Oracle Modern Best Practice for Finance
Enable your team of finance professionals to lead digital transformation of their core business processes with Oracle Cloud for Finance.
Learn how customers have achieved significant reductions in close times with Oracle's cloud-based financial applications.
"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."
Achieve radically superior results, drive digital transformation and grow confidently.
Improve Financial Processes
A more nimble close process enables you to deliver more right-time insights 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
“Previously we used to operate on up to 6 general ledgers, now it's just one. We managed to consolidate all our divisions into one platform and that’s a major success.” (3:37)
“It is cutting-edge, just like our research and so it’s going to bring us into the 21st century finally with our accounting products.” (2:44)
“The ERP Cloud system essentially takes away that second tier of accounting systems that companies would traditionally start with…The new product allows for smaller companies to get in earlier and, as a result, takes away a lot of the pain of having to do that second transition.” (2:05)
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