Oracle EPM vs Board

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

Board Software Tool

Product Basics

Oracle EPM is a comprehensive cloud-based suite of applications designed to automate and streamline core enterprise performance management processes. It caters to organizations of all sizes, particularly those seeking to gain deeper insights into financial data, improve budgeting and forecasting accuracy, and optimize operational efficiency. Key benefits include enhanced financial reporting, centralized data management, improved collaboration, and real-time visibility into performance metrics. Popular features include a user-friendly interface, advanced analytics capabilities, and integration with other Oracle Cloud applications. User reviews highlight the platform's scalability, robust functionality, and strong customer support. However, some users note the complexity of the software and the need for specialized training. Pricing varies based on the specific modules and deployment options chosen. On-premise implementations typically involve upfront licensing fees, while cloud-based subscriptions offer pay-as-you-go models.

Pros
  • Scalable
  • Robust functionality
  • User-friendly interface
  • Advanced analytics
  • Strong customer support
Cons
  • Complex software
  • Requires specialized training
  • High cost
  • Limited customization options
  • Integration challenges
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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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$250/User, Monthly
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Tailored to your specific needs
$10,000 Quote-Based
Get a free price quote
Tailored to your specific needs
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Windows
Mac
Linux
Android
Chromebook
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Linux
Android
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Cloud
On-Premise
Mobile
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On-Premise
Mobile

Product Assistance

Documentation
In Person
Live Online
Videos
Webinars
Documentation
In Person
Live Online
Videos
Webinars
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support

