Reduce close times with Financial Consolidation and Close Cloud
Leverage a complete Financial Consolidation and Close platform to reduce time and risk, manage the whole process and collect all supplemental data.
Greater control of your financial close. Easily perform complex consolidations, create regulatory reports and store all supplementary data to be faster, more accurate and compliant.
As more demands get placed on the Finance function today, a modern financial consolidation and close platform will help you address reduce financial close cycles, collect, audit and store supplemental data and drive deeper understanding of your financial performance with rich reporting. Move away from trying to chase deadlines and become more of a business partner supporting key decisions.
Close and consolidate - block text
Reduce your close cycle by leveraging the out-of-the-box best practice consolidation processes. There is a limited need for customization as cash flow, balance sheet, income statement, rollovers, calls-to-action, and more are automatically calculated.
- Key Performance Indicators
Monitor key financial metrics across your organization using inbuilt metrics or extend as required.
A strong compliance framework including auditing, segregation of duty keeps you compliant.
Full support for intercompany, multi-currency, equity eliminations and multiple accounting standards.
Gain greater control across the whole close process by gaining visibility into the progress of tasks by user, region. Also, collect all supporting supplemental data to support your close process seamlessly, track and audit it.
- Supplemental Data
Collect and maintain supporting data for statement balances in easily managed templates for signoffs and analysis
Track and report the status of the complete close process by task, user, region and priority
- Rich Reporting
Easily comply with all current and new regulations such as IFRS 16 and IFRS 17
Process and workflow management
Promote enterprise-level collaboration with dynamic, data-driven, approval orchestration. Control workflows and processes across the full close and consolidation process and promote compliance, audit, and accountability
Ensure audit compliance with segregation of duties for certain tasks.
Lights out processing possible with powerful scheduling capabilities.
Detailed security model for deploying role-based and data access rights
Strong integration capabilities allow you to leverage existing IT investment by integrating data from other Oracle applications or spreadsheets and native databases removing all manual data preparation errors and risks
- Enterprise Aware
Consider data from all enterprise systems that impact finance decisions
- Seamless Integration
Easily connect to source EPM and ERP applications such to source data directly.
- Seamless Integration
Leverage existing IT investments and quickly integrate data from multiple sources including spreadsheets and native databases
Perform all of your financial consolidation and close process in a function-rich, easy to use, interface. From journal adjustments, reporting and analysis to workflow and task management – all done in one common interface be it on a tablet or a web browser on a PC.
- Role-Based User Interface
Increase user adoption and productivity with one web user interface.
- Anywhere Anytime
Flexible interface to deliver the same experience on a tablet or PC for anywhere access
Intelligently remember user selections allowing for quick system navigation.
Why Choose Version 1?
There’s no substitute for industry experience. We have learned from 1,000+ engagements and bring learned intelligence and techniques to every customer scenario. Our set of skills and know-how can deliver your most important Oracle transformation initiatives.
From recommendations to business impact. Work with us to develop cloud journey roadmaps that apply advanced cloud intelligence such as autonomous platforms, intelligent process automation and advanced analytics to your business challenges.
Our clients don’t bring us their simple problems; they trust us with their most complex scenarios. The fusion of our business process knowledge and advanced Oracle technology skills enables us to lead our clients from their point of pain to a place of success with less risk.