Oracle enables free financial planning and scenario modeling tools to customers

Oracle has announced of providing free access to Oracle Financial Statement Planning, including Strategic Modeling, to all existing Oracle Planning Cloud customers for the next 12 months.

Oracle Financial Statement Planning will help Oracle customers run detailed ‘what-if’ scenarios for a wide array of possible economic situations, including payment delays, inventory fluctuations, and supply disruptions. It will also help increase the accuracy of revenue and cash flow forecasting and capital structure scenario modeling, and assist with bank covenant compliance, funding compliance, and credit rating calculations.

With free access to these industry-leading capabilities, Oracle customers will be able to benefit from:

· Enhanced business agility and improved decision-making: Our Monte Carlo simulation capabilities will help Oracle customers substantially improve business agility and mitigate negative outcomes by enabling you to test a range of likely outcomes and plan for potential responses.

· Accurate liquidity models: Balance sheet modeling becomes critical when businesses are modeling for liquidity. The built-in “goal-seek” capability will help businesses run periodic checks to decide which operational variables need to change for effective cost management and cash optimization.

· Simple and insightful reporting and analytics: It is key to not only communicate the numbers in the model, but also the thinking behind the numbers. Real-time analysis and report distribution are available using a variety of report formats, and both reporting and analysis are possible using a web browser and SmartView for Microsoft Office.

Many retailers now have to factor in phased reopening of physical locations in addition to anticipating continued shifts in the mix of online vs in-store revenues. They also need to consider consumer spending shifts, with staple items driving a larger percentage of revenues than luxury items. Every single industry will be impacted in a different way, which is why Oracle is also providing additional educational resources to help finance teams. The online tutorials and a step-by-step guide will help the customers to easily configure and take advantage of these free capabilities.

Additionally, several of Oracle partners are assisting in implementing these new modules, including Accenture, Alithya, Baker Tilly, Deloitte, EPMI, Grant Thornton, Hackett, Huron, IBM, Inlumi, InterRel, KPMG, Oracle Consulting, Peloton, Perficient, Performance Architects, PwC, Qubix, SC&H Group and Strategy Lighthouse.