Oracle EPM Biotech Company Customer Case Study | Circular Edge

Streamlining Planning and Budgeting with Oracle Planning & Budgeting Cloud Transformation at Top Biotechnology Company

Revamping Planning and Budgeting: Oracle Planning & Budgeting Cloud Enhances Efficiency and Accuracy for Top Biosciences Company


  1. Initial Implementation Shortcomings: Top Biosciences’ company adoption of Oracle Planning & Budgeting Cloud (EPBCS) in 2021 fell short of meeting their budgeting and forecasting needs, rendering the application unusable.
  2. User Efficiency and Performance: The old implementation lacked user efficiency and application performance, hindering the planning and forecasting processes.
  3. Driver-Based Planning: Biosciences sought to establish driver-based planning for workforce and financials, including Income Statement, Balance Sheet, and Cash Flow.
  4. Periodic Forecasting: The need for periodic forecasting capabilities to adapt to changing business conditions prompted the need for a more flexible planning approach.


  1. Collaborative Revamp: Top Biotech company partnered with the Circular Edge EPM team to revamp and update their planning and budgeting, addressing the shortcomings of the initial implementation.
  2. Driver-Based Planning Implementation: Circular Edge implemented driver-based planning for workforce and financials, providing a more accurate and informed planning process.
  3. Periodic Forecasting Implementation: The ability to perform periodic forecasting was introduced, allowing Sherlock Biosciences to react promptly to changing market dynamics.
  4. Performance Optimization: The application’s calculation performance was improved, delivering updated results faster and enhancing the overall user experience.


  1. Accelerated Planning Cycle: The annual planning cycle was significantly reduced, resulting in quicker decision-making and enhanced agility.
  2. Enhanced Variance Reporting: Robust variance reporting analysis was introduced, enabling detailed insights into Budget vs Actual comparisons.
  3. Efficient Multi-Year Budgeting: Biosciences gained the capability to create multi-year budgets and forecasts in mere minutes, increasing planning efficiency.
  4. Real-time Adjustments: The solution provided the ability to swiftly modify budget and forecast drivers, with recalculated results available in minutes.
  5. Improved Performance: Application dimensionality was optimized, resulting in faster calculations by utilizing business rules for data elements and improving overall system performance.
  6. Streamlined Reporting: Reporting maintenance was reduced through the redesign of report templates, leveraging dynamic reporting features.
  7. Simplified Data Entry: Departmental expense templates were developed, streamlining data entry and distribution of budget data internally.

Key Benefits Achieved

  1. Faster Planning and Publishing: The reimplementation led to a significant reduction in the time required to create and publish annual plans or forecasts.
  2. Enhanced Transparency: The introduction of driver-based techniques increased transparency in planning results, aiding in accurate decision-making.
  3. Detailed Variance Analysis: Improved variance reporting analysis provided deeper insights into budget performance and actual results.

In conclusion, Top Biotech Company successfully transformed its planning and budgeting processes by collaborating with Circular Edge and leveraging Oracle Planning & Budgeting Cloud. The reimplementation resulted in streamlined processes, enhanced transparency, and improved reporting capabilities, positioning Sherlock Biosciences for better financial planning and informed decision-making.

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