Financial consolidation and closing successes
Get up and running quickly with built-in best practice functionality, including dynamic calculations.
Reduce your need for customization because cash flow, balance sheet, income statement, transfers, calls to action and more are calculated automatically.
Shorten the time it takes to comply with global reporting requirements, including International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) with a preconfigured consolidation model.
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Service for multinational companies, with subsidiaries in different countries, that need to present consolidated financial information. We offer the management of financial information in an optimal way, supporting, in an integral way, the financial consolidation process of a group of companies, which allows unifying information from different sources, of real data as in budget scenarios, forecasts, statistics, simulations.
Profit
- Reduction of the margin of error of the processes and manual adjustments.
- Auditable process.
- Reduction of the consolidation cycle and presentation of consolidated financial statements.
- Management of exchange rate conversion.
Oracle Cloud EPM Consolidation and Financial Closure
Predefined Best Practices
Start fast
Get up and running quickly with built-in best practice functionality, including dynamic calculations.
Meet your needs without customization
Reduce your need for customization because cash flow, balance sheet, income statement, transfers, calls to action and more are calculated automatically.
Easily meet global reporting requirements
Shorten the time it takes to comply with global reporting requirements, including International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) with a preconfigured consolidation model.
Global consolidation and closure, advanced
Perform complex consolidations
Increase the accuracy and speed of the close process by reclassifying, adjusting, and deleting data for any hierarchy with pre-built consolidation support. Easily work with the most complex legal and administrative rollups that may have unique reporting and calculation requirements.
Manage KPIs
Manage closure by automatically tracking key metrics across the organization. You can use out-of-the-box calculations or easily create them for specific business requirements.
Automate intercompany removals
Reduce manual work by using cross-company standard automatic deletions. There are additional capabilities to customize if needed.
Foreign Currency Translation
Increase consolidation accuracy by using standard or customizable foreign currency translation.
Consolidate globally
Consolidate your global organization with GAAP-based applications that have full monetary support, intercompany eliminations, equity eliminations, adjustments, and detailed data source tracking.
Intelligent Process Automation (IPA)
Automate consolidations
Gain efficiencies with advanced technologies that automate consolidations in the background, eliminating manual effort.
Organize a connected closure
Streamline end-to-end closing with automated process monitoring, integration, and workflow capabilities. Centrally manage and publish journals directly to any general ledger.
Automate narratives in reports
Reduce time and add information to reports by generating narrative feedback.
Compliance and transparency
Enable audit compliance
Provide transparency and audit compliance for tasks such as journal adjustments with enforced segregation of duties, data changes, visible calculations, and user activity logging. Always see what changes have been made and who has made them.
Incorporate complementary data
Provide a complete picture of statement balances by collecting supporting details. Easy-to-create templates help with signatures, validations, and drill-down from the source to create footnotes, parse statements, and track detailed information.
Case of success
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