Oracle Financial Consolidation and Close (FCC)

Oracle Financial Consolidation and Close (FCC)

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Oracle FCC enables you to close your books faster and with more accuracy and flexibility. We will list down few features that make FCC one of the best applications for your enterprise.

Key Features

  1. Pre-built functionalities, so you save Time & Cost

FCC comes with many out-of-the-box functionalities that allows you to close a month faster than ever. It reduces your need to do customization because cash flow, balance sheet, income statement, rollovers, and more are automatically calculated.

2. Staying complaint had never been so easy

FCC provides transparency and audit compliance for tasks like journal adjustments with enforced segregation of duties, data changes, visible calculations, and user activity logging. Always see what changes have been made and by whom to the data.

3. Incorporate Supplemental data with a click of a button

It also provides the full picture for statement balances by gathering supporting detail. Easy-to-create templates help with signoffs, validations, and drill-back from source to create footnotes, statement analysis, and track detailed information.

4. Readily meet global reporting requirements

Decrease the time it takes to meet global reporting requirements, including International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) with a preconfigured consolidation model.

5. Automated Intercompany eliminations

FCC Reduces manual work by using automatic, standard intercompany eliminations. There are additional capabilities to customize if needed.

6. Translate currencies

Increases consolidation accuracy by using standard or customizable currency translations.

7. Out-of-box Ownership management

FCC allows managing global consolidation settings and the application of those consolidation settings to each entity hierarchy on a scenario-by-scenario, year-by-year and period-by-period basis.

8. Orchestrate a connected close

Streamline the end-to-end close with automated process monitoring, integration, and workflow capabilities.

9. Strong Integration capabilities

FCC can easily integrate data from wide range of source system, be it ERP, native databases, Excel sheets or Flat files.

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