What is Oracle's Planning 11.2?
Planning 11.2 is the newest version of Oracle's premier, on-premise Excel and Web-based planning, budgeting, and forecasting solution designed for the office of the CFO.
With version 11.2, Oracle is offering what they refer to as a “Continuous Innovation” release model that delivers ongoing applications and underlying technology stack updates without a major upgrade.
Several new features have been introduced with the 11.2 release, with more to come in the future and other features available in previous versions being discontinued.
What's New with Oracle Planning 11.2
- Premier Support through 2030 - Important to note: Oracle Hyperion 11.1.2.4 Premier Support ends in December 2021.
- On-premise or Oracle Cloud Infrastructure (OCI)
- No more major upgrades via Patch Set Updates (PSU)
- The initial release is Windows only
- Windows 2019, SQL Server 2017, Oracle 12.2
- JDK 1.8
- Linux 7 and AIX 7.2 to follow later as patches
- You do not need to rebuild your apps
- Simplified Interface
- Faster/Larger forms support
- Dashboards
- Ad hoc Grids for Analysis
- Grid definitions to Financial Reports
- Streamlines and simplifies infrastructure and architecture for the future
- Sustained R&D
- Enhancements are driven by customer demand
Planned Features for future releases of Oracle Planning include:
- Smart Push
- Dimension Editor SV extension
- Extended Attribute support
- Valid Intersections
- Use Excel Formular Editor to write calculations
- Sandbox support
A Closer Look at Planning
Oracle Planning provides an in-depth look at business operations, and their related impact on financials, by tightly integrating financial and operational planning models. With Planning, you can meet your immediate financial planning needs while enabling a platform for future cross-functional expansion and automated process integration.
The benefits of utilizing Oracle Planning in your organization include:
- Reducing your planning, budgeting, and forecasting cycles by weeks or months
- Improving the accuracy of your plans and forecasts
- Decreasing end-user learning curves by leveraging a Microsoft Office-based interface
- Eliminating the time lag from when plans are updated and reports are refreshed.
Oracle Planning is built to scale with your organization's growth. The scalable architecture enables you to start initially with a minimal deployment before extending it out to hundreds or thousands of concurrent users. The architecture allows for flexible data entry, analysis, and frequent real-time updates from anywhere, in a safe and secure environment.
Moreover, Oracle Planning provides collaborative planning processes and centralized user and data management, significantly reducing maintenance and distribution costs. Oracle Planning interoperates with accepted user management systems to help ensure maintenance and security consistency.
Should you be upgrading to Oracle 11.2?
MindStream can help advise you of the best roadmap for your organization, whether you are considering a migration to Oracle 11.2 or a move to the cloud. We look carefully at your current business processes, IT footprint, and areas of opportunity for innovation. We bring together a blend of project management experience and industry best practices to ensure your project is successful.
About MindStream Analytics
MindStream Analytics is a premier consulting firm and managed services provider. We help organizations 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 who believe the power of technology, combined with best practices and access to relevant information, helps companies gain a competitive advantage with improved planning, budgeting, reporting, and analysis.
With years of experience in the Advanced Analytics and Enterprise Performance Management practices, MindStream's innovations in Finance during the Covid-19 pandemic led to it being selected as one of the 30 Most Influential Companies in 2020 by CIO Bulletin.
MindStream's Award-Winning AppCare for Oracle, Hyperion, and NetSuite customers has been selected as one of Channel Futures Top 501 Managed Services offerings in the World. AppCare allows your company to have your own 24/7 Center of Excellence – often at a fraction of the cost of a single EPM administrator – because it maximizes the value of your IT organization by letting your staff focus on high-value activities while MindStream experts maintain your software.
