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Account Reconciliation
Streamline account reconciliation by comprehensively addressing risk, efficiently managing the global account reconciliation process, and using automation.
Explore Account Reconciliation
Product Features
Open all Close allReconciliation Compliance
- Keep track of preparer and approver assignments for each reconciliation. Use teams to distribute workflow and ensure efficient and timely preparation.
- Gain workflow support for the account reconciliation process, including monitoring, reporting, and analysis. Facilitate communication across distributed organizations and ensure capture of all audit documentation.
- Leverage prebuilt reconciliation formats or create your own, providing a flexible environment for creating and deploying reconciliation formats across the enterprise.
- Utilize rule-based thresholds for automated certification and risk assessments.
- Get instant visibility into the progress and status of the reconciliation lifecycle.
Tracking
Collaboration and Workflow
Comprehensive Reconciliation Formats
Compliance-Driven Framework
Signoffs and Approvals
Transaction Matching
- Maximize the number of matches created using tools that improve data quality.
- Define match rules that produce one-to-one, one-to-many, many-to-one, and many-to-many matches. Configure tolerance rules that allow match creation with acceptable thresholds.
- View suggested matches and decide whether to confirm or reject. Create manual matches subject to configurable constraints.
- Create adjustments for variances between data sources and track the resolution of the adjustments.
- Create period-end balancing reports that satisfy accounting compliance requirements.
Data Optimization and Normalization
Flexible Matching Rules with Configurable Tolerances
Interactive Matching
Management of Discrepancies
Balancing
Oracle Enterprise Performance Management (EPM) Cloud Data Integration
- Connect to source EPM business processes and ERP applications such as Oracle Financials Cloud.
- Leverage existing IT investments and quickly integrate data from multiple sources including spreadsheets and native databases.
- Achieve integrated financial decisions driven by multiple sources of financial impacts.
Application Integration
Integration with Oracle and Other Source Systems
Enterprise Awareness
Oracle EPM Cloud Collaboration and Workflow
- Gain workflow support for the account reconciliation process including monitoring, reporting, and analysis.
- Get instant visibility into the progress and status of the reconciliation lifecycle.
- Leverage audit controls for all activities.
Task-Driven Processing
Signoffs and Approvals
Compliance
Oracle EPM Cloud User Experience
- Reduce training costs and increase user productivity with a web user interface and reports.
- Manage, perform, and approve tasks in configurable management work areas.
- View operational and compliance dashboards for real-time analysis of reconciliation processes.
Role-Based, Intuitive User Interface
Role-Based Tasks and Work Areas
Interactive Dashboards
Account Reconciliation Successes
Customer Stories
Learn How Oracle EPM Cloud Helps Montefiore Save Lives
Montefiore
Due to exponential growth, Montefiore chose Oracle EPM Cloud with consolidation, close, account reconciliation, and narrative reporting, enabling senior leaders and clinical departments to make informed decisions that help change patient lives.
Game Changer for CoStar CFO—Oracle ERP and EPM Cloud
CoStar
No more spreadsheets or emails—CoStar gets monthly close data with the simple click of a button using Oracle's ERP, enterprise planning and budgeting, analytics, enterprise performance reporting, account reconciliation, and tax reporting cloud solutions.
The Hackett Group Finds the Subscription Process for Oracle Cloud Simple and Clear
The Hackett Group's reputation as a business strategy consultancy is built on our ability to leverage and implement empirically proven best practices. Cloud-based solutions increasingly factor into best practice delivery. We recently purchased Oracle Account Reconciliation Cloud to ensure that our consultants are proficient on the solution and prepared to support our clients on their implementations.Anthony Manfredi, Principal Chief Technical Architect, The Hackett Group
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Pricing
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Oracle Enterprise Performance Management Standard Cloud
user/month1
- Account reconciliation
- Financial consolidation and close
- Narrative reporting
- Planning
Oracle Enterprise Performance Management Enterprise Cloud
user/month2
- Account reconciliation
- Enterprise data management3
- Financial consolidation and close
- Narrative reporting
- Planning
- Profitability and cost management
- Tax reporting
Oracle Enterprise Performance Management Enterprise Cloud—Hosted Employee
employee/month4
- Account reconciliation
- Enterprise data management
- Financial consolidation and close
- Narrative reporting
- Planning
- Profitability and cost management
- Tax reporting
- Requires a minimum of 10 users. One application (for example, business process) is activated for use. Activation of each additional application involves a monthly fee of $2,500.00 USD.
- Requires a minimum of 25 users. Includes access to advanced customizations and features.
- Restricted to 5,000 hosted records.
- Requires a minimum of 5,000 employees. Includes access to advanced customizations and features.