Oracle EPM Cloud for today’s CFO
Oracle EPM Cloud empowers you to handle your business swiftly by letting you plan across the different business functions seamlessly.
In order to do this, companies are striving to facilitate best practices for their IT departments through the best systems.
What can Oracle EPM Cloud do for you?
Planning for The Modern Financial Leader
Connected planning – integrate planning across all lines of business and analyze the impact of changes across your business
Model what-if scenarios across the organization to validate assumptions and reduce the risk of decisions
Scenario modelling – use built in features to rapidly model multiple scenarios to quickly deal with change (Read more about scenario planning)
In order to align strategy with plans, you need to understand the impact of strategic decisions on your bottom line, balance sheet, cashflow and shareholder value before implementation.
Plan across all financial statements – get the full picture by integrating balance sheets fully with income statements and cash flows while configuring industry -specific requirements.
Profitability and Cost Management – A decision driver for today’s CFO
Discover the segments, customers and products that are profitable and not – you now know where to invest resources
Easily allocate shared services costs to departments that use them
Flexible modelling – With this feature, you can model changes like adding products, dropping them, changing delivery options, adding new customers, and other opportunities to optimize profitability anytime.
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Financial Consolidation and Close for the Empowered CFO
Reduce your need for customization, because cash flow, balance sheet, income statement, rollovers, calls to action, and more are automatically calculated.
Decrease the time it takes to meet global reporting requirements, including International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) with a preconfigured consolidation model
Reduce manual work by using automatic, standard intercompany eliminations.
Increase consolidation accuracy by using standard or customizable currency translations.
Consolidate your global organization with applications that have full currency support, intercompany eliminations, equity eliminations, adjustments, and detailed data source tracking.
Account Reconciliation – now automated to save you time
Oracle EPM Cloud can match millions of transactions in minutes, that are usually high-transaction volume and labor intensive
Unlimited data sources and unlimited attributes per data source can be defined to support the most complex reconciliations in your organization
Journal entries can be automatically created to resolve variances found in the matching process, again saving you time.
Save time without compromising accuracy or increasing risk.
by automating time-consuming, repetitive reconciliations, such as zero-balance, low value, or low risk reconciliations.
Define your own rules for auto-reconciling.
Don’t waste time manually reconciling intercompany reconciliations; automate them to increase accuracy and save time.
Account Reconciliation is fully integrated with Oracle Cloud EPM, including financial consolidation and close and narrative reporting, for a complete, end-to-end financial close process.
Read about Oracle EPM Cloud Narrative Reporting
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Source: www.oracle.com