Experto en Oracle Financial Consolidation and Close (FCCS)
Gracias a nuestra experiencia demostrada, estamos en la posición ideal para guiar su implementación de Oracle FCC.
Nuestra experiencia incluye una implementación exitosa para una gran compañía de seguros de EE. UU., donde implementamos FCC tanto para US GAAP como para informes STAT.
Gestionamos con pericia reglas de consolidación complejas, eliminaciones intercompañías e integración de datos de múltiples sistemas fuente. Nuestra experiencia garantiza una implementación robusta y eficiente de FCC, adaptada a sus necesidades específicas de consolidación y generación de informes.
Lo que ofrecemos
Para nuestros clientes de Oracle FCCS, ofrecemos una experiencia inigualable gracias a más de dos décadas de profundo conocimiento de las normas contables NIIF y US GAAP. Esto garantiza que sus procesos de consolidación e informes no solo cumplan con las normas, sino que también reflejen las mejores prácticas. Nuestra experiencia se extiende a la gestión operativa de precios de transferencia, lo que nos permite diseñar soluciones FCCS que se integran a la perfección con sus políticas de precios de transferencia.
Además de la experiencia técnica, aportamos la valiosa perspectiva de un liderazgo financiero experimentado, incluyendo experiencia como Director Financiero y Controlador Regional para la región EMEA, así como ejecutivo global de Precios de Transferencia Operativos. Esta experiencia práctica nos permite comprender los matices estratégicos y operativos de su negocio, garantizando que la implementación de FCCS aborde sus desafíos y objetivos específicos desde una perspectiva práctica y ejecutiva. Nuestro enfoque holístico ofrece una solución robusta y eficiente de consolidación e informes, basada en un profundo conocimiento contable y una amplia experiencia en liderazgo financiero.
Experto en implementación de Oracle FCC
Experiencia en US GAAP y NIIF
Cumplimiento de SOX y orquestación de procesos
Revistas empresariales
¿Cómo trabajamos?
Colaboramos estrechamente con nuestros clientes de FCCS, aplicando un enfoque colaborativo y orientado a resultados, adaptado a sus necesidades específicas de consolidación e informes. Nuestra metodología implica:
- Descubrimiento Integral: Iniciamos el proceso con una evaluación exhaustiva de sus procesos de consolidación actuales, requisitos de información (tanto bajo las NIIF como bajo los PCGA de EE. UU.), estructura organizativa y la complejidad de sus relaciones intercompañías. También analizamos en profundidad sus políticas de precios de transferencia para garantizar una integración fluida.
- Diseño estratégico: Aprovechando nuestra amplia experiencia, incluyendo los conocimientos adquiridos en puestos de CFO y Controller Regional, así como nuestro liderazgo global en precios de transferencia, diseñamos una solución FCCS personalizada. Este diseño considera sus normas de consolidación específicas, la lógica de eliminación intercompañía, los requisitos multidivisa y los objetivos de informes.
- Integración fluida: Integramos FCCS con sus diversos sistemas fuente, garantizando un flujo de datos preciso y eficiente. Nuestra experiencia en integraciones de datos complejas minimiza las interrupciones y maximiza la integridad de los datos.
- Configuración a medida: Configuramos FCCS meticulosamente para que se adapte a sus necesidades específicas de consolidación e informes, incluyendo la configuración de reglas de consolidación, eliminaciones intercompañías, conversión de divisas y la creación de cálculos personalizados. Nuestro profundo conocimiento de las NIIF y los PCGA de EE. UU. garantiza que el cumplimiento normativo y las mejores prácticas estén integrados en la configuración.
- Transferencia de Conocimiento y Capacitación: Ofrecemos capacitación integral para capacitar a su equipo financiero para usar y mantener eficazmente el entorno FCCS. Nuestra capacitación se adapta a los diferentes roles de usuario, garantizando que todos cuenten con las habilidades necesarias.
- Soporte y optimización continuos: Nuestra colaboración va más allá de la implementación inicial. Ofrecemos soporte continuo para resolver cualquier duda o problema y ofrecemos recomendaciones para la optimización continua de su entorno FCCS a medida que su negocio evoluciona.
Básicamente, actuamos como una extensión de su equipo de finanzas, aportando nuestra profunda experiencia técnica y experiencia práctica en liderazgo financiero para garantizar una implementación exitosa de FCCS que agilice sus procesos de consolidación e informes, mejore la precisión y brinde información valiosa para la toma de decisiones.
