Compare Oracle EPM to Anaplan
Oracle Fusion Cloud Enterprise Performance Management (EPM) delivers the most complete Cloud EPM suite. Unlike other niche or incomplete offerings, Oracle Cloud EPM provides prebuilt solutions for connected enterprise planning across finance, operations, and lines of business, including HR, supply chain, IT, and sales, while delivering the breadth and depth of capabilities for all other EPM business processes, including financial consolidation and close, account reconciliation, tax reporting, enterprise data management, and reporting. Oracle Cloud EPM also helps you manage your environment, social, and governance (ESG) practices.
Measuring the Value of Oracle Fusion Cloud Enterprise Performance Management
Our latest value of EPM survey of more than 500 finance professionals reveals that digital transformations have helped organizations get more done. Now, by using automation and best practice processes in Oracle Cloud EPM, organizations have more time for strategic priorities, such as connecting financial planning with line-of-business planning and environmental, social, and governance (ESG) initiatives.
Find out why companies have moved to Oracle Cloud EPM, how they streamlined their business processes, and the business benefits they achieved. Download the ebook to read the latest survey.
Oracle Fusion Cloud EPM vs. Anaplan
Businesses around the world look to their finance teams to provide guidance about where to invest and grow–especially in times of uncertainty. Only Oracle provides a full suite of cloud-based enterprise performance management applications to help you analyze, understand, and report on your financial position.
Compare Anaplan to Oracle Cloud EPM and see why Oracle is the better choice for you.
Business advantages |
Anaplan |
Oracle Cloud EPM |
Why this matters |
|---|---|---|---|
| One complete, unified, and complete cloud EPM application suite | Limited footprint that’s planning centric. May require custom development or third-party tools for other non-planning EPM business processes.12 | Includes solutions for planning, profitability, cost management, financial consolidation and close, account reconciliation, tax reporting, narrative reporting, freeform, and enterprise data management. | A complete solution integrates management processes across the organization, aligning strategy with execution. Provides improved visibility and insight into all aspects of the business.3 |
| Planning, budgeting, and forecasting | Standard capabilities for financial planning (FP&A). | Purpose-built with comprehensive and innovative capabilities integrated across finance, operations, and lines of business. | Enables you to make better decisions with goal-oriented, driver-based plans. Gain immediate insights into performance and best path forward recommendations with predictive planning.4 |
| Integrated business planning and execution (IBXP) | Some degree of out-of-the-box capabilities. May require additional application development or third-party partner tools.5678 | Provides end-to-end planning capabilities for manufacturing companies, enabling them to achieve their long-, medium-, and short-term performance goals.9 | Transform plans into execution and monitor activity to detect unexpected events using the Internet of Things (IoT), AI, and prescriptive analytics. Simulate and evaluate alternative responses to maintain or improve business targets.10 |
| Profitability and cost management | No known native profitability and cost management application. May rely on custom partner applications.11 | Purpose-built profitability and cost management applications are included in Oracle Cloud EPM. | You can allocate resources more effectively with a deeper understanding of costs and profitability.12 |
| Connected enterprise planning | Fewer out-of-the-box capabilities mean that additional application development may be required. | Purpose-built finance and line-of-business applications, including sales, workforce, supply chain, and integrated business planning and execution. | Gain planning alignment and accuracy by leveraging built-in best practice capabilities across finance, operations, and line of business.13 |
| Connected financial consolidation and close | No known native offering.14 | Purpose-built consolidation and close applications are included in Oracle Cloud EPM. | Enables you to efficiently manage the consolidation and close, end to end. Helps ensure processes are dependable, correct, timely, transparent, streamlined, efficient, compliant, and auditable.15 |
| Account reconciliation | No known native offering.16 | A purpose-built account reconciliation application is included in Oracle Cloud EPM. | Close faster by automating account reconciliations and transaction matching. Improve the efficiency and accuracy of your financial statements while addressing security and risk typically associated with the process.17 |
| Comprehensive tax reporting | No known native offering.18 | A purpose-built tax application is included in Oracle Cloud EPM. | Align tax with corporate financial reporting for better visibility and compliance. Helps you deliver transparent corporate tax processes—including tax provision and country by country reporting (CbCR).19 |
