Last updated on
Company health
Ratings
Oracle Project Financial Management Cloud description
Oracle Project Financial Management Cloud is a comprehensive tool designed to help businesses effectively manage project finances. It provides a central platform for planning, budgeting, resource allocation, cost tracking, billing, and revenue management. This software offers tools for forecasting, analyzing project performance, and generating detailed reports, enabling data-driven decisions throughout the project lifecycle. Oracle Project Financial Management Cloud integrates seamlessly with other Oracle Cloud applications, making it suitable for medium to large businesses seeking to streamline project financials and improve overall profitability.
Who is Oracle Project Financial Management Cloud best for
Oracle Project Financial Management Cloud offers comprehensive project financial control, from planning and budgeting to billing and revenue management. Users praise its integrated modules, reporting capabilities, and resource allocation tools. However, some find the cost high and the interface clunky. It's ideal for large enterprises needing robust financial management and seamless integration with other Oracle Cloud applications.
-
Best for large enterprises (1001+ employees) seeking robust project financial controls and seamless Oracle Cloud integration.
-
Ideal for project-driven industries like telecommunications and education needing advanced budgeting, resource allocation, and financial reporting.
Oracle Project Financial Management Cloud features
| Supported Project Financial Management Cloud supports budget, expense, and profitability reports. |
| Supported Project Financial Management Cloud supports project tracking, budget allocation, and risk management. |
| Supported Capacity planning is supported through resource allocation, workload management, and project planning features. |
| Supported Billable time is tracked via integration with Oracle Fusion Cloud Time and Labor. |
Oracle Project Financial Management Cloud reviews
We've summarised 25 Oracle Project Financial Management Cloud reviews (Oracle Project Financial Management Cloud G2 reviews) and summarised the main points below.
- Comprehensive and integrated modules for managing all aspects of project finances.
- Built-in project templates and seamless integration with other Oracle applications.
- Excellent drill-down reporting and data visualization capabilities.
- Effective resource allocation and financial forecasting functionalities.
- User-friendly manuals and ease of use for core features.
- High cost of investment, especially as the number of users increases.
- Quarterly updates sometimes break existing functionalities and require extensive testing.
- Reporting features are basic and require customization for advanced needs.
- User interface can be clunky and less user-friendly compared to alternatives like Coupa.
- Performance can be slow, especially online, and requires a powerful Java server.
Oracle Project Financial Management Cloud alternatives
DayshapeBetter fit for professional services firms. Has stronger momentum based on employee growth and website traffic. G2 and Glassdoor ratings are higher.Read more
Oracle EBS ProjectsBetter suited for small businesses. Users mention a clunky and difficult to use interface.Read more
TrelloBetter for smaller teams and simpler projects. Offers a free plan. A more intuitive and visual interface for task management. Lacks robust financial reporting and project budgeting. A strong Trello alternative for basic project organization.Read more
Oracle Project Management CloudBetter for general project management, but less focused on financial aspects. Suitable for software, IT, and telecommunications, but less so for finance, retail, and manufacturing.Read more
ForecastBetter fit for smaller professional service businesses. Focuses on resource management and project tracking with AI-powered insights. Integrates with popular business tools. Has less momentum and lower ratings.Read more
ArtworkFlowBetter for marketing and design teams needing streamlined creative workflows. More user-friendly interface and stronger customer support. Focuses on brand asset management, workflow automation, and online proofing.Read more
Oracle Project Financial Management Cloud FAQ
What is Oracle Project Financial Management Cloud and what does Oracle Project Financial Management Cloud do?
Oracle Project Financial Management Cloud is a comprehensive solution for managing project finances, from planning and budgeting to cost tracking and revenue management. It offers robust reporting, forecasting, and analysis tools, integrating seamlessly with other Oracle Cloud applications. This makes it ideal for medium to large businesses seeking to streamline project financials and boost profitability.
How does Oracle Project Financial Management Cloud integrate with other tools?
Oracle Project Financial Management Cloud seamlessly integrates with other Oracle Cloud applications. This allows for streamlined data flow between different departments and provides a holistic view of project financials. It also offers integrations with other business tools.
What the main competitors of Oracle Project Financial Management Cloud?
Top alternatives to Oracle Project Financial Management Cloud include Oracle Project Management Cloud, Oracle EBS Projects, and Forecast. These solutions offer similar project financial planning, resource allocation, and reporting functionalities. Dayshape and ArtworkFlow are also potential alternatives, but cater to different niches within project management.
Is Oracle Project Financial Management Cloud legit?
Yes, Oracle Project Financial Management Cloud is a legitimate offering from Oracle. It's a robust project financial management tool suitable for large enterprises needing advanced features. However, potential users should be aware of the high cost and occasional performance issues.
How much does Oracle Project Financial Management Cloud cost?
I cannot find pricing details for Oracle Project Financial Management Cloud. Contact Oracle sales for a personalized quote based on your organization's needs. Consider exploring alternative project financial management software options with transparent pricing.
Is Oracle Project Financial Management Cloud customer service good?
Some users reported minimal customer support regarding specific features like Accrual Accounting. Others found the Projects module clunky, requiring custom reporting. However, the software is praised for its efficiency in invoice processing and vendor payments.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.