Oracle Modern Best Practice—Daily Close
Daily Close to Financial Forecast
The mobile, social, analytic, and cloud capabilities built into modern best practice for the daily close process enables you to catch issues and variances early and resolve them quickly before the formal period close. 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.
Mobile. Analytics. Social.Post Subledger Activity
Automatically post all approved subledger activity to the general ledger to ensure current account balances.
Mobile. Analytics. Social.Identify Anomalies
Automatic notification of irregular transactions. Review and research using secure social networks.
Mobile. Analytics. Social.Convert to Corporate Standard
Automatically revalue, translate, and convert subsidiary balances to corporate currency and chart of accounts.
Mobile. Analytics. Social.Review Daily Activity
Use any mobile device to securely review, analyze, and collaborate on daily financial activity and progress.
Mobile. Analytics. Social.Set Financial Forecasts
Securely share forecasts and financial plans and make modifications based on posted daily activities.