| Narrative reporting | No known native offering.20 | Purpose-built narrative reporting is included in Oracle Cloud EPM. | Helps you meet internal and external reporting needs. Collaborate across the report creation process to define, author, review, and publish management and regulatory reports.21 |
| Enterprise data management | No known native capabilities.22 | Purpose-built and part of the Oracle Cloud EPM platform. However, enterprise data management is not limited to the EPM environment. | Respond and adapt to change faster by accelerating digital transformations, modeling potential M&A, chart of accounts redesign, and more. Pull or push enterprise data (e.g., master data, reference data, and hierarchies) to and from various systems, such as ERP, EPM, HCM, and data warehouses, whether they are cloud, on-premises, Oracle, or non-Oracle.23 |
| Next-generation technologies | |||
| Comprehensive Microsoft Office integration (Oracle Smart View for Office) | Partial capabilities.24 | Extensive Microsoft Office integration and comprehensive functionality provided by Oracle Smart View for Office.25 | Integrate ERP, EPM, and business intelligence data into Microsoft Word, PowerPoint, Excel, and Outlook. View, import, manipulate, distribute, and share data in Office-based interfaces.26 |
| Data integration | Limited, data import/export and API toolkit.27 | World-class integration platform and services. | Easily integrate your critical sources into your Oracle Cloud EPM application, regardless of whether the source is on-premises, in the cloud, Oracle, or third party.28 |
| Advanced analytics and BI | Limited capabilities.29 | Available in the industry-leading Oracle Analytics Cloud platform. | Oracle Analytics empowers business users, data engineers, and data scientists to access and process relevant data, evaluate predictions, and make quick, accurate decisions. |
| Embedded AI and machine learning | Limited capabilities requiring additional third-party tools.30 | Native, comprehensive AI and ML infrastructure embedded in Oracle Cloud EPM Intelligent Performance Management Insights. | Empowers finance to become data driven, speed up data analysis to take faster action, and improve decisions with predictive planning. |
| Digital assistants (Chatbots) | No purpose-built features. Relies on custom development.31 | Oracle Cloud EPM features an embedded, AI-guided digital assistant. | Helps teams work better and faster with instant responses, recommendations, and updates on critical tasks.32 |
| Cloud platform technology provider | Relies on third-party cloud hosting providers.33 | Natively managed by Oracle on Oracle Cloud Infrastructure. | Oracle Cloud EPM is fully developed and managed by Oracle delivering best-in-class security, scheduled updates, and uptime reliability. |
Oracle Cloud EPM customers see results with connected planning
71%
Increased adoption of scenario modeling
56%
Reduced number of days to plan per cycle
Reasons to choose Oracle over Anaplan
-
Breadth and depth
Oracle Cloud EPM addresses virtually all your EPM requirements so that you can spend time strategizing—not developing applications. The range of Oracle Cloud EPM is complemented by depth of functionality, with built-in best practices and predictive intelligence across all processes.
Don’t be fooled by the illusions (PDF) -
Flexible deployment
Implement any EPM process that fits your strategy and priorities. Our innovative, modular framework of purpose-built planning applications are easy to deploy. No need to struggle with templates that require additional coding. Realize faster, cost-effective application availability and greater business benefits sooner.
Why choose Oracle Fusion Cloud EPM over the competition? -
Next generation cloud EPM suite
Oracle Cloud EPM incorporates innovative technologies, such as artificial intelligence, machine learning, predictive analytics, and enterprise collaboration, to enable finance teams, sales organizations, and other lines of business to integrate real-time data into planning and decision-making.
Explore Oracle Cloud enterprise connected planning -
Advanced forecasting capabilities
Connect your EPM solution to critical CRM data with Oracle Sales Planning to achieve your goals and capture performance across your business. Expand and improve your planning, forecasting, and revenue generation with the most complete and unified application suite on the market.
Explore Oracle Sales Planning
Take the first step to migrate to Oracle Cloud EPM
Customers are choosing Oracle for our purpose-built, best-in-class cloud EPM applications instead of a narrowly focused EPM development platform. Oracle Cloud EPM is fully connected, with AI-embedded capabilities, and built for flexibility with business users, not application coders, in mind.
Why settle for buying products from different vendors to fill incomplete EPM application gaps in order to get all the functionality you need? Or waiting for a costly, time-consuming, customized development effort? Take the next step and contact us to explore the vast benefits thousands of Oracle Cloud EPM customers are experiencing today.
Evaluating other performance management vendors?
