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Oracle Modern Best Practice for Insurance—Finance

Daily Close to Forecast
Close Your Books Faster

Daily Close to Financial Forecast

Quickly catch and resolve statutory noncompliance and other issues and variances before the period close by using cloud, mobile, social, and analytics. 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
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Post Subledger Activity

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


Identify Anomalies
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Identify Anomalies

Set up automatic alerts and notifications of anomalous transactions with dashboards. Research and review using secure social networks.


Convert to Corporate Standard
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Convert to Corporate Standard

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


Review Daily Activity
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Review Daily Activity

Secure, real-time review, analysis, and interaction of the daily financial activities and progress via any mobile device.


Set Financial Forecasts
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Set Financial Forecasts

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

 

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