Compare Oracle EPM to Workday Adaptive Planning

Oracle Fusion Cloud Enterprise Performance Management (EPM) delivers much more than just planning. Oracle’s complete suite of cloud EPM applications connects financial, operational, and sales planning across your business, streamlines the financial close and reporting process, and manages financial master data while seamlessly integrating with your core ERP systems.

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. Workday Adaptive Planning detailed comparison

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 Workday Adaptive Planning to Oracle Cloud EPM and see why Oracle is the better choice for you.

Business advantages
Workday Adaptive Planning
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 partner tools for other non-planning EPM business processes.1 Includes solutions for planning, profitability and 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.2
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.3
Integrated business planning and execution (IBPX) Fewer out-of-the-box capabilities mean that additional application development may be required.4 Provides end-to-end planning capabilities for manufacturing companies, enabling them to achieve their long-, medium-, and short-term performance goals.5 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.6
Profitability and cost management No known native profitability and cost management application. May rely on custom partner applications.7 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.8
Connected enterprise planning Fewer out-of-the-box capabilities mean that additional application development may be required.9 Purpose-built finance and line-of-business applications, including sales, workforce, supply chain, and integrated business planning and execution.10 Gain planning alignment and accuracy by leveraging built-in best practice capabilities across finance, operations, and line of business.11
Connected financial consolidation and close No known native offering.12 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.13
Account reconciliation No known native offering.14 A purpose-built account reconciliation application is included in Oracle Cloud EPM. Helps you 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.15
Comprehensive tax reporting No known native offering.16 A purpose-built tax application is included in Oracle Cloud EPM. Align tax with corporate financial reporting for better visibility and compliance. Deliver transparent corporate tax processes—including tax provision and country-by-country reporting (CbCR).17
Narrative reporting No known native offering.18 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.19
Enterprise data management No known native offering.20 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.21
Next-generation technologies
Comprehensive Microsoft Office integration (Oracle Smart View for Office) Partial capabilities.22 Extensive Microsoft Office integration and comprehensive functionality provided by Oracle Smart View for Office.23 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.24
Data integration Limited, data import/export and API toolkit.25 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.26
Advanced analytics and BI Limited capabilities.27 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 Recent announcements of early stages of AI and ML capabilities.28 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 with Insights, and improve decisions with predictive planning.
Digital assistants (Chatbots) No known native capabilities. 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.29
Cloud platform technology provider May use third-party cloud hosting providers.30 Natively managed by Oracle on Oracle’s 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 Workday Adaptive Planning

Broader connected planning

Oracle Cloud EPM provides a unified view of financial, operational, and line of business planning with solutions for integrated sales planning and execution, project financial planning, and workforce planning. With it, you can connect key financial actuals with your CRM pipeline to build more adaptive plans and track your most valuable KPI—revenue.

Explore Oracle Cloud enterprise connected planning

Breadth and depth

Don’t settle for an incomplete EPM platform. Oracle Cloud EPM address virtually all your enterprise EPM requirements so you can focus on transforming insights to strategy, and strategy into results, instead of building additional EPM applications. Extend your EPM beyond just finance to build more complete and connected plans across your business—from day one of your fiscal year. As plans change, you need real-time data visibility to make informed decisions and adjust quotas as needed.

Explore the complete Oracle Cloud EPM suite

Next-generation cloud EPM

Oracle Cloud EPM incorporates innovative technologies, such as AI, machine learning, predictive analytics, and enterprise collaboration to enable finance teams, sales, HR, and other lines of business to integrate real-time data into planning—eliminating delays in decision-making.

What are the 10 essential capabilities a complete EPM must provide?

Analysts consistently rate Oracle a performance management leader

Business conditions are changing faster than many companies can keep up with. When it comes to planning and forecasting, having less-than-comprehensive capabilities can mean users spend more time setting up workflows and forms than doing quick-response, data-driven planning that supports business strategy. You need a leader in cloud EPM to help you modernize mission-critical functions and have your back when you need it the most.

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.

woman moving forward with EPM illustration

Evaluating other performance management vendors?

See a side-by-side-comparison of why Oracle Cloud EPM leads where it matters.

