Oracle Financial Consolidation and Close Cloud – FCC
Oracle Financial Consolidation and Close Cloud (FCC) is a reliable consolidation solution in the cloud. The consolidation software is based on Hyperion’s reliable consolidation and reporting expertise, which is already proven worldwide with on-premises products like 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 quickly analyze and share these figures with others via user-friendly dashboards.
The benefits of consolidation solutions
With the right consolidation software, you can make significant improvements 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 insight into the origin of the data
- Higher productivity of financials
- Cost savings in the closing process and financial audit
The advantages of Oracle FCC
Oracle FCC simplifies the entire closing cycle within your organization, from data integration to dashboards. The workflow supports all stakeholders within the process, so you are assured of timely and accurate delivery of all steps within the consolidation and reporting process. Through the integration with Office, you can create task lists, so that the entities’ controllers receive automatic notifications in their calendars.
The cloud solution includes templates for commonly used functionalities within the consolidation process. For example, the 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; you navigate smoothly within the software via ’tiles’. 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 consolidate with Oracle FCCS? Finext is the largest independent consultancy firm in The Netherlands that guides, advises, and supports Oracle consolidation solutions. Our dedicated specialists will help you with:
- Software licensing
- Advice, implementation & roll-out
- Aftercare & management
Finext has been elected Hyperion partner of the year for the last two years and has a Gold Partner status from Oracle. This gives us direct access to the latest technical developments and best practices regarding Oracle’s consolidation software.
Want to know more about Oracle?
As independent specialists, we believe that the right planning 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.
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