Cloud allows you to adapt planning and budgeting to changing business needs
A company's business processes must be flexible enough to handle landscape changes, and flexible enough to do it fast and efficiently, says Derik Rothman, director at Futuresense.
In today's dynamic business landscape, planning and budgeting needs to adapt to changing business conditions. Derik Rothman, Director at Futuresense, says a company's business processes need to be flexible enough to be able to handle landscape changes, and flexible enough to do it fast and efficiently, without putting the business at risk.
"Oracle cloud solutions have been designed with that in mind," Rothman says. "They have been designed for all types of users, all types of businesses, all types of landscape changes. Oracle cloud solutions allow you to adapt to changes fast, efficiently, and cost-effectively."
He adds that Planning and Budgeting Cloud Services (PBCS) offers users the benefits of an enterprise-grade solution and, by hosting it in the cloud, at a significantly lower cost. "PBCS provides tremendous value for both middle market and enterprise customers; smaller deployments can easily scale as the business grows, while large enterprise customers can benefit from cloud deployments of their existing applications."
When key information is made accessible to everyone who has a stake in it, better, faster decisions can be made. An Oracle survey shows planning and budgeting is the leading EPM application adopted in the cloud today, with respondents indicating nearly double the number of companies using it compared with the next most popular cloud application, which is workforce planning.
"Many companies see the cloud as their opportunity to move quickly and easily from spreadsheets to a truly 'enterprise' application. By doing this, they can rapidly and cost-effectively improve processes, and ultimately, the performance of the business. In fact, many enterprises are moving their planning and budgeting to the cloud, mainly because the cloud brings broad new levels of engagement to planning that simply aren't possible with spreadsheets," Rothman says.
Oracle delivers a full suite of integrated, enterprise-grade application services. Offering flexible deployment options, Oracle enables on-premises deployments, pure cloud-based deployments, or a hybrid approach where development is done in the cloud, and testing and production deployment is on-premises.
"We have found many organisations welcome the ability to adopt public, private, and hybrid clouds as they wish, and to alter the mix when business circumstances dictate. By choosing Oracle cloud, businesses can avoid the fragmented data and business processes that can result from using multiple, siloed clouds from different vendors. In addition, cloud solutions such as those in the Oracle cloud are providing companies with the opportunity to improve their planning processes and to do things that were difficult, if not impossible, before," Rothman concludes.