Budget Wizard supports Financial Plans as well as Budgets.
Oracle’s approach for Financial Plans is from the top down. All the Plan settings must be setup first manually in Oracle before their ‘Edit in Excel’ spreadsheet can be used. Almost no defaulting is possible to alleviate this process.
Budget Wizard uses a bottom-up approach. A small amount of setup is needed in the Budget Header section to select the desired options. Budget Wizard then calls a number of Oracle APIs to perform the required setup in advance of the budget being loaded.
By using the bottom-up approach, Budget Wizard cuts down heavily on the setup effort required by the user.
Here is a feature comparison.
Oracle Spreadsheet
Budget Wizard
Settings
Manually required to add Plan Type to Project
Yes
No
Manually required to add currencies to Plan Type
Yes
No
(copied from project)
Manually required to select Tasks
Yes
No
Manually required to select Resources
Yes
No
Manually required to create Period Profile
Yes
No
Manually required to perform setup in Oracle Applications