Product Insights

  • Enhanced financial reporting accuracy and transparency: Get a clear, accurate picture of your financial health with automated reporting tools and real-time data insights.
  • Improved budgeting and forecasting capabilities: Make better-informed decisions by leveraging data-driven forecasts, scenario planning, and collaborative budgeting tools.
  • Streamlined financial consolidation processes: Simplify and accelerate your financial close with automated consolidation workflows, centralized data management, and real-time reporting.
  • Increased operational efficiency and cost savings: Optimize resource allocation, identify cost reduction opportunities, and improve overall operational efficiency.
  • Enhanced collaboration and communication across departments: Break down silos and foster collaboration with a unified platform for sharing financial data, insights, and goals.
  • Real-time visibility into performance metrics and trends: Gain constant insights into key performance indicators and track progress towards strategic objectives.
  • Enhanced decision-making capabilities: Make data-driven decisions with access to actionable insights, real-time data visualizations, and predictive analytics.
  • Reduced risk of financial errors and fraud: Improve financial controls, strengthen compliance, and minimize the risk of financial errors and fraud.
  • Improved compliance with regulatory requirements: Efficiently comply with complex financial regulations with automated compliance tools and pre-built reports.
  • Scalability to accommodate future growth: Adapt to your evolving business needs with a flexible platform that can scale to accommodate future growth.
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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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  • Planning: Use dashboards to get insights into performance and predictive strategizing to understand how to drive the business ahead. Connect various aspects of the organization and understand how every decision impacts profitability. Verify assumptions and minimize risks with free-form modeling at scale. Structure multiple scenarios and implement accounting intelligence. 
    • Monte Carlo Simulations: Check the possibility of plots and make well-informed decisions. Automate asset-related expenses and plan efficiently for intangible assets. Review capital expenses and check impacts on cash flow, balance sheets, income statements and more. Track project performance with detailed metrics and minimize decision latency with real-time strategy and execution details. 
    • Integrated Business Planning And Execution: Establish a connection between finance, planning, execution and operation. Apply data science and machine learning to improve decision-making and speed up data analysis. 
  • Profitability and Cost Management: Invest in the right resources by analyzing which customers, products and other factors are boosting profit. Make better IT decisions by gaining insights into IT expenditure and shared services. See where money is allocated by providing shared-services prices to different departments. 
    • Automatic Price Recording: Model regulatory value by calculating and automatically recording price for overhead rate justification, jurisdiction profitability, negotiations and more. Create and maintain profitability and price structure without scripts or coding, but with point and click actions. Quickly transform assumptions and allocation methods without re-building layouts or relying on IT services. 
    • Optimization: Optimize profitability by modeling changes like adding new customers and products, changing delivery positions and more. Analyze and understand which drivers and methods affect the bottom line. Keep an eye on allocation details with money and profitability maps. 
    • Security: Make sure that only authorized people have access to data with cloud-based applications. Add new dimensions and segments as the company grows. Merge monetary data with metrics and business drivers while running step-by-step validation reports. 
    • Accessibility: Ensure accessibility with a mobile workforce and configure dashboards to analyze the most current data. Identify gaps and what is helping the bottom line with pre-built graphs and KPIs. Perform variance analysis and optimize profitability. 
  • Financial Consolidation and Close: Automatically calculate cash flow, balance sheets and reduce customization needs. Implement a pre-configured consolidation model to meet global requirements like IFRS and GAAP. Simplify complex consolidation and boost the precision of information by re-classifying, adjusting and eliminating data for accuracy and speed. Track KPIs by creating calculations for organization-specific requirements. 
    • Automate Consolidations: Minimize manual work by automating consolidations in the background. Add details to reports with a narrative commentary. Ensure transparency and compliance by enforcing segregation of duties, calculation and user-activity logging. Keep track of what changes have been made and by whom. 
  • Account Reconciliation: Automate and meet compliance requirements of high-volume transactional reconciliations. Match details of millions of transactions in minutes with an automatic engine. Speed up the matching process by confirming or declining auto-suggested matches. Develop flexible matching rules for a single or group of transactions. 
    • Automate Reconciliations: Simplify reconciliations by defining data sources and attributes for unlimited items. Save time by automatically creating journal entries. Increase accuracy by automating repetitive reconciliations like zero balance and low risk. Identify outliers that might be potentially slowing down the financial close. 
    • Compliance: Get global auditability and ensure compliance is being met with reconciliations logged in the application. Create separate profiles for each account with variances without any custom code. Control the entire process and keep the team on the same page with built-in workflows. Get the flexibility to meet specific business requirements with a pre-built format. Make intercompany reconciliations automatic and enhance close cycle effectiveness with operational and compliance dashboards. 
  • Tax Reporting: Directly access records from general ledgers and use the most current data to calculate correct tax provisions. Comply with GAAP and IFRS requirements. Minimize manual processes by directly importing tax-return details from the software. Add country-by-country data from the consolidation system. Analyze tax data from pre-built KPIs on the dashboard. Incorporate reporting details and collaborate with users around the world on local files. 
    • Provision Automation: Automate processes like research and development, tax position, compliance, provision. Develop and maintain a calendar for important tax processes like audit management and tax compliance. Evaluate price associated with transportation, handling and insurance to implement the most cost-effective shipping option. 
  • Native Reporting: Access data directly from Oracle and non-Oracle sources like spreadsheets or applications. Create a consistent and controlled process by making use of existing reports. Send a single report by combining statements and data with textual narrative. Provide authors with accurate data and add multiple writers to documents. Reuse common content by using previous reports and ensure centralized maintenance of dates, data and text. 
    • Tracking and Sharing Reports: Track report statuses on mobiles and the web. Develop reports with complete audit trails and insight into transformations. Collaborate on content and create conversational threads to carry into the entire review circle. Share reports with stakeholders at any point of development. Produce briefing books and financial record books that can be accessed via mobile, web or desktop interface. 
  • Enterprise Data Management: Establish connections between Oracle and non-Oracle applications using adapters. Import lists and save time spent validating data entry. Cross-check viewpoints to boost the quality of applications within the organization. Sign requests with shopping cart interfaces. Implement custom application validations to keep track of notes during requests. 
    • Tagging and Communication Threads: Make changes to existing items and submit new items with a single click. Tag participants and send real-time email notifications with @ references. Use communication threads to keep track of activities. Ensure security with detailed, permission-based access to applications. Compare and understand differences with a side-by-side layout. 
    • Drag and Drop: Make transformations to viewpoints within and across applications with drag and drop or fill out the details using an automated workflow. Download viewpoints to desktop files and reload to conduct mass updates. Script automated integrations with REST APIs. Boost transparency by configuring data access for external auditors. 
  • Enterprise Resource Planning: Use datasets to predict, detect and act on uncertain and unpredictable situations. Speed up overall response time by uncovering significant deviations and revealing otherwise hidden information and bias. Eliminate manual processes with automation and invest more time understanding the data instead of entering it. 
    • AI Digital Assistants: Simplify and boost common and repetitive tasks with AI-powered digital assistants. Clear approvals faster by customizing tasks and over budget notifications. Identify trends and launch models accordingly. Keep track of results in real time and refine the approach as the business progresses. 
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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

