Sign In Account
Oracle Account

Account

Help

Sign Out
Oracle Account

Manage your account and access personalized content. Sign up for an Oracle Account

Sign in to my Account

Sign in to Cloud

Access your cloud dashboard, manage orders, and more. Sign up for a free trial

Sign in to Cloud
Country/Region
Contact

Oracle Modern Best Practice for Banking—Finance

Reduce Your Close Time by 80%

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

Download the guidebook

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 Banking Book/Core Systems
Close Corporate Subledgers
Reconcile Accounts
Pro Forma Close Ledgers
Close Ledgers
Consolidate Subsidiaries
Review and Confirm Financial and Management Reports
Publish, Disclose, and Securely Share Financial Statements

Mobile. Analytics. Social.

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.

Mobile. Analytics. Social.

Close Corporate Subledgers

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

White paper: Oracle ERP Cloud: Period Close Procedures (PDF)

Mobile. Analytics. Social. Big Data.

Reconcile Accounts

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

Video: Accelerate the Close Process with Oracle Financials Cloud (2:23)

Mobile. Analytics.

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.

White paper: Oracle ERP Cloud: Period Close Procedures (PDF)

Mobile. Analytics.

Close Ledgers

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

Customer Video: Silicon Valley YMCA Cuts Month End Close from 15 to 3 Days (2:41)

Mobile. Analytics. Social.

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.

White paper: Financial Consolidation and Reporting Applications (PDF)

Review and Confirm Financial and Management Reports

Mobile. Analytics. Social.

Review and Confirm Financial and Management Reports

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

Video: Faster, More Robust Reporting at Pandora (1:55)

Publish, Disclose, and Securely Share Financial Statements

Mobile. Analytics. Social.

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.