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Oracle Financial Consolidation and Close Cloud Service

Process management for consolidation and close tasks.
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For many organizations 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. Oracle Financial Consolidation and Close Cloud Service provides an end to end solution for both effectively and efficiently managing the consolidation and close process. No matter what the size of company, organizations can have 100% confidence in their financial consolidation, close and reporting processes. Oracle Financial Consolidation and Close Cloud Service ensures that processes are: dependable and correct, timely and transparent, streamlined and efficient and, compliant and auditable.

Key Business Benefits

  • Best practices out-of-the-box to get up and running quickly
  • A configurable and upgradable consolidation and close framework to tailor the solution to specific requirements
  • Easy to use
  • Easy to maintain
  • An end to end consolidation and close solution
  • Powerful analytics, dashboards, reports, and analysis for unparalleled insight
  • No infrastructure investments required

Key Features

  • Application Creation Wizard – Reduces the time needed to configure and implement the solution
  • Upgradeable Framework – Configure and extend the solution as required
  • Simple Upgrades - Configurations are fully upgradeable
  • Intercompany Eliminations – Automatic default intercompany eliminations
  • Currency Translation – Default currency translation along with automatic foreign exchange and currency translation adjustment
  • Journals- Robust journals module including supported workflow
  • Automated Cash Flow Reporting – Using movement hierarchies and bolt-in calculations with no need for additional calculations
  • Close Process Management – Built in task orchestration and close management analysis
  • Supplemental Details – Supporting schedules for collection of detailed information helping support statement balances
  • Hybrid cloud deployments - Support with deep integration to both cloud and on-premises systems

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