数字之外的专业知识

Achieving Quick, Reliable Close Cycles with Oracle fcc

下面的SC&H组 blog post reveals how executives are meeting their business and compliance needs by implementing Oracle Financial Consolidation and Close Cloud Service (fcc) to accurately and 透明的ly shorten their close cycle.

Despite the increasing use and benefits of technology, today’s corporate close cycles are continually lengthening. 事实上, 五年前, 70 percent of companies completed their monthly close in six days, 而今天只有一半的人这样做, 根据Ventana最近的基准测试 报告.

Facing Various Pressures that Lengthen the Close Cycle

This difficulty in achieving timely close cycles is primarily due to various external, 内部, 和成本压力.

例如, market regulators are demanding more comprehensive, 透明的, and consistent disclosure of financial information. 此外, as companies struggle to comply with local and global regulations, the quality of their financial 报告s is facing greater public and 利益相关者 scrutiny.

除了, executives are facing numerous 内部 challenges that complicate financial data 整合 and increase work in the close process. A sampling of these challenges includes implementing technology that enhances specific company needs, 正确地整合数据, and maintaining a standardized financial model.

Further, some executives lack the resources to close in a timely fashion. 作为一个结果, 准确性经常受到影响, 对结果的分析不充分, costly errors in the current or next period’s 报告ing, 和有害的商业决策.

Implementing Oracle fcc for Efficiency, Transparency, and Accuracy

正如许多高管所发现的那样, implementing a formal solution can vastly improve their ability to gain a dependable, 非常高效。, 以及合规的关闭和整合过程. 事实上, the success rate in shortening close cycles increases from 15 percent to 77 percent when companies implement a formal solution, 根据Ventana的报告.

因此, forward-looking executives are working with an Oracle-Hyperion EPM consultant to implement Oracle fcc, thereby integrating a formal 整合 solution that can be tailored to fit their business needs. fcc can be configured with required features and pre-seeded content that allows executives to identify and address their key 整合 and close challenges.

例如, the pre-configured 整合 model in fcc makes it easy for executives to quickly and cost effectively meet global and local 报告ing requirements like IFRS and GAAP, and additional standards and requirements can be added as needed.

也, 减少公共, 利益相关者, 和监管机构的审查, fcc provides a strong compliance framework with auditing, 职责的划分, 和透明的计算, 以及预先构建的现金流, 资产负债表, and income statement functions that let executives 报告 with assurance and 精度.

此外, fcc addresses management and legal entity 整合 needs with built-in connectivity to core source systems (e.g., ERP)和详细的数据源跟踪, 包括数据管理, 期刊, 公司间的淘汰赛, 和手动输入.

最终, forward-thinking executives are working with Oracle-Hyperion EPM consultants to implement Oracle fcc for an end-to-end solution with complete visibility into all close, 整合, 数据收集, 和报告活动. 最后, 高管们正在迅速实现, customizable financial close and 整合 processes with transparency, 精度, 和简单性.

Want to learn more about how your company can improve its financial close, 整合, and 报告ing abilities? 接触SC&H组’s Oracle-Hyperion EPM and BI 咨询 team 今天就来讨论一下如何更有效的, 有效地, 准确地管理你的财务, 操作, 和战略信息.