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Oracle Financial Management Backgrounder

Oracle Financial Management helps financial officers create an information-driven enterprise that synchronizes data centrally from all systems—including third-party systems—so financial information is consistently collected, calculated, analyzed, and stored, ensuring data integrity while reducing costs. This approach improves visibility into business, financial, and compliance performance across the enterprise; strengthens control to enforce compliance with company and regulatory policy; and increases operational efficiency.

Having accurate, consolidated information improves the quality and timeliness of business and financial reporting, helping managers stay abreast of all facets of the business. With the right information delivered to the right place at the right time, CFOs can help guide the performance of the enterprise and act as an advisor or change agent within the company.

Oracle helps create a standardized financial platform that accelerates financial processes, enforces compliance, and frees up resources for business growth. Armed with integrated financial information, users can weigh needs against scarce resources and chart a path for sustained growth.

BENEFITS AND CAPABILITIES
Visibility—Improve the transparency of business, financial, and compliance performance
Centralize financial activities to streamline your operation
Eliminate data silos and improve data quality
Share real-time insight to sustain profitable growth
Establish closed-loop processes to monitor performance and improve planning
Control—Strengthen financial discipline and governance best practices
Enforce financial control to ensure good governance
Maximize control through automated processes and controls
Reduce compliance costs with automated compliance process
Efficiency—Improve business processes, sustain compliance, and reduce costs
Automate finance operations by deploying consistent, integrated applications
Link critical business functions along the financial value chain
Consolidate information to improve accuracy and efficiency
Improve effectiveness and enforce standards with shared service centers
Implement self-service business processes to further automate operations
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