Planning and Budgeting Cloud Service
Oracle Planning and Budgeting Cloud Service (PBCS) is a planning application framework. It is a centralized, Microsoft Office and Web-based planning, budgeting and forecasting solution that integrates financial and operational planning processes. Specifically, this planning framework can reduce planning cycle times, improve plan accuracy, provide a universal interface and methodology for inputs and reporting, track plans, and eliminate the time lag between plan updates and report refreshes.
For VCU, some of the benefits include:
- A single set of standardized input templates for authoring the budget
- A single, up-to-date repository that contains all of the data (actual, encumbrance, budget permanent, budget current, and forecast), providing one version of the truth
- A much more efficient process in gathering data, consolidating information across the university, and reporting on it (database consolidates as data is entered)
- A self-serve model, allowing users the ability to execute ad-hoc analysis queries against all the data when needed
- Having access to all data, as a guidance tool, when authoring budgets
- Ability for the budget office to track and see the progress of various pieces of the organization, while budgeting (once the system is open to a wider user base)
Note: Single Sign-on has been activated in PBCS. Going forward, you log in using your VCU e-id and password.
Links
Use the links below to access the Planning and Budgeting Cloud Service