Financial Consolidation and Close (FCCS)
Manage your financial process efficiently and effectively
Oracle Financial Consolidation and Close
Financial consolidation and the close process is a tedious task that consumes valuable resources and time. These tasks can be executed smoothly with the help of Oracle Financial Consolidation and Close Cloud Service. Oracle is a market leader in providing leading-edge Consolidation and Close Cloud Service solution that can assist any enterprise in managing the consolidation and close process- effectively and efficiently.
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.
Easy global reporting
Easy integrations
Flexible dashboards
Transparent reporting
Success Stories
This customer excels in process control with a unique perspective across the semiconductor value chain.
Key Benefits
Data management capabilities for integration with source systems
Workflow support for the
close process
Audit controls for
all activities
Reporting, monitoring,
and analysis
Why Trinamix
Trinamix is one of the few implementation partners who has the required expertise and experience in implementing end-to-end Oracle ERP cloud managing all business process that includes Oracle Fusion Financials cloud and SCM cloud. Our Fusion Cloud practice is rightly based on Oracle standards which helps us in providing top-notch solutions to our clients.
Offerings
- Advisory Services
- Implementations
- Integration and Development
- Managed Services
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Contact Trinamix for a tailored consultation.
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Frequently Asked Questions
What is the main business advantage of implementing Oracle FCCS with Trinamix?
Our primary goal is to help you transform your financial close process from a tedious, resource-intensive task into an efficient and effective operation. By implementing Oracle Financial Consolidation and Close Cloud Service (FCCS), we help you significantly reduce timescales, cost, and risk, while ensuring your processes are dependable, correct, and compliant.
Why should businesses choose Trinamix over other partners for FCCS implementation?
Trinamix is one of the few implementation partners with required expertise in implementing end-to-end Oracle ERP Cloud, including Fusion Financials Cloud and SCM Cloud. This comprehensive expertise allows us to provide top-notch solutions that are correctly integrated, providing superior Data Management Capabilities for Integration with Source Systems and robust financial controls.
How does Trinamix ensure auditability and compliance in the financial close process?
We implement FCCS to enforce processes that are integrated, secure, and auditable. This includes setting up robust Audit Controls for All Activities and transparent reporting. This ensures full assurance in your financial consolidation, close, and reporting processes, meeting stringent regulatory requirements and simplifying compliance.
How does Trinamix handle the challenge of reporting and visibility in a global organization?
We leverage FCCS to provide Easy Global Reporting and Transparent Reporting. By replacing fragmented, manual systems (like Excel and email) with FCCS, we deliver full visibility, enabling you to manage the financial process effectively across all entities, ensuring the security, consistency, and quality of financial reporting.
What are the key technical modules Trinamix focuses on to streamline the close process?
We focus on configuring the core FCCS functionalities, including Data Management Capabilities for seamless integration, and utilizing Workflow Support for the Close Process to increase collaboration and clearly define responsibilities. This streamlined approach minimizes inadequate visibility and ensures the use of best practices for accuracy.
Can Trinamix integrate FCCS with other necessary EPM tools like Account Reconciliation?
Absolutely. Our expertise extends across the entire EPM suite. For instance, we have helped clients like a Leading Canadian Utilities Conglomerate to automate their account reconciliation process with the implementation of Oracle Account Reconciliation Cloud Service (ARCS), demonstrating our ability to deliver a fully unified finance solution.
How does Trinamix's partnership status benefit our FCCS implementation?
As an Oracle Platinum Partner and co-development partner on Oracle Fusion Applications, our expertise is rightly based on Oracle standards. We bring this intimate knowledge to your project, along with highly skilled financial consultants certified on the latest cloud products, ensuring you receive the highest quality solution delivery.
