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Oracle Modern Best Practice for Insurance—Finance
Bank Transaction to Cash Position
Ensure an error-free account reconciliation and an efficient close by using mobile, social, and analytics. Import statements electronically to monitor payroll, collections, investments, borrowing, and disbursements (such as claims and dividends). Take advantage of the cloud to securely socialize bank transactions, reconcile statements to bank transactions, and reconcile balances.
Mobile. Analytics. Social.Review Activities
Review an automated aggregation of payroll, collections, investments, borrowing, and disbursements (such as claims and dividends). View highlighted differences and variances to plan via a secure role-based dashboard.
Mobile. Analytics. Social.Bank Validation
Daily interaction with banks featuring an automatic comparison of records and adjustment of fees and minor differences. Align daily balances.
Mobile. Analytics. Social.Initiate Interbank Activities
Execute global cash management. Optimize balances across accounts using zero-balance schemes. Real-time review of bank positions.
Mobile. Analytics. Social.Manage End of Period Positions
Automated month-end statement reconciliation. Balance sheet optimization with automatic updates to forecasts and plans.