Sources

1 Planning centric. No nonplanning EPM applications. https://www.workday.com/en-us/products/adaptive-planning/overview.html

2 https://www.oracle.com/a/ocom/docs/applications/epm/oracle-epm-suite-solution-brief.pdf

3 https://www.oracle.com/performance-management/planning/

4 Lacks integrated IOT/AI/prescriptive analytics and execution. https://www.adaptiveplanning.com/solutions/manufacturing - https://www.adaptiveplanning.com/sites/default/files/assets/workday-adaptive-planning-datasheet-for-manufacturing.pdf

5 https://www.oracle.com/a/ocom/docs/cfo-epm-planning-infographic-five-reasons.pdf

6 https://www.oracle.com/performance-management/planning/#rc30p7

7 No known native profitability and cost management solution. May rely on partners. https://miagen.com/technology/workday-adaptive-planning/workday-adaptive-planning/profitability-analysis/

8 https://www.oracle.com/performance-management/profitability-cost-management/

8 Gartner, “Market Guide for Cloud Extended Planning and Analysis Solutions,” 9 July 2022, ID G00765782.

10 https://www.oracle.com/a/ocom/docs/cfo-epm-planning-infographic-five-reasons.pdf

11 https://www.oracle.com/a/ocom/docs/applications/epm/oracle-epm-suite-solution-brief.pdf

12 There is no known or advertised native offering from Workday Adaptive Planning. The software relies on Workday Financial Management for consolidations.
https://www.workday.com/en-us/products/financial-management/close-consolidate.html

13 https://www.oracle.com/a/ocom/docs/applications/epm/oracle-financial-consolidation-and-close-ds.pdf

14 No public data on a purpose-built AR solution. Their internal blog points to BlackLine as their partner for close and AR solutions with their customers. https://blog.adaptiveplanning.com/customer-success/roi-netsuite-adaptive-insights-blackline/

15 https://www.oracle.com/performance-management/account-reconciliation/

16 No published reference to a purpose-built tax reporting/provisioning solution. https://www.adaptiveplanning.com/cpm-solutions-by-need

17 https://www.oracle.com/performance-management/tax-reporting/

18 No purpose-built narrative reporting module. Partners with Workiva and uses Microsoft Office to build custom external narrative reports via its Office Connect utility. https://marketplace.workiva.com/en-us/connectors/workday-adaptive-planning-connector https://www.workday.com/content/dam/web/en-us/documents/datasheets/enus-pln-da-workday-adaptive-planning-officeconnect.pdf

19 https://www.oracle.com/performance-management/narrative-reporting/

20 Partners with Qmetrix, Informatica, but has no native solution such as Oracle Enterprise Data Management. https://qmetrix.com.au/technology/profisee/ https://marketplace.informatica.com/listings/cloud/connectors/Infometry_Adaptive_Insights_Connector.html

21 https://www.oracle.com/a/ocom/docs/applications/epm/oracle-enterprise-data-mgmt-cloud-ds.pdf

22 Has a connecter called “OfficeConnect,” which provides basic Microsoft Office connectivity for data import/export to create Office-based visualizations and extended reports. There does not appear to be any comparable out-of-the-box features like those offered by Oracle Smart View, such as EPM and ERP integration, comprehensive ad hoc, free-form capabilities, or precreated content. https://www.workday.com/content/dam/web/en-us/documents/datasheets/enus-pln-da-workday-adaptive-planning-officeconnect.pdf
https://www.oracle.com/performance-management/smart-view-for-office/

23 https://www.oracle.com/performance-management/platform/

24 https://www.oracle.com/performance-management/smart-view-for-office/

25 Standard ETL/bulk and developer APIs. No native integration to Oracle Applications. No public data on any drill though to source ERP and other transaction systems, such as Oracle Cloud ERP and Oracle Cloud HCM.

26 https://www.oracle.com/performance-management/platform/#rc30p3

27 Doesn’t have the breadth and depth of Oracle Analytics offerings, such as prebuilt analytics spanning ERP, HCM, SCM, and CX. They have a reporting/analytics platform specific to their planning platform. https://www.workday.com/content/dam/web/en-us/documents/datasheets/enus-pln-da-workday-adaptive-planning-reporting-analytics.pdf

28 https://diginomica.com/workdays-aneel-bhusri-ai-can-deliver-its-possibilities-needs-be-regulated

29 https://www.youtube.com/watch?v=Uk4L_UVXD54

30 Uses Google, AWS, and Dimension Data for IaaS as well as Cyxtera for safeguard controls. https://www.prnewswire.com/news-releases/google-cloud-and-workday-announce-multi-year-strategic-partnership-to-digitally-transform-enterprises-around-the-world-301351721.htmlhttps://www.theregister.com/2021/08/12/workday_google_preferred_partner/