Oracle Financial Close and Reporting Solutions

Many of the world's largest organizations, including 85% of the Fortune 500 rely on Oracle's Enterprise Performance Management solutions to meet their complex and ever changing reporting requirements while also lowering the cost of compliance and delivering an unprecedented level of financial data quality. This allows these organizations to report to stakeholders in a timely and accurate manner and provides a level of governance, visibility, and transparency into the financial close and reporting cycle that enables management to be confident in the numbers they report to stakeholders.

BENEFITS

  • Close faster with a market-leading, global financial consolidation solution in a scalable, web-based application
  • Manage and improve the extended close process from sub-ledgers to regulatory filing with innovative close and disclosure management applications
  • Ensure accuracy of source data with a financial data quality module that can be operated by business users
  • Integrate quickly and better align with ERP systems (Oracle, PeopleSoft and SAP) with pre-built data and meta data integration and drill-through to transaction details
  • Reduce cost of ownership as part of a complete Enterprise Performance Management system with single point of maintenance for metadata and business rules

ORACLE FINANCIAL CLOSE AND REPORTING SOLUTIONS

  • Oracle Hyperion Financial Management is a financial consolidation and reporting application that supports global accounting and statutory reporting requirements including intercompany eliminations, multicurrency translations, and minority interest calculations. Standards supported include U.S. GAAP, IFRS, and local statutory requirements. Oracle Hyperion Financial Management adds value to single or multi-instance ERP environments, consolidating and reporting financial as well as non-financial information needed for sustainability reporting and other requirements. It includes an end-user oriented, production reporting tool
  • Oracle Hyperion Financial Close Management is a centralized, web-based application for the management of period-end close activities across the extended financial close cycle. It helps manage and improve any task associated with the extended financial close.
  • Oracle Hyperion Disclosure Management is an applications designed to "demystify" the creation of XBRL documents. Featuring deep integration with existing Oracle financial reporting tools it is the easiest and most straight forward approach to XBRL reporting for Oracle’s enterprise performance management system customers.
  • Oracle Hyperion Financial Data Quality Management is a packaged solution integrating data from source systems that can be managed and operated by finance users and helps develop standardized financial data management processes with a guided workflow user interface. Both financial and non-financial information can be collected and consolidated so Sustainability Reporting can be undertaken along side Financial Reporting with the same degree of accuracy and auditability.
  • Oracle Financial Management Analytics provides unified insight through a wide range of pre-packaged dashboards and analytics into the current position of the financial close process as well as the financial results.
  • Oracle Hyperion Smart View for Office provides seamless integration with Microsoft Excel, Word and PowerPoint for those wishing to use the familiar Microsoft Office interface for reporting and analysis.

Oracle's financial close and reporting solutions utilize today's most advanced technology, yet are built to be owned and maintained by the enterprise's finance team.


KEY OFFERINGS FOR FINANCIAL CLOSE AND REPORTING

ONLY ORACLE OFFERS SIGNIFICANT BENEFITS

Business Drivers Oracle Enables You to
Faster Close Integrate and streamline the extended financial close process.
Regulation Meet all current and future regulatory requirements globally, including IFRS and XBRL-based reporting.
Stakeholder Trust Accurately report financial and non-financial information in many different formats and technologies to meet stakeholder requirement.
Reduce Risk Align internal control assessments with financial statements and provide full audit trails for processes and actions throughout the extended close process.

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