Oracle Financial Consolidation and Close Cloud (FCC) is a solid consolidation solution in the cloud. The consolidation software is based on Hyperion's solid consolidation and reporting expertise, which has already proven itself worldwide with on-premise products such as Hyperion Financial Management (HFM).
With FCC, you can now leverage the benefits of the cloud for your consolidation and reporting processes. It is available anytime, anywhere, flexible and scalable. No investments in hardware are required and, through predefined templates, an implementation is quickly realized. This gives you quick insight into your figures. And you can easily analyze and share these figures with others via user-friendly dashboards.
The benefits of consolidation solutions
With the right consolidation software, you can make great strides in the reliability, speed and effectiveness of the reporting and consolidation process within your organization. With the implementation of a new consolidation solution, you achieve the following benefits:
- Faster financial close cycles.
- Easier to create consistent and reliable reports.
- Less error-prone and one version of the truth.
- Greater understanding of data origin.
- Higher productivity of financials.
- Cost savings in the closing process and financial audit.
The benefits of Oracle FCC
Oracle FCC simplifies the entire closing cycle within your organization, from data integration to dashboards. The workflow supports all those involved in the process, ensuring timely and accurate delivery of all steps within the consolidation and reporting process. Through the integration with Office, for example, you can create task lists, so that entity controllers receive automatic notifications in their calendar.
The cloud solution includes templates for commonly used functionalities within the consolidation process. For example, p&l, cash flow statements, multi-currency functionality and intercompany elimination are already predefined in the software. Many dashboards are also predefined, making reporting easy.
The consolidation tool is 'finance driven'; via 'tiles' you navigate smoothly within the software. You can also easily add and change entities or dashboards yourself, without scripting. This makes you less dependent on your organization's IT department.
Finext and Oracle
How does Finext help you around consolidation with Oracle FCCS? Finext is the largest independent consulting firm in the Netherlands that guides, advises and supports the implementation of Oracle consolidation solutions. Our dedicated specialists will help you with:
- Software selection
- Software licensing
- Consulting, implementation & roll-out
- Aftercare & management
Finext has been voted Hyperion Partner of the Year for the past two years and has Gold Partner status from Oracle. This gives us direct access to the latest technical developments and best-practices surrounding Oracle's consolidation software.
As independent specialists, we believe that the right consolidation solution depends on your situation. What is the context, what goals do you want to achieve and what does the business need? We are happy to advise you on this, also during selection processes.