Oracle Modern Best Practice for Retail—Daily Close to Financial Forecast

Ensure Retailer Performance with Real-Time Reporting
Ensure Retailer Performance with Real-Time Reporting

Daily Close to Financial Forecast

Many retail finance leaders don’t have an accurate understanding of their current balance status due to a lack real-time and connected data. With Oracle Modern Best Practice, you can use mobile, social, analytics, and cloud to forecast with confidence. Analyze daily activities by store or region to quickly determine—and act on—market and product trends. Provide stakeholders such as merchants and planners with a broader, more accurate view of the business. Easily discover ’return to vendor’ or ’customer return claims’ insights and transaction anomalies from dashboard-driven alerts. Prevent expensive mistakes before the period close by pinpointing budget variances early and resolving them quickly. Collaborate, review, and analyze daily activities and forecasts via social networks and mobile devices. Identify potential savings and anticipate any issues.


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

Dashboard-driven, automatic alerts of irregular transactions such as return-to-vendor, customer return claim, and anomalous transaction. Use secure social networks to further research and review.


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 of daily financial results. Use any device to analyze by store, region, business channel, or multiple brands.


Set Financial Forecasts
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Set Financial Forecasts

Modify and securely share cross-channel forecasts and financial plans based on posted daily activity.


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