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Oracle Enterprise Performance Management Cloud vs Workiva Wdesk comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

Oracle Enterprise Performan...
Ranking in Financial Close Software
7th
Average Rating
9.0
Reviews Sentiment
6.4
Number of Reviews
2
Ranking in other categories
Financial Performance and Strategy Management (4th), Tax Management Software (4th)
Workiva Wdesk
Ranking in Financial Close Software
2nd
Average Rating
7.0
Reviews Sentiment
7.0
Number of Reviews
7
Ranking in other categories
Business Performance Management (11th), GRC (5th)
 

Mindshare comparison

As of December 2024, in the Financial Close Software category, the mindshare of Oracle Enterprise Performance Management Cloud is 4.8%, up from 4.8% compared to the previous year. The mindshare of Workiva Wdesk is 6.0%, up from 3.1% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Financial Close Software
 

Featured Reviews

Sandeep-Banavali - PeerSpot reviewer
Provides all essential features needed in an integrated Enterprise Performance Management framework
The solution's initial setup/configuration is straightforward. As far as cloud setup is concerned, no installation is involved. In that case, the solution is maintained and hosted by Oracle. The time frame for deployment depends on the use cases. It is rapidly deployable for out-of-the-box features and customizable for any further changes/enhancements needed. It takes anywhere between six to ten weeks to deploy for standard requirements.
Phillip Gough - PeerSpot reviewer
The solution is easy to deploy and enables collaboration, but it must improve its speed and enable users to create pivot tables
I rate the ease of setup an eight out of ten. The initial setup was straightforward. The solution is cloud-based. We deployed the product along with Wdata in six months. It was for a lot of use cases. To deploy the tool, we designed the use cases and developed them. Then, we went through unit tests, integration tests, and user acceptance tests. It was an Agile delivery cycle.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"The initial setup is pretty straightforward."
"The solution offers well-integrated and dynamic platforms for all disciplines of enterprise performance management."
"Workiva Wdesk has a flow diagram that is standardized, making it easy for people to file documents on ECDAs, which are in HTML format."
"The most valuable feature is its ability to easily upload and update financial results, creating a dynamic data sheet."
"The collaboration within the platform is valuable."
"Workiva Wdesk is pretty good in terms of getting the data from the system, automating the reporting schedules...It has a very good integration with ERP tools."
"It makes the compliance process more efficient and more effective."
"The cross-functionality between connectivity, whether through API connections between different software platforms or the connection of data collection to the actual written ESG report, is highly valuable. The connectivity of all these aspects significantly aids in data assurance, which I consider a bonus."
"It helps you to maintain a backup of your data, including the connectivity with the tables, which provides a user-friendly way to handle and access your files."
 

Cons

"Integration of AI, IoT, and RPA-based automation and prediction features with the solution will be a great plus. Oracle is continuously investing efforts in this direction and new features are being released on a continuous basis."
"On the cloud, additional security is required."
"With this product, it's more about the integrated data model where you can have a one-to-many/many-to-one relationship between your policies and processes, risks, and controls. They need to showcase how you can put those pieces together."
"Regarding the solution, reporting has certain areas that can be considered for improvement."
"The speed must be improved."
"At this point, I don't see a compelling reason to invest in Workiva. It may be necessary for compliance and controlling the version of SCC, but not everyone needs its high-end capabilities."
"One area where Workiva Wdesk could improve is by ensuring that its cloud-based system is fully compatible with the most current versions of PowerPoint and Excel."
"The tool's script encoding needs to be updated to make it more user-friendly and less of a manual process when changes are made to a company's program. Those changes happen frequently due to mandatory or voluntary reporting requirements, leading to lost linkage connections that must be manually reset each time a change is made. This aspect is not functional now, and I see it as an opportunity for improvement."
"The most critical issue is the need to shift between uppercase and lowercase."
 

Pricing and Cost Advice

"Its licensing covers support and maintenance infrastructure as well."
"Our clients in Asia think that the solution is too expensive."
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824,067 professionals have used our research since 2012.
 

Top Industries

By visitors reading reviews
Educational Organization
54%
Financial Services Firm
8%
Retailer
6%
Computer Software Company
6%
Financial Services Firm
18%
Educational Organization
16%
Computer Software Company
8%
Insurance Company
7%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

What do you like most about Oracle Enterprise Performance Management Cloud?
The solution offers well-integrated platforms for all disciplines of enterprise performance management.
What is your experience regarding pricing and costs for Oracle Enterprise Performance Management Cloud?
The solution's licensing covers everything, including a basic number of users, monthly releases and upgrades to the system, complete support hosting infrastructure, system maintenance, and high sys...
What needs improvement with Oracle Enterprise Performance Management Cloud?
Integration of more AI, IoT, and RPA-based automation and prediction features with the solution will be a great plus. Oracle is continuously investing efforts in this direction and new features are...
What do you like most about Workiva Wdesk?
The most valuable feature is its ability to easily upload and update financial results, creating a dynamic data sheet.
What is your experience regarding pricing and costs for Workiva Wdesk?
Wdesk is affordable and as far as I'm aware, there were no additional costs beyond the standard license increase. We didn't have to make any other changes; it primarily involved accessing the platf...
What needs improvement with Workiva Wdesk?
The tool's script encoding needs to be updated to make it more user-friendly and less of a manual process when changes are made to a company's program. Those changes happen frequently due to mandat...
 

Also Known As

Oracle EPM Cloud
Wdesk
 

Learn More

 

Overview

 

Sample Customers

Eindhoven University of Technology, HES-SO University of Applied Sciences and Arts Western Switzerland, NetCologne, Kolos Cement Limited
Noodles Company, eBay, Winnebago, American Assets Trust, AmericanEnterprise, Calpian, Capstone Infrastructure, Cascades, Circor International, Coeur Mining, Davey, Dr Pepper Snapple
Find out what your peers are saying about Oracle Enterprise Performance Management Cloud vs. Workiva Wdesk and other solutions. Updated: December 2024.
824,067 professionals have used our research since 2012.