From using Oracle Planning and Budgeting Cloud we do not have to deal with any infrastructure or maintenance as we did before.

The improvement for the organization is the same as it is with Hyperion Planning plus the license is a lot more affordable and it has no need for in-house equipment. The only thing to remember is that with one license, you get just one application (with five cubes).

The biggest improvement for us is that it's defined our processes. It provides us with out-of-the-box cloud for P&BCS that's a clean slate we can work on to build our business. It also allows us to not have to invest in unnecessary IT and infrastructure footprint. It provides analytics and enterprise performance management as well.

Once you do the budget in Oracle ERP, you can upload it, but it's easier to create and manage budgets in the Oracle budgeting tool itself. For example, if you have a shortfall in the budget, it's easier to manage that and the forms, too, especially if you also have Oracle Forms Management. You can get the forms from somewhere and then transform those forms into budget heads.

One mistake in the budget, then you are done for, especially if you're doing project management and you don't do the proper budgeting. If your project manager does not forecast the budget correctly for the coming year, it will be a disaster. 

We've been able to move from a centralized planning approach to a decentralized planning approach, with the possibility of putting planning responsibility on the shoulders of the middle management.