Oracle Financials Cloud vs Board

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Our analysts compared Oracle Financials Cloud vs Board based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

Board Software Tool

Product Basics

Oracle Financials Cloud is a comprehensive suite of cloud-based financial management applications designed for mid-size to large enterprises. It automates and streamlines core financial processes, including accounting, financial reporting, payables, receivables, and project accounting. The solution boasts robust features like AI-powered insights, automated workflows, and global capabilities, making it a suitable choice for businesses seeking enhanced financial visibility and control. Users praise the platform's scalability, ease of use, and extensive functionality. However, some report occasional performance issues and a steeper learning curve compared to simpler solutions. Pricing varies based on modules selected and user count, typically starting from a monthly subscription per user. Overall, Oracle Financials Cloud offers a robust and scalable solution for managing financial operations, particularly well-suited for larger organizations seeking advanced features and global capabilities. However, potential users should consider the learning curve and pricing structure before adopting the platform.

Pros
  • Scalable
  • Automates tasks
  • Global capabilities
  • AI-powered insights
  • Robust features
Cons
  • Steep learning curve
  • Occasional performance issues
  • High cost
  • Complex setup
  • Limited customization
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Board Intelligent Planning Platform is a business planning tool that gives companies of all sizes resources to empower themselves and develop better, future-proof practices. It’s especially useful to businesses that have financial, supply chain, sales and operations, and merchandise and retail planning needs.

The software utilizes the Microsoft Azure cloud to give users access from any connected device and uses a low-code customization environment so even the least experienced programmer can optimize its workflow for whatever their company requires.

Pros
  • Easy to use interface
  • Collaborative planning
  • Data visualization tools
  • Flexible reporting options
  • Scalable for future growth
Cons
  • Limited free plan features
  • Can be expensive for large teams
  • Learning curve for advanced features
  • May not integrate with all software
  • Limited customization options
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$2/User, Monthly
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Tailored to your specific needs
$10,000 Quote-Based
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Tailored to your specific needs
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Product Assistance

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Product Insights

  • Intuitive User Experience: Connect data from different sources (i.e., BI, social, transactions and more) to deliver it in an efficient, engaging way. 
  • Better Decision-Making: Collaborate with others on financial procedures for quick follow-ups on pending items with social modules. Users may also provide additional information about transactions and reports for informed decision-making. 
  • Complete Integrated Suite: Leverage this solution's complete internationalization support including number, date, name and address formatting and translate them into 26 languages. Users may also integrate spreadsheets with applications for high volume data entry and one-click uploads. 
  • Complete Control: Navigate the easiest path to the next generation of financing quickly and cost-effectively through this solution’s modern user experience. 
  • Real-Time Self-Serving Reporting and Analysis: Perform simple drilldowns for live transactions to gain real-time accounting information. 
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  • No Experience Required: Users of any skill level can get into Board and immediately start optimizing their business planning with a comprehensive set of tools for business intelligence, performance management and predictive analytics. 
  • All-in-One Platform: Board provides the resources to handle everything from flat-file data to ERP, with a user-friendly interface that serves expert and beginner users alike. 
  • Adaptable Use Cases: Financial planning and analytics, accounting reporting and consolidation, supply chain planning and management, and merchandise and retail planning can all be handled and optimized using Board’s robust set of corporate and departmental modules. 
  • Customizability: Board gives businesses the ability to not only handle processes out of the box, but also to create custom workflows and modules for their specific needs. 
  • Self-Service Analytics: Gain insights into business performance, forecast trends and develop better strategies without sophisticated IT knowledge or assistance. 
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  • Ledger and Analytics: View and interact with account balances from different perspectives. Analyze account balances by any dimension in real-time. 
  • Collections Overview: Rank patrons uniquely with the configurable scoring extension on the collections overview module. Users may also utilize payment management to improve cash flow with promise and payment capabilities. 
  • Generate Expense Reports: Create and submit expense reports with ease. Policy controls enable expense management controls using approvals and audits. 
  • Accounting Hub: Create a centralized location of financial data for bookkeeping teams to trust. Users receive full insights into financial information from multiple locations such as ledgers, subledgers and verified references.  
  • Quick Receivables: Manage the entire quote-to-order-to-cash process with just a few clicks. Seamlessly create customer invoices and receive/apply customer payments. 
  • Revenue Management: Recognize revenue for performance obligations at a specific point in time or over-time with the revenue management apparatus. This module also highlights liabilities and assets for performance obligations valued at due consideration. 
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  • Adaptable Platform: Board Intelligent Planning Platform can be deployed in a variety of ways depending on specific business needs, and utilizes a proprietary in-memory technology and HTML5 web platform to remain fast and usable regardless of how it’s deployed. 
    • Granular Security: A multi-layer security system provides full control over who has access to what information on a cell-by-cell basis.
    • Metadata Gateway: The software translates data sources into simple, easy-to-read views and imports data into its own format automatically.
  • Powerful Analytics: Board provides automatic and manual analytics features for users of all experience levels to make sense of data and inform future decisions. 
    • Drag-and-Drop Analysis: Build robust analyses from company financial data by simply dragging and dropping information into a visual environment, with built-in machine learning capabilities to handle the more difficult, technical side of analysis. 
    • Multidirectional Drilldown: Create drill paths in any direction, between reports or back to source systems for the most in-depth analysis possible. 
  • Robust Planning: Enter data and use it to determine future plans with Board’s complete set of ERP tools. 
    • Simplified Metrics: Users can create Excel-like formulas to define specific custom metrics and apply them to any of the software's databases. 
    • Real-time Adjustments: Change data metrics and models without affecting user operations. This gives businesses maximum control over planning and forecasting as events unfold. 
  • Business Modeling: Define workflows and onboard employees to ensure maximum organizational efficiency. 
    • Customized Rules: Create and customize boundaries and guidelines for their workflows. Users can also set criteria to help generate more precise predictions. 
    • Adaptive Aggregation: Flexible data aggregation can be performed at any time, automatically adapting data and metrics to new dimensions. 
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Product Ranking

