Oracle EPM Planning Certification 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

What is the function of the "Approval Workflow" in Oracle EPM Planning?

To disregard user submissions for budget reviews

To manage and control the approval process of submitted budgets and forecasts

The "Approval Workflow" in Oracle EPM Planning is designed to manage and control the approval process of submitted budgets and forecasts. This functionality is critical for organizations as it ensures that all financial submissions are reviewed and approved by the appropriate stakeholders before they are finalized.

By utilizing the approval workflow, organizations can track the status of submissions, enforce rules about who can approve what, and provide a structured process for feedback and adjustments. This helps maintain accuracy in financial reporting and ensures compliance with internal policies and external regulations.

The ability to control the approval process enhances accountability and collaboration among users within the Oracle EPM Planning system, allowing for a more organized approach to financial planning and decision-making.

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To automate all financial processes without user input

To create predefined budgets without user interaction

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