What is Planning and Budgeting Cloud Service - PBCS
PBCS , also known as Planning and Budgeting Cloud Service, is now called Planning in the Oracle EPM Cloud. PBCS is similar to EPBCS (Enterprise Planning & Budgeting Cloud Service) in that it comes with modular-based Planning features, however, it does not include custom planning, free form planning, or customized groovy scripts offered as Enterprise cloud features.
Today, the cloud offers a more affordable alternative for EPM that lowers both operational expenses (OpEx) and capital expenses (CapEx) because it eliminates the need for companies to purchase software and hardware or hire additional IT staff. With no costly infrastructure to support, resources can be invested in growth opportunities, while employees can focus on more value-added tasks instead of managing IT.
Planning in the Cloud or PBCS is a purpose-built business process that can be is used by both corporate finance as well as operational planners throughout the company (such as sales, marketing, HR, IT, and the lines of business.) It empowers operational planners with flexibility, scalability, and the ownership to plan the way they want, while still offering the transparency and control required for corporate finance.
The solution includes pre-built modules to quickly deliver value to your planning including:
Strategy – offers a solution purpose-built for scenario modeling. It includes features for side-by-side financial and operational analysis of numerous business scenarios. Users can easily change assumptions, model logic, and mix-and-match scenarios on the fly in seconds. It can be used by both corporate/group users as well as those in the business units. It also includes robust financial logic for the entire trial balance (income statement, balance sheet, and cash flow), treasury features, and mergers and acquisitions.
Financials – a fully integrated financial statement planning solution across the income statement, balance sheet, and cash flow. For example, the integration ensures that changes on the income statement automatically roll to the balance sheet and cash flow. Importantly, the Financials is constructed into four sub-process that can be incrementally enabled: Revenue, Expense, Balance Sheet, and Cash Flow. This allows you to use a single sub-process – such as Expense planning – or any combination of the sub-processes in the module.
Workforce –this module fits the needs of both Finance and HR as it addresses compensation spend by employee and/or job code and integrates with your HCM systems and strategic workforce planning for a complete solution to manage employee budgets, skills, and talent— now and in the future.
Projects – offers a planning pattern that is suitable for numerous uses. Project-oriented industries will benefit from the detailed project financial planning process that allows for granular planning for employees, contractors, materials, and costs associated with large scale projects. Projects is also well-suit for project-oriented departments in any enterprise (e.g. IT, Marketing, R&D, etc.) that need a more streamlined approach to planning projects.
Capital – addresses planning needs associated with new and existing assets, as well as intangibles. The module accounts for long-range asset-related impacts across the income statement, balance sheet, and cash flow. Capital is very appropriate for enterprises that have significant capital assets.
MindStream is an Oracle Gold Partner and Oracle Cloud Partner with decades of experience in Analytics and Enterprise Performance Management (EPM.) MindStream offers services ranging from software selection and implementation to best practices for financial planning and reporting.
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
Working with MindStream Analytics, Avalon Healthcare Solutions adopts NetSuite Planning and Budgeting to accelerate budgeting and forecasting processes.
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
OneStream XF was chosen as the platform that would transform Cleaver-Brooks' Finance processes.
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
Enlyte, a merger of Mitchell, Genex, and Coventry, faced challenges with disparate financial solutions and the need for combined reporting.
Flanders
MindStream Analytics collaborated with Flanders to implement OneStream Consolidation and Reporting solution.
Foley Products
Foley Products was facing a significant challenge with its Excel-based actual management reporting system.
Harte Hanks
The collaboration between MindStream Analytics and Harte Hanks culminated in a highly customized, user-friendly NetSuite implementation.
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.