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Optimize the financial close using comprehensive consolidation and close including complex consolidation support, close process orchestration, and supplemental data collection.
Preconfigured consolidation model makes it easy to meet global reporting requirements such as International Financial Reporting Standards (IFRS) and generally accepted accounting principles (GAAP), helping drive significant cost and time savings.
Complete end-to-end solution gives you visibility into the entire close, consolidation, data collection, and reporting activities.
Financial consolidation data with prebuilt cash flow, balance sheet, and income statement lets you report with confidence.
Built-in connectivity to core source systems such as ERP and others for consolidation and close needs.
We use Oracle Financial Consolidation and Close Cloud Service to consolidate financial statements of multi-equity structures and organizational structures of our overseas molecular companies. In addition to contributing to the management and analysis of our finances, Oracle provides accurate data for third-party audits.Jason Liu, IT Head, Chengdu Zhongde Tianxiang Investment Co., Ltd.
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.
Royal Bank of Scotland's Head of Future Finance Stuart Wray shares how Oracle ERP and EPM Cloud are ushering in a new era for finance at this 300-year-old institution.
In order to reduce IT effort and adapt quickly to changing business requirements, SRAM transitions from Oracle Hyperion Financial Management on premises to Oracle Financial Consolidation and Close Cloud.