Financial Consolidation and Close
For many organisations managing the financial consolidation and close process is a burden that takes time and resources that could better be used for analysis and decision-making.
Financial Consolidation and Close is a purpose-built business process available in the Oracle Fusion Cloud EPM for both effectively and efficiently managing the consolidation and close, end to end. No matter what the size of the company, organisations can have 100% confidence in their financial consolidation, close and reporting processes. Financial Consolidation and Close helps ensure that processes are:
- Dependable and correct
- Timely and transparent
- Streamlined and efficient
- Compliant and auditable
Consolidate based on your requirements
Financial Consolidation and Close can be configured to fit individual organisations’ requirements. Using best practises, coupled with pre-seeded content the system allows organisations to build an application that meets their business needs without having extraneous functionality that is not required. Configurable dashboards make it easy to quickly visualise data in real-time.
Other consolidation solutions are often either overly complex and require features and functionality that are not needed or are too basic and require customisation and building of unused features.
The framework has financial intelligence built right in. By leveraging the new framework, customers get the benefit of an ever-growing library of prebuilt dimensions, calculations, reports, dashboards and KPIs, that are designed to fit their consolidation and reporting processes.
End to end close process
Financial Consolidation and Close is an end-to-end close process that not only provides a solution to manage and monitor the entire close process, but also includes the following features and functionalities:
Consolidate based on your requirements
Financial Consolidation and Close can be configured to fit individual organisations’ requirements. Using best practises, coupled with pre-seeded content the system allows organisations to build an application that meets their business needs without having extraneous functionality that is not required. Configurable dashboards make it easy to quickly visualise data in real-time.
Other consolidation solutions are often either overly complex and require features and functionality that are not needed or are too basic and require customisation and building of unused features.
The framework has financial intelligence built right in. By leveraging the new framework, customers get the benefit of an ever-growing library of prebuilt dimensions, calculations, reports, dashboards and KPIs, that are designed to fit their consolidation and reporting processes.