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Oracle Hyperion Financial Close Management is built for centralized, web-based management of period-end close activities across the extended financial close cycle. The first application of its kind, it helps manage all financial close cycle tasks, including ledger and subledger close, data loading and mapping, financial consolidation, account reconciliation, tax/treasury and internal and external reporting processes.
The Account Reconciliation dashboard provides a real-time view of the status of this important aspect of the close process, providing insight into completion metrics, aged open items, unexplained differences, or any other risk characteristic companies wish to monitor.
The Close Manager dashboard provides a real-time view of the entire close process, identifying tasks still outstanding as well as issues affecting timely completion.
All the tasks in the close process can be viewed as a Gantt chart.
Tasks can include instructions, questions, comments, attachments and configurable workflow. Tasks can take the form of manual tasks (requiring assignee sign-off), or automated tasks that perform actions or monitor events in other systems.
Account Reconciliation provides detailed work lists that drive performance of account reconciliations.
Flexible reconciliation formats minimize the training burden and ensures each reconciliation qualifies as a proper reconciliation.