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Oracle Modern Best Practice for Finance
For the 4th consecutive year, Oracle is named a Leader in Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises.
Find out how finance leaders can power the next wave of productivity and growth using cloud services—and the emerging technologies and best practices they deliver—to add $2 trillion to US GDP over the next decade.
"We completed the Oracle Cloud ERP implementation within a period of four months and this was made possible because of our ability to tap into the best practices that are embedded as part of the platform."
Improve Financial Processes
An agile Finance department enables you to automate routine transactions, comply with new revenue recognition guidelines, and deliver right-time insight to decision makers. Here are samples of Oracle's key modern best practice processes for financials. To see more details, click on each section below. You may also be interested in Five Modern Best Practices for Connected Finance and HR.
- Asset Acquisition to Retirement
- Bank Transaction to Cash Position
- Customer Invoice to Receipt
- Customer Statement to Collection
- Expense Report to Reimbursement
- Supplier Invoice to Payment
- Budget to Approval
- Period Close to Financial Reports
- Report to Forecast
- Daily Close to Forecast
- Period Close to Tax Provision
- Tax Provision to Statutory Filing
Caesars Entertainment, Stitch Fix, The Wonderful Company, and Oracle share the cutting-edge technologies and best practices for building the finance function of tomorrow. (1:28)
“ It’s all about growing on the same platform, providing real-time reporting on revenues and KPIs so our executives knows how we are doing day-to-day, game-to-game, throughout the season.” (1:48)
“It used to take two days to create a purchase order. Now it takes ten minutes.” (0:27)