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Oracle Project Financial Management Cloud

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Last updated on

Company health

Employee growth
5% increase in the last year
Web traffic
7% decrease in the last quarter

Ratings

G2
4.3/5
(25)
Glassdoor
3.8/5
(55086)

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.

Pros of Oracle Project Financial Management Cloud
  • 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.
Cons of Oracle Project Financial Management Cloud
  • 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

  • Logo of Oracle Project Management Cloud
    Oracle Project Management Cloud
    Plan, track, and deliver projects on time and within budget.
    Read more
  • Logo of Oracle EBS Projects
    Oracle EBS Projects
    Plan, track, and deliver projects on time and within budget.
    Read more
  • Logo of Oracle Fusion Cloud - EPM
    Oracle Fusion Cloud - EPM
    Cloud financial planning, budgeting, and reporting for smarter decisions.
    Read more
  • Logo of Rodeo Drive
    Rodeo Drive
    Manage project finances, track time, and boost profitability.
    Read more
  • Logo of Oracle Cloud Enterprise Performance Management (EPM)
    Oracle Cloud Enterprise Performance Management (EPM)
    Cloud-based financial planning, analysis, and reporting for better business decisions.
    Read more
  • Logo of Oracle Cloud Enterprise Resource Planning (ERP)
    Oracle Cloud Enterprise Resource Planning (ERP)
    Connects business processes, automates tasks, sharpens insights, and scales with you.
    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

MK
Michal Kaczor
CEO at Gralio

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.

TT
Tymon Terlikiewicz
CTO at Gralio

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.