Financial Close Manager is one of the modules in the Oracle Hyperion Financial Close Management suite. It is a web-based tool that centralizes the activities that make up an organization’s financial close cycle.

• Financial Close Manager (FCM) streamlines the process of managing close tasks.
• It allows direct access to the applications required to complete tasks through an interactive list or calendar.
• Workflow processing validates that tasks have been completed properly.
• The interface provides easy-to-use, filterable schedules, dashboards, and calendars.

These activities include transactional work in general ledgers or subledgers, consolidation activities such as HFM, and reporting.

Key Features of Financial Close Manager

• Task scheduling and management for prioritizing and monitoring close tasks.
• Prebuilt web dashboards with customized views for managing and tracking the financial close.
• Interactive calendars and task lists that launch applications such as HFM and FDM.
• Security based on the user’s task and access through calendar, task list, or Gantt chart views.
• Task automation that schedules activities without user interaction through integrations.
• Calendar roll-forward that maintains continuity with prior reporting periods.
• Integration with Microsoft Outlook.

Process Setup Components

• Configure security, periods, years, custom attributes, and alert types.
• Configure integrations and links to external applications.
• Define tasks and task types for the close process.
• Define dashboard views.
• Create, update, and validate templates with repeatable close tasks.
• Create or update a schedule from a template, assign calendar dates, and change the schedule status from Pending to Open.
• Begin the close process and monitor progress through the available views.
• When a task is submitted, notify the approver. After approval, close the task automatically and begin the next task.
• When an alert is required, notify the proper assignee for resolution.
• Generate a report binder containing completed-task descriptions and audit information.

User Process Scenario via Email

The user receives an email notification for an outstanding task.

• From the email, the user selects the link to the page where the required process is documented.
• The user reviews the instructions and selects the Go to Task link to launch Financial Data Management.
• The user extracts data through Financial Data Management and loads it to Financial Management.
• When the task is complete, the user returns to the Task Actions page in Financial Close Management.
• The user enters a comment, answers required questions, and submits the task for approval.

User Process Scenario via FCM

The user receives an email notification for an outstanding task and then works within the FCM interface.

• The user signs in to Financial Close Management and reviews the tasks displayed in the My Worklist dashboard portlet.
• The user selects the link for an assigned task.
• The Task Actions page opens with instructions and any attached reference document.
• The user reviews the instructions, processes the updates, enters a comment, and submits the task for approval.
• The system updates the task status and sends a notification to the assigned approver.

Approver Process Overview

The assigned approver receives an email notification for an outstanding review.

• From the email, the reviewer selects the link for the submission that requires review.
• The Task Actions page opens and outlines the process.
• The reviewer checks the submitted document for completeness.
• The reviewer enters comments, reviews answers to questions, and approves the submission.
• If another approval level is required, the task moves to the next approver. After the final approval, the task completes and the next ready task begins.
• The reviewer can reject a task, which reassigns it to the original assignee.

Components of FCM

• Dashboard, calendar, Gantt, and task-list views.
• Security, years, and periods.
• Integration types and custom attributes.
• Alerts and alert types.
• Tasks and task types.
• Templates, schedules, and report binders.
• Smart View integration for Outlook.

A well-designed Financial Close Manager process connects ownership, due dates, dependencies, evidence, approvals, and exceptions in one governed workflow. Explore related MindStream resources for Oracle Hyperion, Oracle EPM, Oracle Account Reconciliation, and Oracle Hyperion application support. For product guidance, review the official Oracle Financial Close documentation.