Planning and Budgeting is a process for detailing and determining the long-term and short-term goals of an organization. Planning outlines the financial directions and expectation of the company for the next three to five years. On the other hand, budgeting documents how the overall plan will be excuted month to month by specifying the expenditures. This process is basically controlled by finance department under the guidance of Chief Financial Officer (CFO) Planning and Budgeting Cloud Service of Oracle has facilitated over numerous organizations of different sizes to quickly acquire amazing planning and budgeting applications with no CAPEX- Capital Expenditure infrastructure investments. This has helped in gaining higher market-leading functionality beyond business lines in the enterprise world. Flexible and customizable deployment preferences with no learning curve show the efficiency of Planning and Budgeting service.
Planning and budgeting in most companies likely to collaborate commonly using spreadsheets being exchanged within and between operations, finance teams, and lines of business. Planning and Budgeting Cloud Service simplifies enterprise level as well as departmental level planning process.It provides Excel-based and web-based Excel such as planning, modeling and aproval capabilities within single collaborative extensible solution.