What is Oracle Financial Consolidation and Close?
Oracle Financial Consolidation and Close Cloud is a cloud-based application that streamlines the financial close process. The solution enables organizations to consolidate financial data from multiple sources, automate reconciliation tasks, and generate reports with accurate and timely information. Users can manage the full close lifecycle, from data collection to reporting, within a single platform. The application provides controls and auditability to ensure the integrity of the close process, while also offering flexibility to adapt to changing business needs. With Oracle Financial Consolidation and Close Cloud, finance teams can improve efficiency, reduce errors, and gain deeper insights to support strategic decision-making
Highlights
- Consolidates financial data from multiple sources
- Automates reconciliation tasks and other close activities
- Generates reports with accurate and timely information
- Provides controls and auditability for the close process
- Offers flexibility to adapt to changing business requirements