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REDWOOD SHORES, CA -- (Marketwired) -- 10/15/14 -- Oracle (NYSE: ORCL)

News Summary
Global customers looking for world-class operational efficiencies are turning to Oracle Planning and Budgeting Cloud Service for simple, cost-effective performance management. Based on the company's popular Oracle Hyperion Planning application, Oracle Planning and Budgeting Cloud Service is an enterprise performance management (EPM) solution that combines the power of enterprise planning and budgeting with the convenience of the cloud. Oracle Planning and Budgeting Cloud Service is part of Oracle Cloud.

News Facts

• Since its launch in February 2014, Oracle Planning and Budgeting Cloud Service has shown strong adoption worldwide, with more than 150 customers representing organizations of all sizes across the globe.
• Customers across a range of industries, including Shelf Drilling, Commune Hotels and Resorts, HMV Retail Ltd., Nutricia Advanced Medical Nutrition, Manhattan Beachwear, Communications Test Design, Inc., and Bournemouth Borough Council use Oracle Planning and Budgeting Cloud Service to simply and cost effectively streamline planning and forecasting processes.
• Driving alignment beyond the finance function, organizations are also adopting Oracle Planning and Budgeting Cloud Service to improve sales and operational forecasting and planning processes.
• Built on the agile forecasting, predictive planning, rich scenario analysis, and interactive dashboard capabilities of Oracle Hyperion Planning, the service ensures organizations benefit from cloud-optimized technology, including:
  • First-in-class functionality. Built with the functionality of Oracle Hyperion Planning, including Oracle Essbase multidimensional analysis engine, workflow, and process management and additional prebuilt functionality, the new service enables users to simplify, standardize, and automate routine transactions while addressing planning and budgeting requirements. Through powerful predictive forecasting capabilities, users can also explore a range of outcomes and increase confidence in their budgets.
  • Fast adoption. Its simple setup, built-in training, and minimal dependence on IT means business users can speed Oracle Planning and Budgeting Cloud Service deployment, with minimal CAPEX infrastructure investment. By leveraging familiar spreadsheet interfaces and mobile collaboration, customers are experiencing increased participation in the planning process.
  • Flexible deployment models. Based on open standards, the service offers flexible deployment options that fit the needs of each business. Customers can develop and deploy new applications in the cloud, or use the cloud as a rapid development environment for on-premises application deployment. Customers also have the ability to move applications back and forth between Oracle Planning and Budgeting Cloud Service and Oracle Hyperion Planning on-premises offerings in a hybrid environment.

Supporting Quotes

• "Customers want powerful planning and budgeting capabilities, but are increasingly looking for solutions that require less administration and lower infrastructure investment," said Hari Sankar, vice president of product management at Oracle. "Oracle Planning and Budgeting Cloud Service presents a compelling business case for organizations of any size, in any industry, as evidenced by the tremendous adoption we've experienced thus far."
• "Oracle Planning and Budgeting Cloud Service is very user friendly and intuitive, and will help reduce the manual work of maintaining spreadsheets so that we have more time to do useful analysis for the business," said Tati Hartawan, financial controller, Nutricia Advance Medical Nutrition.
• "Oracle Planning and Budgeting Cloud Service will enable us to significantly reduce the time and effort needed to perform our Daily P&L Forecasting Process, which is our most critical business management practice. In addition, the real-time analytical data and comprehensive reporting that we can generate from the Oracle PBCS application will enable us to make timely and well-informed decisions in order to run our business better," said Paul Cardell, Vice President, Corporate Operations, CTDI.

Supporting Resources

• Oracle Planning and Budgeting Cloud Service
• Oracle Cloud
• Data Sheet: Oracle Planning and Budgeting Cloud Service
• Podcast: Oracle Planning and Budgeting Cloud Service
• Video: World-Class Planning with Oracle Planning and Budgeting Cloud
• White Paper: Accelerating EPM Deployment with Planning in the Cloud

Oracle Cloud Solutions
Oracle provides the industry's broadest and most complete portfolio of public, private, and managed cloud offerings to offer customers the choice of deployment model. Oracle Cloud delivers a broad suite of public cloud services across data as a service, SaaS, PaaS, and IaaS. Oracle also provides a rich portfolio of products and managed cloud services to deliver enterprise private clouds.

About Oracle
Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NYSE: ORCL), visit www.oracle.com.

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