The most significant time-consuming (and boring) step in closing your books is verifying that the data ties: does the total from the AP sub-ledger equal the Accounts Payable line in the GL, does the journal entry detail match the account balances, and does the General Ledger foot to what’s in FCCS or HFM? Oracle EPM’s solution to quick reconciliation of data? Account Reconciliation Cloud Services (which also has an on-premise version if you want to kick it old school). This technology will not only speed up your manual reconciliations by helping you find the discrepancies, in most cases, it will do it automatically. Come learn how New Flyer reduced our close cycle (and got a large dose of our sanity back) with Oracle Account Reconciliation Cloud Service.
