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.
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Oracle Spreadsheet
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Budget Wizard
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Settings
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Manually required to add Plan Type to Project
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Yes
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No
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Manually required to add currencies to Plan Type
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Yes
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No
(copied from project)
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Manually required to select Tasks
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Yes
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No
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Manually required to select Resources
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Yes
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No
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Manually required to create Period Profile
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Yes
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No
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Manually required to perform setup in Oracle Applications
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Yes
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No
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Functionality
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Multiple Budgets per worksheet supported
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No
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Yes
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Sheets in separate workbooks supported
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No
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Yes
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Budget Types and Plan Types both supported
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No
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Yes
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Multiple Budget formats supported on one sheet
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No
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Yes
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Duplicate entries supported
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No
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Yes
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Flexible column layout
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No
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Yes
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Customizable LOVs to limit upload functionality
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No
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Yes
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Automatic Funding adjustment feature
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No
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Yes
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Powerful download capability including Actuals
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No
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Yes
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