Financial Consolidation and Close Cloud Service (FCCS) is among the latest of Oracle Enterprise Performance Management (EPM) Cloud offerings
Oracle's Hyperion Financial Management has been one of the top tools in the market for Financial Consolidation and Reporting processes because of its expansive functionality, including its ability to quickly close and report financial data and its ability to easily integrate with all Hyperion tools. However, Oracle has begun transposing its Hyperion tools and applications to the cloud; with that has come the introduction of Financial Consolidation and Close Cloud. Oracle Financial Consolidation and Close Cloud is a cloud subscription-based solution for the consolidation and close process tasks.
It comes out-of-the-box with built-in functionality to accomplish the necessary consolidation and reporting tasks while boasting a user-friendly interface and without requiring hardware or substantial IT support. In addition, FCCS has the capability to facilitate various data management tasks.
FCCS has a couple of the inherent features beneficial to administrators, such as its upgradeable framework and its ease of use & set up. Within the application is built-in functionality that is then easily customized to fit the consolidation and close needs of the customer, thus making the deployment of this solution within a company's framework quick and easy. Wh's more, the original content within FCCS is designed from best practices and is continually being enhanced. These enhancements come in the form of upgradeable new releases from Oracle, thus making this solution an ever evolving one as it continues to positively grow and develop during the lifetime of its employment. Additional features of FCCS that make it a top choice consolidation and close solution include, but aren't limited to, its various out-of-the-box reporting proficiencies, its currency translation functionality, its intercompany eliminations capabilities, and its journals.
With particular depth of expertise in Financial Consolidations, Reporting, and Financial Close, MindStream Analytics brings our clients the best practices in financial management to your cloud applications. When it comes to a new venture into the cloud, or transitioning from an on-premise solution to the cloud, you can count on MindStream Analytics as your implementation partner.
Financial Consolidation and Close Cloud (FCCS) seeks to offer an out-of-the-box consolidations solution, with pre-configured consolidation model to quickly and easily comport with global reporting requirements, like IFS and GAAP.
Dramatically reduce the time and cost to complete a close with Financial Consolidation and Close Cloud, which comes with pre-built cash flow, balance sheet, and income statement for reporting with confidence. The complete end-to-end solution provides visibility into the entire close, consolidation, data collection, and reporting activities.
As part of Oracle cloud EPM, data integration is integrated, with built-in connectivity to core source systems for consolidation and close needs. Connect to virtually any source ERP applications and EPM applications such as Planning and Budgeting, and Enterprise Performance Reporting.
Finally, as part of the Oracle EPM Cloud, getting started is a breeze. The cloud-driven application means a quick start. Because Oracle Financial Consolidation and Close Cloud eliminates the need for on-premise hardware, operating systems, databases, and other technology, new applications can be deployed in weeks (versus months for on-premises applications)!
Key Benefits:
- Out-of-the-box solution, incorporating best practices in consolidations
- End-to-end visibility into the entire process, including approvals
- Pre-built integrations
- Enhanced user experience
Financial Consolidation and Close Cloud (FCCS) includes the following:
- Financial Consolidation
- Financial Close Management
- Management Dashboards
- Compliance Assurance
- Intercompany Analysis
- Financial and Management Reporting
- Microsoft Office Integration
Download the following for more information: Datasheet: Oracle Enterprise Performance Reporting Cloud Service
Are you ready to talk to us about how Oracle Enterprise Performance Reporting Cloud Service (EPRCS) can transform your reporting process? Are you ready to move from on-premise to a cloud solution? Take the first steps: fill out the form below to start the discussion about how Enterprise Performance Reporting Cloud Service can fit your organization's needs.
Partner SpotLight
OneStream XF aligns to your business needs and changes more quickly and easily than any other product by offering one platform and one model for all financial CPM solutions. OneStream XF employs Guided Workflows, validations and flexible mapping to deliver data quality confidence for all collections and analysis while reducing risk throughout the entire auditable financial process.
Our Company
MindStream Analytics is a leading consulting firm focused on helping clients improve business understanding and decision making. With years of experience in the analytics and Business Performance Management area, MindStream offers services ranging from software selection and implementation to best practices for financial planning.
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