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Financial Consolidation

Consolidate and Close with Confidence

Close quickly and on time with complex consolidation support and close process orchestration.  

Drive significant cost and time savings while meeting global reporting requirements and delivering a modern financial close. Optimize the extended process from ledger close to regulatory filing with a comprehensive consolidation and close solution.

The Consolidation and Close Challenge

Other processes and staff depend on numbers from the consolidation and close. Getting the results out quickly makes budgeting and forecasting more accurate and relevant. So, closing quickly and on-time becomes a top priority.

  • Taking unnecessary time to consolidate and close delays and degrades other processes
  • Knowing where you’re headed depends on knowing where you’ve been
  • Tedious and time-consuming manual processes such as resolving journal entries and errors are frustrating and inefficient

Formerly known as Oracle FCCS

Oracle’s Financial Consolidation solution, formerly known as Oracle Financial Consolidation and Close Cloud Service or Oracle FCCS, is a cloud-based solution built to optimize the close. 

Financial Consolidation is designed to help minimize risk, provide transparency to the process, as well as provide accuracy to the results with:

  • Predefined dimensions and built-in financial intelligence
  • Standard consolidations and eliminations
  • Currency translations and FX adjustment calculations
  • Built-in KPI ratio analysis
  • Custom calculations using member formulas
  • Automated cash flow logic
  • Data source detail tracking with drill-through capability
  • Journal entry with approval workflow
  • Close calendar with task management and workflow
  • Data management

Oracle Financial Consolidation and Close, powered by Essbase provides direct integration with source systems, secure, out-of-the-office access via mobile devices and Microsoft Office integration within a strong compliance framework. 

Oracle Financial Consolidation and Close Success

For Controllers and Chief Accounting Officers who want to streamline their financial consolidation and close processes to close on time, interRel has you covered.

Oracle Financial Consolidation is a modern best-practice management and legal entity consolidation and reporting solution. Its preconfigured consolidation model with multi-GAAP support makes it easy to meet global reporting requirements.

Comprehensive – Out of the box functionality with limited customization and visibility into all the close, consolidation, data collection, and reporting activities. 

Report with Confidence – Transparent financial consolidation data with pre-built cash flow, balance sheet, and income statement, including intercompany eliminations, multi-currency translations, and standard consolidations. 

Integration – Built-in connectivity to core applications for consolidation and close data. Includes integrated Supplemental Data Manager and TaskManager.

Oracle Financial Consolidation streamlines the consolidation and close process. Ensure that processes are timely, compliant and auditable with an easily configured solution.

Rule the world with Oracle Financial Consolidation enabled by interRel’s award-winning consulting.

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interRel Consulting

Tel: (972) 735-8716
Office: Globe Life Park
1000 Ballpark Way, Suite 308
Arlington, Texas 76011

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