Implementing Oracle PBCS: From Plans to Planning in Weeks
Last time around, we took an overview look at Oracle’s Planning and Budgeting Cloud Service (PBCS) and focused on some of the overall features that position the product as the quick and easy-to-use cousin of Oracle’s industry-standard Hyperion Planning. (You can view that here if you missed it.)
Today we are going to dig deep into one of the key differentiators and benefits of Oracle PBCS – fast adoption. On-premises applications can take months to properly install, implement, configure, tune and develop prior to deploying to a production environment, but PBCS can cut that time down to weeks.
The user-owned and -driven application requires no capital infrastructure investments and limited IT involvement, allowing the financial community to drive the process from start to finish. In eliminating many of the overhead costs associated with an on-premises solution (servers, IT resources, electricity, space, etc.), PBCS performs as a stand-alone application, complete in its functionality with no outside dependencies.
Once application access has been achieved and users are able to access the Web interface, a smooth, simplified look and feel give PBCS the appearance of Hyperion Planning without the rough edges. Inside the GUI, users have access to video tutorials and practice design templates to allow on-the-tool training, ensuring best practices are followed.
Depending on the user community that will be involved in the budgeting/forecasting process and the complexity of the application, an eight-week SDLC has been the standard for successful deployment, from detailed requirements gathering to implementation and development, through user-acceptance training and knowledge transfer. The ability to have an industry-leading technology in place in less than a fiscal quarter is another key differentiator for PBCS.
The steps for installing PBCS really could not be easier. Once licenses are provisioned, access to your cloud instance is given, and you are out of the starting gate! From there, development and the true build cycle can begin to determine the specifics of the application and the roles of the users that will be interacting regularly with the application, setting your organization up for success by staying in line with industry best practices.
So, we have hit the ground running: PBCS is installed, and now the fun begins – building your application! Check us out next time when we dig into the build process and some of the key considerations that should go into any PBCS solution.