All things Oracle EPM
The Financial Consolidation and Close (FCC) process. Just the acronym can evoke a mix of urgency and perhaps a touch of anxiety for finance professionals. The pressure to deliver accurate and timely financial statements is immense, and the path to consolidation is often fraught with complexities – multiple entities, diverse accounting standards, intercompany transactions, and the ever-present risk of errors. In this high-stakes environment, having the right tools isn't just helpful; it's essential. And when it comes to ensuring the integrity of your consolidated financials, Oracle Account Reconciliation stands out as a true game-changer. Often operating behind the scenes, it's the unsung hero that empowers finance teams to close their books with confidence. The Perils of a Reconciliation-Light Approach Imagine navigating the FCC process relying heavily on spreadsheets and manual methods for account reconciliation. The picture isn't pretty: A Time Sink: Countless hours spent manually matching transactions, investigating discrepancies, and chasing down supporting documentation. Error-Prone: The risk of human error skyrockets when dealing with large volumes of data and manual data entry. A misplaced decimal or a missed transaction can have significant downstream impacts. Limited Visibility: Gaining a holistic view of the reconciliation status across different entities becomes a cumbersome task, hindering proactive issue resolution. Control Gaps: Without standardized processes and automated workflows, maintaining strong internal controls over financial reporting becomes a significant challenge. Audit Headaches: A lack of a clear audit trail and well-documented reconciliations can lead to increased scrutiny and potential findings during audits. These challenges not only strain your finance team but also increase the risk of inaccurate financial statements, potentially damaging your organization's reputation and bottom line. Oracle Account Reconciliation: Your Fortress of Financial Integrity Enter Oracle Account Reconciliation, a robust solution designed to streamline, automate, and enhance the critical process of verifying account balances. Its integration within the Oracle EPM Cloud ecosystem, particularly with Oracle FCC Cloud Service (FCCS), creates a powerful synergy that transforms the consolidation and close process. Here's how: A Single Source of Truth: Oracle Account Reconciliation provides a centralized platform to manage all reconciliation activities, eliminating the chaos of scattered spreadsheets and disparate systems. This unified view provides unparalleled control and visibility. Automation that Empowers: Say goodbye to tedious manual matching. Intelligent auto-matching rules can reconcile high volumes of transactions in seconds, freeing up your team to focus on investigating exceptions and analyzing variances. Workflow automation ensures reconciliations follow predefined approval processes, enhancing efficiency and accountability. Unlocking Data Accuracy: By systematically identifying and resolving discrepancies, Oracle Account Reconciliation significantly improves the accuracy and reliability of the underlying data that feeds into your consolidated financial statements. This builds trust and confidence in your reported results. Real-Time Visibility and Control: Dashboards and real-time reporting provide a clear overview of the reconciliation status across all accounts and entities. You can easily identify bottlenecks, track progress, and proactively address potential issues before they impact the close timeline. Standardization for Consistency: The platform allows you to enforce standardized reconciliation processes, templates, and formats across the organization, ensuring consistency and compliance with internal policies and regulatory requirements. A Robust Audit Trail: Every action within Oracle Account Reconciliation is meticulously tracked, providing a comprehensive audit trail. This simplifies audits, enhances transparency, and provides clear evidence of your reconciliation processes. Seamless Integration: The tight integration with Oracle FCCS ensures a smooth flow of data, eliminating manual data transfers and reducing the risk of errors. This synergy streamlines the entire consolidation and close lifecycle. The Tangible Benefits: Closing Faster, Closing Stronger Implementing Oracle Account Reconciliation as a cornerstone of your FCC process translates into significant advantages: Accelerated Close Cycles: Automation and efficiency gains directly contribute to a faster and more streamlined close process, freeing up valuable time and resources. Reduced Errors and Restatements: The focus on accuracy minimizes the risk of errors in your financial statements, reducing the likelihood of costly and reputation-damaging restatements. Strengthened Internal Controls: Standardized processes, automated workflows, and clear accountability enhance your internal control environment over financial reporting. Enhanced Transparency and Accountability: Real-time visibility and defined responsibilities foster greater transparency and accountability within the finance function. Improved Audit Readiness: A robust audit trail and well-documented reconciliations make audits smoother and more efficient. Optimised Resource Allocation: By automating manual tasks, your finance team can focus on higher-value activities like financial analysis and strategic decision-making. Conclusion: Embrace Reconciliation Excellence In the complex world of Financial Consolidation and Close, accuracy and efficiency are paramount. Oracle Account Reconciliation isn't just a tool; it's a strategic enabler that empowers finance teams to navigate the complexities with confidence. By embracing a robust reconciliation process powered by Oracle, you can move beyond the limitations of manual methods, strengthen your financial integrity, and ultimately, close faster and stronger. Ready to transform your FCC process and unlock the power of confident closing? Explore the possibilities that Oracle Account Reconciliation offers and take the first step towards a more efficient, accurate, and controlled financial close.
Oracle FCCS (Financial Consolidation and Close Cloud Service) is a powerful tool for streamlining your consolidation process. However, like any sophisticated system, understanding its nuances is key to maximising its efficiency and accuracy. One area that often causes confusion is the distinction between Enterprise Journals and Consolidation Journals.
Oracle FCCS has introduced a new "organisation by period" ownership engine, a significant enhancement allowing for more accurate and flexible financial consolidation.
This updated feature addresses the limitations of previous versions by enabling users to define ownership percentages that can change within a reporting period, rather than only at the period's start.
The sources highlight benefits such as increased accuracy, improved flexibility in handling mid-period ownership changes like acquisitions and divestitures, and enhanced auditability.
Ultimately, this development streamlines the management of complex ownership structures, leading to more reliable financial reporting and analysis for FCCS customers.
