Oracle EPM For Financial Consolidation
Oracle Cloud EPM Planning
Accurate Financial Statements Path
Sub-Ledger Close
Close sub ledgers into GL (AR, AP, FA, etc.)
General Ledger Close:
Perform reconciliations and post accruals
Data Assurance:
Gather and validate complete data sets to support all financial reporting needs
Consolidation Automate
consolidated financial reports leveraging multiple hierarchies and calculations
Internal Management Reporting:
Deliver self service financial reporting to the organization
External Management Reporting:
Create external reports with disclosures and financial data
Filing:
Automate and deliver external & statutory filings
Intercompany Reconciliation:
Ensure accurate financials by reconciling entities.
Financial Consolidation Best Practice
Capture Data & Closing
We capture business events, manage data changes, collect from subsidiaries, handle conversions, close sub-ledgers, and prepare pre-close trial balances with adjustments.
Internal Reporting
We adjust financial reports, prepare cash flow and other statements, conduct management reporting, standardize reports, and perform variance analysis.
Consolidation
We create a single currency, meet one closing date, process internal transactions, eliminate shares, and make management and group closing adjustments.
External Reporting
We perform GAAP calculations and adjustments, prepare disclosures and fact notes, and ensure compliance with reporting standards.
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ADQ Reduced consolidation time by 40%, leading to faster financial reporting cycles
PRE-BUILT BEST PRACTICES FOR RAPID DEPLOYMENT
Close the Books in Hours Instead of Days
Oracle Cloud EPM accelerates deployment with built-in best practices, reducing customization needs and enabling swift compliance with global reporting requirements. The platform supports dynamic calculations and pre-configured consolidation models, ensuring a seamless start and efficient global reporting.
- Accurate financial reports early
- Integrate Multiple Charts of Accounts
- Accelerated Monthly Cycles
- Flexible Consolidated Financial Reporting
- Minimal customization for cash flow, balance sheet, income statement
Enhance Consolidation Accuracy and Automate Processes
Advanced Consolidation with Intelligent Process Automation
Oracle Cloud EPM offers advanced consolidation features and intelligent process automation, reducing manual effort and increasing accuracy. The platform streamlines the end-to-end close process, manages key metrics, and ensures compliance with detailed audit trails and transparent reporting.
- Automate complex consolidations
- Scales for all planning needs
- Ensure transparent audit compliance
- Centralize journal management
- Customize currency translations for global accuracy
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