Financial Consolidation and Close (FCCS)

Irrespective of the company size, one can have full assurance in their financial consolidation, close and reporting processes. Oracle Financial Consolidation and Close Cloud Service shield that processes are: dependable and correct, streamlined and efficient, timely and transparent, and compliant and auditable. Very few organizations think that they have a very effective financial close. It is common that many organizations still use excel and email to track the financial close, reporting and filing process. This results in inadequate visibility for organizations into their finance. It is necessary for companies to implement a solution which ensures the use of best practices for accuracy and efficiency. Oracle FCCS helps to significantly reduce timescales, cost, and risk. It increases collaboration and ensure responsibilities and improve the security, consistency, and quality of financial reporting. Oracle FCCS implement processes that are integrated, secure and auditable.