Oracle Modern Best Practice for Banking—Finance

Reduce Your Close Time by 80%
Reduce Your Close Time by 80%

Learn how customers have achieved significant reductions in close times with Oracle's cloud-based financial applications.

Period Close to Financial Reports

Mobile, social, analytics, and big data now give you the ability to seamlessly integrate and reconcile diverse banking sources, so you can close financial statements and disclose regulatory reporting in days, instead of weeks. Post top-line accounting adjustments, allocations, statistical journals, and taxes. Securely distribute financial statements and managerial and regulatory reports to all internal and external parties.


Close Subledger
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Close Banking Book/Core Systems

Event-level feeds generate contract-level accounting events to multiledgers, balances, and provisions. Create a single source of reconciled financial, risk, and treasury data.


Close Corporate Subledgers
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Close Corporate Subledgers

Monitor corporate subledger close status. Interact on and finalize outstanding transactions and exceptions. Certify financial compliance, controls, and governance.


Reconcile Accounts
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Reconcile Accounts

Reconcile banking and corporate subledgers to the general ledger. Automatically match transactions to entries.


Pro Forma Close Ledgers
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Pro Forma Close Ledgers

Prepare and review preliminary financial statements. Calculate daily average balances. Post top-line accounting adjustments, allocations, statistical journals, and taxes. Prioritize outstanding transactions based on initial results.


Close Ledgers
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Close Ledgers

Route close tasks to task owners automatically. Collaborate to streamline the close for each entity. Monitor enterprise-wide close status.


Consolidate Subsidiaries
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Consolidate Subsidiaries

Transform each subsidiary’s results to the corporate chart of accounts. Revalue nonmonetary balances and translate to the corporate currency. Eliminate intercompany activity and minority interest.


Review and Confirm Financial and Management Reports
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Review and Confirm Financial and Management Reports

Review consolidated results using the same reports as each subsidiary, where applicable. Enter final adjustments.


Publish, Disclose, and Securely Share Financial Statements
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Publish, Disclose, and Securely Share Financial Statements

Securely distribute financial statements and managerial and regulatory reports to all internal and external parties. Leverage collaboration to incorporate feedback.