Oracle’s Financial Consolidation and Close Cloud is an end-end financial planning solution that manages the consolidation and close process both efficiently and effectively. Not only does the simplicity of the Cloud to drive enormous business value, but also ensures that the processes are reliable, transparent, streamlined, compliant, and auditable.
This solution can be configured to best fit organizational requirements that do not need extraneous functionality whilst conforming to best practices. What with the current market being inundated with consolidation solutions that are either complex and feature-rich that require substantial customization, Oracle Financial Consolidation and Close Cloud Services allows complete configuration of only the required features and functionality within the framework by eliminating redundant upgrades. Our framework largely helps enterprises leverage the benefit of a constantly developing library of prebuilt dimensions, calculations, reports, dashboards, and KPIs, that are designed to fit their consolidation and reporting best practices. Built with deep financial knowledge, this solution offers the flexibility of the Cloud and the solid performance of built-in financial knowledge for expediting financial consolidation and close with accurate predictive analyses.
The EPM Financial Consolidation Planning and Close Cloud is a suite of solutions that elevate your financial practices with rich features that comprise Close and Consolidation, Process and workflow, Integration, and User Experience.
Close and Consolidation essentially comprises Complete Close that helps monitor and manages the complete end-end financial cycle till close. Quick Start expedites deployment with ‘out-of-the-box’ features such as dynamic calculations and custom options that work across cash flows, balance sheets, income statements, rollovers, and call-to-action. Key Performance Indicators help automatically track key metrics across the enterprise. Compliant uses a robust compliance framework that comprises auditing and segregation of duties, and transparent calculations. Global helps leverage multi-GAAP centric applications with complete currency support, intercompany eliminations, equity eliminations, adjustments, and detailed data tracking.
Process and workflow typically comprise Flexible Workflow and Process Management that supports collaboration at enterprise-level with dynamic, real-time approval orchestration. Approvals help ensure compliance for audit-related tasks such as Journal Adjustment with implemented segregation of duties. Automated helps utilize state-of-the-art scheduling capabilities for real lights-out processing. Secure typically helps deployment of a holistic, secure, cloud-based application with appropriate role and data access rights.
Integration comprises Application Integration that helps connect with a gamut of source ERP and EPM applications such as Financials, Planning and Budgeting, and Enterprise Performance Reporting. Easy Integration with Oracle and Other Source Systems uses the existing IT ecosystem to enable rapid integration of data from multiple sources including spreadsheets and native databases. Enterprise Awareness helps to arrive at integrated financial decisions that are largely driven by various sources of financial impacts. Office Integration enables secure integration with Microsoft Office for offline analysis and reporting. Narrative Reporting Enabled conveniently integrates with the Enterprise Performance Reporting Cloud for the narrative reporting process comprising monthly, quarterly, and annual performance reports.
User Experience typically comprises State-of-the-Art Dashboards that offer real-time actionable insight and access to data with intuitive process and financial dashboards. Role-Based Tasks and Work Areas help manage, perform, and approve tasks at the configurable management work level. Intuitive, Role-Based User Interface directly impacts user productivity with a cutting-edge web interface and reports. Flexible offers a convenient tablet-friendly user experience for easy, on-the-go data access. Dynamic is an intelligent function that records key user selections facilitating quick system navigation.
XDuce is a pioneer in delivering leading-edge integrated Financial Consolidation and Close Cloud solutions across various heterogeneous enterprises. Our end-end EPM Cloud implementation services cover the entire gamut of the quality, security, and consistency of financial reporting. We have an in-house robust compliance framework that includes auditing, segregation of duties, and transparent calculations plus direct integration with source systems that are managed by business users.
Our solutions provide users secure access to real-time financial data that completely eliminates the dependency on finance for generating reports and analyses. It enables organizations to report to stakeholders in a timely and accurate manner and provides a high level of governance, visibility, and transparency into the financial close and reporting cycle. We ensure increased transactional efficiency in the financial consolidation process by helping design and deploy bespoke EPM Cloud solutions that are the best fit for your business.
Reach us for key financial consolidation and close services that will empower your management reporting process to stakeholders.