We are in front of a company that tells us that it is evaluating Oracle to cover the following Financial Close processes:
– Statutory and managerial reporting;
– Budget and planning;
– Consolidated financial statements.
What can we offer?
Today we will be able to start from EDMCS (Enterprise Data Management Cloud Service) to explain how metadata is imported into a shared environment and how it is distributed in planning and consolidated applications.
We will show the strengths of FCCS (Financial Consolidation and Close Cloud Service) for the consolidated financial statements, and PBCS (Planning & Budgeting Cloud Service) for planning.
We will go back to EDMCS and we will say that in addition to keeping the metadata aligned between different modules, it moves the data from one environment to another: we can show a practical case where the Budget data processed and validated in PBCS is brought to FCCS to be consolidated and compared to the actuals.
On EPRCS (Enterprise Performance Reporting Cloud Service) we will build the reporting book: variance analysis, management reporting, note to the financial statements, supplemental info.
The added value that EXPERLAB brings, beyond the technical competence and constant updating on all Oracle EPM technologies, are the over 15 years of experience in Finance projects of this type and the predisposition to understand the main problems of management control resources.