EPB vs OFA comparison part 1

Categories: Other
Some highlighted areas of improvement for Enterprise Planning and Budgeting Minipack A over Financial Analyzer • Enterprise Planning and Budgeting sits on top of Enterprise Performance Foundation, which is the platform for other Corporate Performance Management applications such as Oracle Financial Consolidation Hub. This allows Enterprise Planning and Budgeting to share common dimensions and data, enabling the creation of truly integrated performance management solutions. • With Oracle Workflow-enabled processes Enterprise Planning and Budgeting allows users to control and understand their performance management tasks, something that had to be done largely outside of the system with Financial Analyzer. • Enterprise Planning and Budgeting provides users with personal workspaces to allow for personal dimensions members to be added and to save personal copies of budget and forecast data before they are submitted. Compared to Financial Analyzer the synchronization of these workspaces is automated and the amount of duplicated data drastically reduced. • Enterprise Planning and Budgeting uses the standard E-Business Suite concepts of users and does not require operating system user ids for authentication. • The Enterprise Planning and Budgeting administrative responsibilities have been separated for data loading, security and business processes, making it easier to devolve implementation and maintenance tasks. This alleviates the bottleneck caused by the Administrator workstation concept in Financial Analyzer. • The definition of Enterprise Planning and Budgeting calculations are template-driven, making it easier for business and functional users to maintain and use the system. • Enterprise Planning and Budgeting provides a level of abstraction between the logical and physical data model used in analytic workspaces. This makes business lifecycle changes to dimensionality of the data much easier to manage than in Financial Analyzer, and simplifies reporting for functional users. • The Enterprise Planning and Budgeting calculation rules are tied to a business process, allowing for greater flexibility in the definition of the level at which budgeting or planning is performed within an organization. These rules take advantage of the advances made in dynamic aggregation and calculation within Oracle OLAP, leading to reduced load aggregation, and solve times. • Improvements to the reporting and analysis features in Enterprise Planning and Budgeting include better control over document formatting and easier definition of dimension selections. • New folder and document privileges make it easier to define shared documents within Enterprise Planning and Budgeting compared to Financial Analyzer. • There are many new features in Enterprise Planning and Budgeting in the area of data collection. They include:
  1.  multiple views of reference data within one worksheet;
  2.  automated cell locking driven by calculation and security rules;
  3.  setting of targets that drive the validation of data entered by users;
  4.  automatic generation and distribution of worksheets;
  5.  Workflow-enabled approval processes based on data ownership rules.
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