The number one data related delay in the entire close process is data validation. Most organizations would say that an enormous amount of their close time is spent validating data. What product are you using to reconcile accounts? Are you using Oracle Cloud EPM? Excel? Blackline? Or the power of humans? Literally seeing if this number equals that number. You might think you’re really good at it! I mean, cavemen were asking at a point in time, “Does this rock look like that rock?” But truthfully, this is not a good use of our higher-level thinking. This is something that today’s robots are really good at and we should let the robots do it! We don’t want to be slowing down our process. And quite frankly, humans don’t want to do it either. Nobody feels really smart at the end of the day when thinking, “Yeah…I validated all of that stuff.” Please don’t go down this path! You really want to be in a situation of letting robots go figure out your data and your reconciliation.
Join this session to discover how Oracle Cloud EPM Account Reconciliation addresses the global reconciliation process by reducing risks, providing real-time visibility into the performance of account reconciliations, ensuring all reconciliations are properly qualified, integration with Data Management and much more! We will also discuss challenges such as how to enable automated account reconciliations, what tools to provide governance and real status reporting, and how to efficiently address security and risk concerns.
Dec 8, 2021, 1:00 pm CST
ArganoInterRel’s private Zoom video platform
Andrea Auld and Patricia Roettger
Oracle Account Reconciliation Cloud
Tel: (972) 735-8716
Office: Globe Life Park
1000 Ballpark Way, Suite 308
Arlington, Texas 76011
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