See a side-by-side-comparison of why Oracle Cloud EPM leads where it matters.
Sources
1 https://www.anaplan.com/solutions/
2 https://partners.anaplan.com/partner-solutions-showcase/
3 https://www.oracle.com/a/ocom/docs/applications/epm/oracle-epm-suite-solution-brief.pdf
4 https://www.oracle.com/performance-management/planning/
5 https://www.anaplan.com/industries/manufacturing/ (Manufacturing is an industry Anaplan supports but uses partner solutions as per #6 below)
6 https://partners.anaplan.com/genpact/production-scheduling/ (Example of an Anaplan partner solution for Manufacturing planning)
7 https://partners.anaplan.com/partner-solutions-showcase/?filter=manufacturing (List of partner solutions filtered by “manufacturing” planning apps)
8 https://www.oracle.com/scm/supply-chain-planning/integrated-business-planning-execution/ (List of native Oracle IBXP applications listed under “Related Integrated Business Planning and Execution products” that Anaplan requires partners to provide)
9 https://www.oracle.com/a/ocom/docs/cfo-epm-planning-infographic-five-reasons.pdf
10 https://www.oracle.com/performance-management/planning/#rc30p7
11 https://www.profitand.com/anaplan-financial-planning-and-analysis https://partners.anaplan.com/partner-solutions-showcase/
12 https://www.oracle.com/a/ocom/docs/cfo-epm-planning-infographic-five-reasons.pdf
13 https://www.oracle.com/a/ocom/docs/applications/epm/oracle-epm-suite-solution-brief.pdf
14 https://www.anaplan.com/solutions/
15 https://www.oracle.com/a/ocom/docs/applications/epm/oracle-financial-consolidation-and-close-ds.pdf
16 https://www.anaplan.com/solutions/
17 https://www.oracle.com/performance-management/account-reconciliation/
18 https://www.finext.nl/en/tax-reporting-with-anaplan/
19 https://www.oracle.com/performance-management/tax-reporting/
20 https://www.workiva.com/partners/anaplan
21 https://www.oracle.com/performance-management/narrative-reporting/
22 No native offering. Relies on at least two third-party partner solutions:
https://www.anaplan.com/partners/dell-boomi/
https://www.epmware.com/partners-2/
23 https://www.oracle.com/a/ocom/docs/applications/epm/oracle-enterprise-data-mgmt-cloud-ds.pdf
24 https://help.anaplan.com/bbf06731-3cc3-4b70-9544-f74be85d67d0-Extensions
25 https://www.oracle.com/performance-management/platform/
26 https://www.oracle.com/performance-management/smart-view-for-office/
27 Standard ETL/bulk and transactional load scripts and developer APIs. No drill-to-transaction details in source systems, etc.
https://help.anaplan.com/2afaca82-3f32-426c-b9c2-ff73b9ec636a-Third-party-Data-Integration
https://help.anaplan.com/f3ec5fcc-0e46-4a59-bcce-c1319716b823-Data-Integration
https://community.anaplan.com/t5/Idea-Exchange/Excel-Add-in-Drill-Down-and-Drill-through-to-Transaction/idi-p/103438?attachment-id=4293
28 https://www.oracle.com/integration/
https://www.oracle.com/performance-management/platform/#rc30p3
29 https://partners.anaplan.com/partners/tableau/
30 Relies on Amazon Forecast predictive engine to integrate with Anaplan PlanIQ: https://www.anaplan.com/wp-content/uploads/2020/09/planIQ-Solution-Brief.pdf
https://www.anaplan.com/wp-content/uploads/2021/06/PlanIQ_datasheet.pdf
31 https://community.anaplan.com/discussion/115668/building-a-chat-bot-part-1-using-gcp
https://community.anaplan.com/discussion/115641/building-a-chat-bot-part-1-using-aws
32 https://www.youtube.com/watch?v=Uk4L_UVXD54
33 Uses Google Cloud and AWS for its cloud platform: https://www.anaplan.com/partners/google-cloud/ https://www.anaplan.com/partners/aws/
Articles:
Forbes: Oracle Updates Fusion Cloud ERP And EPM, Racking Up New Customers In The Process
MarketScape: Worldwide Enterprise Planning, Budgeting, and Forecasting Applications 2022 Vendor Assessment
Nucleus—Scaling Up with Oracle Cloud EPM (PDF)