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Oracle Financial Management Services

Oracle Financial Management Solutions

IN FOCUS - The Concept of Corporate Risk

"Failure to properly identify and manage strategic risk is the most significant destroyer of economic value. Understanding and managing strategic risk in your business has to be the number one priority."
Ken Lever, formerly the finance director of FTSE-250 engineering group Tomkins plc

While corporate risk is one of the most critical issues in business today, it isn't always very well understood. Oracle, in association with the Financial Director, is holding a webinar to discuss the issues surrounding corporate risk and has invited a top line-up of panellists to shed light on this topic, including:

  • Sir Paul Judge, chair, RSA Risk Commission
  • Ken Lever, formerly FD of Tomkins plc
  • Richard Raeburn, chief executive, Association of Corporate Treasurers
  • Ian Smith, regional senior vice president, Oracle UK, Ireland and Israel

This webinar is now available on demand, view today by clicking here.

SOLUTION OVERVIEW

Oracle Financials provides your business with a best-in-class solution for achieving visibility, control and increased efficiency in your financial systems.

Visibility:

Deliver better business performance. Every decision you make in your organisation is based on careful analysis of the information you have on hand. Yet, often that information is out of date or unreliable.

Oracle Financials offers one source of real-time financial and management data, through easy-to-use reporting tools, business intelligence and drill-down analysis, to meet the need for reliable information at every level of the organisation.

Control:

Current financial issues

Ensure sustainable compliance; with requirements that are continually evolving and costs that are escalating, compliance has become a key business focus. Ensure sustainable compliance by building reliable, repeatable compliance processes that trade time spent on fiduciary duties for time spent creating value for the organisation, and at the same time enable your organisation to achieve visibility into overall business performance, apply world-class risk management practices, and reduce costs by eliminating redundancy and complexity.

Oracle offers mature, market-leading solutions for governance and compliance that are based on Oracle's unique information architecture. Only Oracle offers a proven end-to-end process for evaluating and monitoring controls, risks, processes and financial accounts, enabling better control and improved fiscal and corporate discipline.

Efficiency:

Improve business processes at the lowest cost; continuous cost-saving and productivity improvements are justification for most system investments, but unlike other systems that require complex and costly implementations, Oracle offers pre-defined best practices on top of a single unified information architecture, that rapidly increases return on investment.

Oracle offers the greatest depth of functionality in the financial value chain (applications that manage financial results - including those "inside" and "outside" of the finance department) and in addition to comprehensive depth in core financial areas - such as payables, receivables, general ledger, consolidation, reporting and asset management - other areas where Oracle leads include: Corporate Governance, Corporate Performance Management, Project Management, Sales & Service Contracts, Procurement, Property Management, Cash Management, Credit & Collections.

 

Key Benefits

  • Enhance visibility into financial information
  • Reduce finance and acccounting costs
  • Ensure control over financial processes
  • Streamline budget and planning processes
  • Improve operational efficiency
  • Reduce time to close

Key Features

  • Financial Control and Reporting Asset management
  • Automated Credit to Cash processes
  • Lease Management
  • Automated Procure to Pay processes
  • Real Estate Management
  • Cash and Treasury Management
  • Enterprise Project Management
  • Travel and Expense Management

SOLUTION COMPONENTS


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