What is Oracle Financial Consolidation and Close Cloud Service (FCCS)?
Oracle rolled out Financial Consolidation and Close Cloud Service (FCCS) and brought key parts of Hyperion Financial Management (HFM) and Financial Close to the Cloud.
Oracle FCCS provides an end-to-end solution for both effectively and efficiently managing your consolidation and close process.
This ensures that processes are: dependable and correct, timely and transparent, streamlined and efficient and, compliant and auditable.
Companies can leverage out-of-box financial consolidations with pre-built cash flow, balance sheet, and income statement accelerating close schedules and improving ease of use.
Key benefits to your organization include:
- Best practices out-of-the-box to get you up and running quickly
- A configurable and upgradable consolidation and close framework to tailor the solution to your specific requirements
- Easy to use and easy to maintain
- An end-to-end consolidation and close solution
- Powerful analytics, dashboards, reports and analysis for unparalleled insight
- No infrastructure investments required.
Other consolidation solutions are often either overly complex and require features and functionality that are not needed, or are too basic and require customization
and building of unused features. Oracle Financial Consolidation and Close Cloud Services allows configuration of the features and functionality you require without
having to work around features you don't required. The out-of-box content is a framework that can be tailored quickly to specific needs, yet remains upgradable to new
releases by Oracle. The framework has financial intelligence built in. By leveraging the new framework, you can get the benefit of an ever-growing library of prebuilt
dimensions, calculations, reports, dashboards and KPIs, that are designed to fit your consolidation and reporting processes. This maximizes the value of your investment
because Oracle continues to provide value throughout the life of the solution.
Today, it's imperative that companies have a consolidation and close solution that is more effective, efficient, and easy to manage. Oracle FCCS offers compelling reasons
for organizations to choose this solution for their close and consolidation processes.
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