This series of blogs/videos aims to explore the out of box flexibility and functionality that comes with the Oracle Planning Cloud Financials module. This first iteration will look into revenue planning enablement, and some of the features that come along with it.
Navigating to Financials Configure Screen From a Newly Created Oracle Planning Cloud Application:
Once a new Oracle Planning Cloud application is created, the following steps are necessary to navigate to the financials enablement/configure screen.
- Click the ‘Application’ Icon on the application home page, followed by the ‘Configure’ icon.
- Click the dropdown arrow next to ‘Configure: Strategic Modeling’ and select ‘Financials’. Then click the ‘Enable Features’ button to bring up the Configure wizard for the Financials module (See below).
Revenue Planning Enablement by Product:
Out of the box, Oracle’s pre-built financials module allows you to decide specifically what you want to include within your application. In this blog, we will dive deeper into what is provided from both a predefined account and driver standpoint when we enable revenue planning by product.
The account dimension is primarily structured around the selections that are made within the enable features window. OFS_Financials Accounts is the main rollup where the majority of the enablement selections are housed. As is evident below, this sample application has both revenue and expense planning enabled, and therefore we see that reflected beneath the OFS_Financials Accounts rollup. (Roll-up members for income statement, balance sheet and cash flow planning would exist here too if those features had of been enabled)
From a product revenue planning standpoint, the members that are provided can be summarized into 5 main categories:
1. Predefined Revenue Drivers
2. Predefined Cost of Sales Drivers
3. Predefined Revenue Accounts
4. Predefined Cost of Sales Accounts
5. Revenue KPI’s
These pre-populated members are all directly related to one another as it relates to the trend and driver-based planning functionality that the financials module provides. In the next blog & video, we will explore just how these relate, in addition to some of the dashboarding that Oracle offers out of the box with the Financials module.
