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PBCS

What is Planning and Budgeting Cloud Service - PBCS

PBCS , also known as Planning and Budgeting Cloud Service, is now called Planning in the Oracle EPM Cloud. PBCS is similar to EPBCS (Enterprise Planning & Budgeting Cloud Service) in that it comes with modular-based Planning features, however, it does not include custom planning, free form planning, or customized groovy scripts offered as Enterprise cloud features.

Today, the cloud offers a more affordable alternative for EPM that lowers both operational expenses (OpEx) and capital expenses (CapEx) because it eliminates the need for companies to purchase software and hardware or hire additional IT staff. With no costly infrastructure to support, resources can be invested in growth opportunities, while employees can focus on more value-added tasks instead of managing IT.

Planning in the Cloud or PBCS is a purpose-built business process that can be is used by both corporate finance as well as operational planners throughout the company (such as sales, marketing, HR, IT, and the lines of business.) It empowers operational planners with flexibility, scalability, and the ownership to plan the way they want, while still offering the transparency and control required for corporate finance.

The solution includes pre-built modules to quickly deliver value to your planning including:

Strategy – offers a solution purpose-built for scenario modeling. It includes features for side-by-side financial and operational analysis of numerous business scenarios. Users can easily change assumptions, model logic, and mix-and-match scenarios on the fly in seconds. It can be used by both corporate/group users as well as those in the business units. It also includes robust financial logic for the entire trial balance (income statement, balance sheet, and cash flow), treasury features, and mergers and acquisitions.

Financials – a fully integrated financial statement planning solution across the income statement, balance sheet, and cash flow. For example, the integration ensures that changes on the income statement automatically roll to the balance sheet and cash flow. Importantly, the Financials is constructed into four sub-process that can be incrementally enabled: Revenue, Expense, Balance Sheet, and Cash Flow. This allows you to use a single sub-process – such as Expense planning – or any combination of the sub-processes in the module.

Workforce –this module fits the needs of both Finance and HR as it addresses compensation spend by employee and/or job code and integrates with your HCM systems and strategic workforce planning for a complete solution to manage employee budgets, skills, and talent— now and in the future.

Projects – offers a planning pattern that is suitable for numerous uses. Project-oriented industries will benefit from the detailed project financial planning process that allows for granular planning for employees, contractors, materials, and costs associated with large scale projects. Projects is also well-suit for project-oriented departments in any enterprise (e.g. IT, Marketing, R&D, etc.) that need a more streamlined approach to planning projects.

Capital – addresses planning needs associated with new and existing assets, as well as intangibles. The module accounts for long-range asset-related impacts across the income statement, balance sheet, and cash flow. Capital is very appropriate for enterprises that have significant capital assets.

MindStream is an Oracle Gold Partner and Oracle Cloud Partner with decades of experience in Analytics and Enterprise Performance Management (EPM.) MindStream offers services ranging from software selection and implementation to best practices for financial planning and reporting.

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ATCO Group

Energy conglomerate ATCO operates worldwide in utilities, power generation, and related services.

Bayer Health Care

Bayer Healthcare implemented Hyperion Planning and Workforce Planning in 10 weeks to dramatically streamline their Income Statement budget and Workforce Planning process..

Celgene

An Oracle Hyperion Planning Upgrade provides multi-national organization Hyperion Application optimization and stabilization.

Chiquita

MindStream Delivers unified Oracle Hyperion Reporting Platform for Chiquita Brands.

Simon

Simon's existing corporate Hyperion Financial Management (HFM) production application was consolidating at a rate of seven hours, a performance issue causing great headache to corporate Accounting.