#18

among all
EPM Software

#39

among all
EPM Software

Find out who the leaders are

Analyst Rating Summary

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83
100
79
100
81
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82
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Capital Expenditure Planning
Cash Management
Financial Consolidation and Reconciliation
Integration and Extensibility
Planning, Budgeting,and Forecasting
Profitability Modelling and Analysis
Revenue Planning
Reports and Dashboards
Planning, Budgeting,and Forecasting
Sales Planning

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Oracle EPM
Board
+ Add Product + Add Product
Capital Expenditure Planning Cash Management Financial Consolidation And Reconciliation Planning, Budgeting,and Forecasting Platform Capabilities Profitability Modelling And Analysis Project Planning Reports And Dashboards Revenue Planning Sales Planning Workforce Planning 100 100 100 100 100 100 100 100 100 100 100 79 81 82 86 75 100 81 88 100 86 79 0 25 50 75 100
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86%
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23%
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86%
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71%
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

100%
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63%
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37%

User Sentiment Summary

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Great User Sentiment 804 reviews
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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.

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4.8 (2)
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4.4 (279)
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4.5 (134)
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4.6 (157)
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4.3 (232)

Awards

SelectHub research analysts have evaluated Oracle EPM and concluded it deserves the award for the Best Overall EPM Software available today and earns best-in-class honors for Capital Expenditure Planning, Cash Management, Financial Consolidation and Reconciliation, Planning, Budgeting,and Forecasting, Platform Capabilities, Project Planning, Sales Planning, Workforce Planning and Integration and Extensibility.

Analysts' Pick Award
Capital Expenditure Planning Award
Cash Management Award
Financial Consolidation and Reconciliation Award
Planning, Budgeting,and Forecasting Award
Platform Capabilities Award
Project Planning Award
Sales Planning Award
Workforce Planning Award
Integration and Extensibility Award

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Synopsis of User Ratings and Reviews

Streamlined processes: Users appreciate how EPM automates manual tasks and provides real-time insights, improving efficiency and accuracy.
Enhanced collaboration: Users value EPM's ability to facilitate seamless collaboration across departments, leading to better decision-making.
Increased visibility: Users find EPM's consolidated view of financial data across the organization invaluable for better planning and forecasting.
Improved compliance: Users appreciate how EPM helps them comply with complex financial regulations and standards.
Scalability and flexibility: Users are satisfied with EPM's ability to adapt to their changing needs and grow with their business.
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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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Complexity: Users find the initial setup and configuration of EPM to be complex and time-consuming.
Cost: EPM can be expensive, especially for smaller businesses, due to licensing fees and implementation costs.
Learning curve: EPM has a steep learning curve, requiring users to invest time and resources in training.
Limited customization: While EPM offers some customization options, it may not be flexible enough for all businesses.
Integration challenges: Integrating EPM with other systems can be complex and require additional resources.
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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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User reviews for Oracle EPM paint a mixed picture, highlighting both its strengths and weaknesses. Many users praise its ability to automate tasks, streamline processes, and provide real-time insights, leading to improved efficiency and accuracy. They also value its ability to facilitate collaboration across departments and its centralized view of financial data, which fosters better decision-making. One user commented, "EPM has completely transformed our financial close process, reducing our closing time by 50%." Others appreciate how EPM helps them comply with complex regulations, with one user stating, "EPM has saved us countless hours and resources by automating our compliance reporting." However, some users find EPM's initial setup and configuration to be challenging and time-consuming. The cost can also be a barrier for smaller businesses. Additionally, the steep learning curve requires users to invest significant time and resources in training. Some users also expressed frustration with EPM's limited customization options and the challenges they faced integrating it with other systems. One user noted, "While EPM offers a lot of features, it can be inflexible at times and doesn't always meet our specific needs." Another user commented, "Integrating EPM with our existing ERP system was a major headache." When comparing EPM to similar products like SAP BPC and Anaplan, users often highlight EPM's comprehensive feature set, robust security measures, and seamless integration with other Oracle applications as its main differentiating factors. However, some users find SAP BPC to be more user-friendly and Anaplan to be more agile and adaptable. Ultimately, the best choice for individual users and businesses depends on their specific needs and priorities.

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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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