Partner SpotLight
Oracle
Oracle has the most comprehensive suite of integrated, global business applications that enable organizations to make better decisions, reduce cost
Our Company
MindStream Analytics' senior staff was there at the birth of Business Intelligence. We have been part of building Business Intelligence nationally from its humble niche product status to the ubiquitous analytic tool that it is today. MindStream consultants are well versed in reporting and information management and are ready to help you leverage the power of multiple tier-1vendors. From Oracle Hyperion to IBM Cognos, we can help you select and integrate the right tools for you to better understand your information. MindStream Analytics has experience across a wide variety of industries: Business Services, Consumer Products, Energy, Financial Services, Healthcare, Manufacturing, Transportation , and Telecommunication. We have the depth and breadth of experience to help you deliver actionable information to users.
Case Studies
Accumen
Thanks to the intervention of MindStream Analytics, Accumen's Finance department can now model their business with a new, more organized structure that isn't conventionally available in NetSuite.
Acme Brick
Acme Brick turned to MindStream Analytics for help implementing OneStream to replace their outdated TM1 solution.
Alterra
Alterra sought the expertise of MindStream to address the challenges they faced in their Capital Planning process.
ATCO Group
Energy conglomerate ATCO operates worldwide in utilities, power generation, and related services.
Avalon
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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..
BluEarth
MindStream Analytics' partnership with BluEarth Renewables epitomizes the power of technology and collaboration.
Celgene
An Oracle Hyperion Planning Upgrade provides multi-national organization Hyperion Application optimization and stabilization.
Cleaver Brooks
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CoorsTek
The collaboration between CoorsTek and MindStream resulted in significant improvements in CoorsTek's financial consolidation and reporting processes.
Elite Body Sculpture
MindStream Analytics' collaboration with Elite Body Sculpture encapsulates the transformative potential of targeted tech solutions in streamlining administrative processes.
Enlyte
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Flanders
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Foley Products
Foley Products was facing a significant challenge with its Excel-based actual management reporting system.
Harte Hanks
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Interface
Interface used a complex, manual, excel-based FP&A process for monthly review, and the summary data was loaded in OneStream.
Kymera International
Thanks to Mindstream Analytics' assistance, Kymera was able to load all of their data into OneStream and validate it successfully.
MacLean Fogg
MacLean-Fogg partnered with MindStream, a leading implementor specializing in modernizing and optimizing enterprise systems.
MEPPI
MindStream's expertise and experience were sought to conduct a vendor selection initiative focusing on MEPPI's F2023 planning process.
OUAI
MindStream Analytics and OUAI's collaboration showcases the transformative power of strategic technological intervention.
Plaskolite
By migrating to OneStream, Plaskolite has achieved a material reduction in consolidation time and overall Financial Close cycle, eliminated the hours spent compiling and verifying data in Excel, streamlined its Planning, Budgeting and Forecasting model and delivered flexible and timely reporting that enables more strategic analysis of their financial data.
Redwire
Understanding the nuances of Redwire's challenges, MindStream Analytics devised a holistic approach to overcome them. The implementation of NetSuite was just the beginning.
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.
Source Code
The successful transition to OneStream revolutionized Source Code's financial reporting.
Subway
Subway collaborated with MindStream Analytics for the NetSuite Analytics Warehouse implementation.
UPenn
MindStream Consulting and AppCare team members are proud be working side by side with UPenn university in accomplishing this implementation and along with continuing our AppCare services after go-live.
USG
USG was an Oracle Hyperion customer realizing that it needed more specialized support for its various Oracle Hyperion applications.
Vantiv
Dividing a hyperion planning application, expanding the hyperion footprint to forecast on the business? Customer categories.
Versant Health
Versant Health engaged MindStream to help resolve the challenges they were experiencing with their consolidation, close, and financial reporting processes.
Virginia Spaceport Authority
The MindStream team implemented the Standard + Workforce NetSuite Planning & Budgeting.
WeWork
MindStream Analytics determined that the best solution was to implement Oracle Essbase Cloud as part of the Oracle Analytics Cloud (OAC) platform-as-a-service
WindStream
Innovative use of essbase to streamline and connect hyperion financial management for enhanced financial analysis.
XY Planning
MindStream Analytics, well-versed in addressing such challenges, presented a comprehensive Netsuite solution for XY Planning.