#12

among all
Accounting Software

#17

among all
Accounting Software

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

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Accounts Payable Accounts Receivable Banking And Cash Management Budget And Expense Management Financial Statements And Revenue Management General Ledger And Chart Of Accounts Integration And Extensibility Inventory Management Journal Entries Mobile Support Multi-company Accounting And Asset Management Platform Capabilities Project Accounting Reporting And Analytics Tax Management 0 72 97 76 68 100 0 67 97 0 67 0 100 0 91 0 25 50 75 100
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User Sentiment Summary

Great User Sentiment 656 reviews
Great User Sentiment 804 reviews
82%
of users recommend this product

Oracle Financials Cloud has a 'great' User Satisfaction Rating of 82% when considering 656 user reviews from 5 recognized software review sites.

89%
of users recommend this product

Board has a 'great' User Satisfaction Rating of 89% when considering 804 user reviews from 5 recognized software review sites.

4.2 (14)
4.8 (2)
4.0 (92)
4.4 (279)
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4.5 (134)
3.6 (15)
4.6 (157)
4.1 (490)
4.3 (232)

Awards

SelectHub research analysts have evaluated Oracle Financials Cloud and concluded it earns best-in-class honors for Deployment Options.

Deployment Options Award

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Synopsis of User Ratings and Reviews

