It’s no secret that Oracle, along with the rest of the software industry, has been moving swiftly to the Cloud over the past few years.
Within Oracle’s Enterprise Performance Management platform, this transition began in 2014 with the launch of Planning and Budgeting Cloud Service (PBCS). In 2016, Oracle added out-of-the-box content to solve specific business challenges in areas like Workforce Planning and Capital Planning and bundled that with existing PBCS functionality to create Enterprise Planning and Budgeting Cloud Service (EPBCS).
Now in 2017, Oracle continues the impressive build-out of its Cloud offering with the introduction of Strategic Modeling, a new product that facilitates long-range planning and financial modeling in the Cloud.
As part of Oracle’s EPBCS bundle, the Strategic Modeling module is available at no additional cost to customers who already have purchased EPBCS. While Strategic Modeling is “new” in the sense that this functionality has never before existed in its Cloud offering, the module actually has its roots in Oracle’s Hyperion Strategic Finance (HSF) product and will look similar to HSF for those who are familiar with its on-premise capabilities.
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