents an overview of the business processes available in EPM Standard Cloud Service:
Note:FreeForm is available as a standalone business process or as a Planning application; it is not available in EPM Standard Cloud Service.
Additionally, Data Management, which enables you to integrate data from source systems, is included with EPM Standard Cloud Service. Clients and command line tools, such as Oracle Smart View for Office and EPM Automate, are also included.
An EPM Standard Cloud Service instance allows you to deploy and use one of the supported business processes. To deploy another business process, you must request another EPM Standard Cloud Service subscription or remove the current business process.
Watch this video learn more about all of the value in EPM Standard Cloud Service and EPM Enterprise Cloud Service.
In the EPM Standard Cloud Service, you deploy one of the following business processes.
EPM Standard Cloud Service, much like EPM Enterprise Cloud Service, provides a customizable planning platform that can be used for financial and operational planning. The Planning business process delivers instant value and greater productivity for business planners, analysts, modelers, and decision-makers across all lines of business of an enterprise.
Planning is available with:
- Strategic Modeling
With the exception of Strategic Modeling, these are available with pre-seeded configurable content including dimensions, models, forms, rules, dashboards, infolets, and reports. Strategic Modeling is available with standard and industry templates that can be leveraged to create a customized scenario models with flexible blended scenario business cases.
The Planning business process available in the EPM Standard Cloud Service does not support the following:
- Custom Planning application type, which allows a high degree of application customization to
support business requirements.
Note that EPM Standard Cloud Service supports one custom Hybrid BSO cube and one custom ASO reporting cube.
- FreeForm Planning application type, which enables you to deploy Planning applications with no dimension requirements and to create applications using Essbase outline files.
- Support for Custom Groovy scripting to create or customize business rules.
- Automation of Planning process
- Intelligent Process Automation by Integrating Task Manager with Other Services
See Overview of Planning (Planning and Budgeting Cloud).
Watch this video for an overview of Planning in EPM Standard Cloud Service.
The Account Reconciliation business process enables you to automate the validation of financial accounts by checking the accuracy of account balances.
This business process does not include the Transaction Matching module, which automates the process of reconciling high volume or labor intensive reconciliations and integrating results into the tracking features within Reconciliation Compliance.
See Overview of Account Reconciliation.
Watch this video for an overview of Account Reconciliation.
Financial Consolidation and Close
In addition to ownership management, the Financial Consolidation and Close business process supports consolidation and close process tasks with default pre-built calculations and custom calculations.
The Financial Consolidation and Close business process available in the EPM Standard Cloud Service does not support the following:
- Enterprise Journals
- Automation of consolidation and close tasks
- Intelligent process automation by integrating Task Manager with other services
See Overview of Financial Consolidation and Close.
Watch this video for an overview of Financial Consolidation.
The Narrative Reporting business process, previously known as Oracle Enterprise Performance Reporting, provides a secure, process-driven approach for defining, authoring, reviewing, and publishing financial and management report packages.
See Overview of Narrative Reporting.
Watch this video for an overview of Narrative Reporting.
Overview: Narrative Reporting in Oracle Enterprise Performance Management Cloud
Business Processes not Available in the EPM Standard Cloud Service
The following business processes are available in the EPM Enterprise Cloud Service only:
- Profitability and Cost Management
- Enterprise Profitability and Cost Management
- Tax Reporting
- Oracle Enterprise Data Management Cloud