Oracle Free Form Planning

What is Oracle Free Form Planning?

Free form Planning is an application type within the Oracle EPM Cloud - Enterprise Edition. The benefits of this SaaS-based free form planning process are that it offers the flexibility of Essbase , has the ability to create cubes from Excel, enables robust web-based planning capabilities, and allows you to connect these free form and structured planning apps across the organization.

The following are the primary characteristics of the freeform planning application:

Does not require all Planning specific dimensions
The scale of the dimensions is large (~1 million)
Leverages Essbase calculation engine
Performs instantaneous roll-up
The application can be created using Essbase OTL or empty cube
Support UI features like Dashboards, Web forms, Valid Combinations, etc.

Oracle is no longer separating its cloud services for its Enterprise Performance Management (EPM) solutions. In an effort to address needs across financial and operational planning, consolidation and close, data management, internal and external reporting, and profitability management processes, they are now offering a complete, integrated solution available in two options: Oracle EPM Cloud - Standard Edition and Oracle EPM Cloud - Enterprise Edition.

An important characteristic of Oracle EPM Cloud is the application's suite. When compared to deploying a single-point software application-such as consolidations or planning and budgeting-Oracle EPM Cloud offers an advantage. The complete solution integrates management processes across the organization, aligning strategy with execution. Users gain improved visibility and insight into all aspects of the business and it helps them leverage their investment through seamless data and process integration with their core ERP systems.

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

As an Oracle Gold and Oracle Cloud Partner, we help companies acquire, implement, host, and manage strategic finance solutions designed to grow your business by bringing people, processes, and information together. Our team is made up of business and technical experts with years of experience working with Oracle EPM solutions.