Oracle Financial Consolidation and Close Service
Being the newest addition to the Oracle EPM Cloud, Oracle FCCS stands for Oracle Financial Consolidation and Close Cloud Service. Oracle's Financial Consolidation
and Close is the solution to streamline accounting activities associated with end of month financial close. Oracle Financial Consolidation and
Close provides a low in cost Enterprise financial consolidation and reporting solution for all companies which reduces the cost of compliance.
Best Practices Pre-Built
Want to run faster? Get up and running using dynamic calculations with the quick start option. Also, reduce your customization needs due to cash flow,
rollovers, calls to action, income statement, balance sheets, and more are automatically calculated. Finally, decrease time to meet global reporting
requirements, including IFRS and GAAP with the preconfigured consolidation mode.
Global Advanced Consolidation and Close
- Perform complex consolidations- Increase precision and speed of the closing process by eliminating data ,reclassifying, and adjusting.
- Automate intercompany eliminations- Decrease manual work.
- Consolidate globally- Consolidate your global organization with GAAP.
- Manage KPIs- Use out-of-box calculations or create business-specific requirements.
- Translate currencies- By using standard or customizable currency translations, increase accuracy.
IPA Intelligent Process Automation
- Automate XBRL tagging- Decrease time and increase accuracy with natural language.
- Automate consolidations- Automate consolidations in the background, eliminating manual efforts.
- Orchestrate a connected close- Streamline the end-to-end close.
Compliance and Transparency
- Incorporate Supplemental Data- Provide the full landscape for statement balances.
- Enable Audit Compliance- See what changes have been made to the data and by whom.
Why Oracle FCCS
In today's world, it is important that companies have a consolidation and close solution that is more effective, efficient, and easier to manage. Oracle FCCS
offers many compelling reasons for organizations across the board to choose this solution for their financial close and consolidation processes.
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