Streamlined workflows: Oracle Financials Cloud automates manual tasks like data entry and reconciliation, freeing up valuable time for accountants and finance professionals to focus on strategic analysis.
Enhanced visibility: Real-time dashboards and comprehensive financial reporting provide clear insights into financial performance, enabling data-driven decision-making.
Improved accuracy: Automated workflows and AI-powered features help reduce errors and ensure data integrity, leading to more reliable financial information.
Scalability: The cloud-based platform easily scales to accommodate business growth, eliminating the need for costly infrastructure investments.
Global capabilities: Support for multi-currency transactions and international operations facilitates global business expansion.
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Collaborative Planning: Users praise Board's real-time collaboration features, enabling teams to work together seamlessly on plans and share updates instantly, boosting efficiency and alignment.
Flexible & Scalable: Many appreciate Board's adaptability to various planning needs, accommodating diverse data sets, departments, and future growth, making it a future-proof solution.
Data Visualization & Insights: Users value Board's robust data visualization tools, transforming complex data into clear dashboards and reports, aiding in informed decision-making and identifying trends.
Automation & Streamlining: Real user experiences highlight Board's ability to automate repetitive tasks and workflows, freeing up time for strategic work and analysis, improving overall planning efficiency.
Mobile Accessibility: Appreciations are shared for Board's mobile app, allowing users to access plans and data on the go, enhancing flexibility and real-time decision support.
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Steep learning curve: The platform's extensive features and complexity can be challenging for new users to learn and navigate.
Occasional performance issues: Some users report experiencing occasional slowdowns and glitches, impacting their workflow.
High cost: Subscription fees and implementation costs can be significant, particularly for smaller organizations.
Limited customization: Extensive customization may require coding expertise or reliance on Oracle consultants.
Complex setup: Implementing and configuring the platform can be a lengthy process, especially for larger organizations with complex needs.
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Complex Calculations: Limited transparency in formula calculations, hindering troubleshooting and advanced analysis.
Macro Restrictions: Restricted macro functionalities might constrain automation and specialized workflows.
Navigation Challenges: Unintuitive interface layout and navigation, leading to user frustration and inefficiency.
Mobile Limitations: Limited mobile app functionalities compared to desktop version, restricting accessibility.
Restricted Dashboard Design: Limited design freedom for dashboards, impacting user preferences and visual clarity.
Scalability Concerns: Performance issues reported with large datasets, potentially hindering scalability for growing companies.
Opaque Pricing Structure: Lack of clear pricing information and complex licensing tiers, making cost estimation difficult.
Limited Support Availability: Reported challenges with timely and comprehensive support responses.
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Oracle Financials Cloud users express mixed opinions, highlighting both its strengths and weaknesses. Many praise its automation capabilities, improved visibility, and scalability, finding it a powerful tool for streamlining their accounting and finance operations. One user stated, "Oracle Financials Cloud has freed up our team from tedious data entry tasks, allowing us to focus on more strategic analysis." Others appreciate the platform's real-time dashboards and comprehensive reporting, noting that "it provides us with the clear insights we need to make informed decisions." Additionally, its scalability is seen as a significant advantage, especially for growing businesses. A user commented, "We were able to seamlessly scale Oracle Financials Cloud to accommodate our rapid expansion, without any infrastructure headaches." However, some users find the platform's learning curve steep and report occasional performance issues. One user noted, "It took our team some time to get comfortable with the interface and all the features." Others have experienced slowdowns and glitches, impacting their workflow. A user remarked, "There have been instances where the platform has been slow or unresponsive, which can be frustrating at times." Cost also presents a significant concern for some users, as the subscription fees and implementation costs can be substantial. One user stated, "The cost of Oracle Financials Cloud is definitely on the higher end, which may not be feasible for smaller organizations." Additionally, the platform's limited customization options can be frustrating for users with specific needs. A user commented, "We would prefer more flexibility in customizing the platform to meet our unique requirements." While users acknowledge the existence of similar products like SAP S/4HANA and NetSuite, they often highlight Oracle Financials Cloud's automation features, global capabilities, and robust reporting as key differentiators. One user noted, "The automation capabilities of Oracle Financials Cloud are far superior to other solutions we evaluated." Another user commented, "The platform's support for multi-currency transactions and international operations is a huge advantage for our global business." Finally, users appreciate the comprehensiveness and flexibility of the reporting tools, with one user stating, "The reporting capabilities of Oracle Financials Cloud are unmatched, allowing us to create the reports we need in a format that works for us." Overall, user reviews paint a complex picture of Oracle Financials Cloud. While it boasts powerful features and capabilities, its steep learning curve, performance issues, and high cost can be significant drawbacks. Ultimately, the decision to use Oracle Financials Cloud hinges on an organization's specific needs, budget, and technical expertise.

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Board, an Intelligent Planning software, garners mixed reviews from users. While praised for its user-friendly interface and extensive customization options, some find its cost and scalability a concern. Let's delve deeper. Users appreciate Board's intuitiveness, making it accessible even to non-technical folks. Its flexibility allows tailoring the platform to specific needs, a boon for organizations with intricate planning processes or unique data demands. Additionally, Board seamlessly integrates with various data sources, simplifying information consolidation for insightful analysis. However, cost can be a barrier, particularly for smaller businesses, as Board can be pricier than competitors. Scalability concerns arise, with some users reporting performance issues when handling massive datasets. While powerful for basic planning, Board might lack the advanced features offered by competitors for highly technical users or complex scenarios. Board sets itself apart by emphasizing visually engaging and interactive reports and dashboards, aiding communication with stakeholders. Its robust mobile app empowers users to access and manage plans on the go, promoting flexibility and remote work. Ultimately, Board's strengths and weaknesses hold varying importance depending on your needs. Budget, data volume, desired features, and user requirements should be carefully considered when comparing Board to other Intelligent Planning software options. Remember, this is just a general overview, and thorough research tailored to your specific context is crucial before making a decision.

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