Financial Consolidation

Close Cloud

Oracle Confidential Internal/Restricted/Highly

2
Restricted
Customer Issues:

Lengthy and cumbersome closes

Accuracy and Efficiency issues
Difficulty with reporting and analysis
Increasing collaborations and to ensure responsibilities.
Manual interventions
Comply to Statutory requirements
No control over the process
Too many disconnected spreadsheets
AUDIT ISSUES

Oracle Confidential Internal/Restricted/Highly

3
Restricted
 Financial Consolidation and Close Cloud
Service(FCCS)

FCCS provides you an effective and

efficient end to end application for Solving Financial Consolidation and
consolidation and close process
Reporting Issues

With

Out-of-The-Box Oracle
Financial Consolidation and Close
Cloud Service(FCCS)
Oracle Confidential Internal/Restricted/Highly
4
Restricted
Key Highlights

Dramatically reduce the time and

cost to complete the financial close
Data Load From ERP, ensures
Accuracy
Prebuilt Dashboards, Account
hierarchy, Movements, Forms, Task
Lists, Close Calendar
Ensure clear responsibilities and
timescales
Built in Financial Intelligence
No Hardware/software required
Implement processes that are
integrated, SECURE AND AUDITABLE

Oracle Confidential Internal/Restricted/Highly

5
Restricted
 Financial Consolidation and Close Cloud Service
Features
Automatic Multi currency Translation
and FX adjustments
Cash flow analysis
Multi-GAAP Support
Tracks Key Performance Indicators
and Data Source
Automated Backups and system
update
Enable Journal Adjustments with
Approval workflow
Security Controls
Includes features for Automatic
INTER COMPANY Elimination and
Matching Reports

Oracle Confidential Internal/Restricted/Highly

6
Restricted
 Tasks
Built in Close Manager
Task Responsibilities and
Workflow
Timelines and calendars aligned
with the close
Reflects due date Assignments
Notifications based on work
status and due dates sent on mail

Oracle Confidential Internal/Restricted/Highly

7
Restricted
 Data Forms
Data Forms can be recorded by
Web or through Smart View
Smart View is a comprehensive
tool for accessing and integrating
FCCS content from Microsoft Office
products
Drill through is possible from forms
Composite and Ad hoc forms are
also available

Oracle Confidential Internal/Restricted/Highly

8
Restricted
 Managing Journals
List of journal entries
entered
Status of Workflow
Auto Filter Option
Submit/
Reject
options
Automatically
numbered

Oracle Confidential Internal/Restricted/Highly

9
Restricted
 Dashboards
Pre-configured Dashboards
Close Dashboard
Displays tasks, journals and supplemental
data
Ability to navigate anywhere you want to
Compliance
Compliance
Supplemental Compliance
Financial
Balance Sheet
Income Statement
Cash Flow

Oracle Confidential Internal/Restricted/Highly

10
Restricted
 Reports
Journal Reports, Financials and more in XLS, PDF and HTML
view

Oracle Confidential Internal/Restricted/Highly

11
Restricted
Financial Reports

Oracle Confidential Internal/Restricted/Highly

12
Restricted
 Intercompany Reports
Automatically
generates Matching
Reports with the
partner transaction
side by side.
Trace if there are any
out of balance
between entities
Report generation on
the basis of plug
accounts Oracle Confidential Internal/Restricted/Highly
13
Restricted
 Dimensions
11 Seeded Dimensions
1.Scenario
2.Account
3.Period
4.Consolidate
5.Currency
6.Entity
7.Data Source
8.Movement
9.Intercompan
y
10.View
11.Year Oracle Confidential Internal/Restricted/Highly
14
Restricted
Importing Data

Types of Data
Trial
Balances
Journals
Import via Flat
Files

Oracle Confidential Internal/Restricted/Highly

15
Restricted
Importing Data
Submission of Process for Uploading Templates

Oracle Confidential Internal/Restricted/Highly

16
Restricted
 Monitoring Data Load
You can
monitor
Data Load
in Process
Details
Page
Also Data
Load Work
Bench
provide you
the details
on the
request Oracle Confidential Internal/Restricted/Highly
Restricted
17
Subsidiary Status

In Data Analysis, with Prebuilt in Form Data Status we can

consolidate data from any period/ range and the work status
of the subsidiaries can also be traced from this report

Oracle Confidential Internal/Restricted/Highly

18
Restricted
 Summary of FCCS Functionality
Close and Consolidation
Guide and monitor the close from start to Present a tablet friendly user
finish experience
Standard Consolidation and Narrative Reporting Enabled
eliminations Connect to any source of ERP
Built in KPI Ratios analysis applications and quickly
Currency Translations and FX integrate data from multiple
calculations sources including spreadsheets.
Multi- GAAP support Intercompany Matching
Auditing, segregation of duties and Journal Entry with approval workflow
transparent calculations Supplemental Schedules for Data
Automated Cash flow Collection
Data Source detail tracking with drill Custom calculations with member
through capability formulas
Application with role based tasks and
data access rights

Oracle Confidential Internal/Restricted/Highly

19
Restricted