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Oracle Modern Best Practice for Higher Education—Finance

Daily Close to Forecast
Close Your Books Faster

Higher Education—Daily Close to Financial Forecast

The mobile, social, analytic, and cloud capabilities built into modern best practice for the daily close process enable you to catch issues and variances early and resolve them quickly before the formal period close. Review daily activities and forecasts to anticipate and remove issues and potential delays. Collaborate, review, and analyze the day’s activities via social networks and mobile devices. Ensure data quality, improve accuracy, and significantly reduce workload.


Post Subledger Activity
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

Post Subledger Activity

Automatically post all approved subledger activity to the general ledger to ensure current account balances.


Identify Anomalies
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

Identify Anomalies

Automatic notification of irregular transactions. Review and research using secure social networks.


Convert to Institution Standard
Social. icon Mobile. Analytics. Social.

Convert to Institution Standard

Automatically revalue, translate, and convert subsidiary balances to institution currency and chart of accounts.


Review Daily Activity
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

Review Daily Activity

Use any mobile device to securely review, analyze, and collaborate on daily financial activity and progress.


Set Financial Forecasts
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Set Financial Forecasts

Securely share forecasts and financial plans and make modifications based on posted daily activity.


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