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ARCS Product Update (April): New Transaction Matching Module, Single Sign-on with NetSuite, and More

Next week, Oracle will update Account Reconciliation Cloud Service (ARCS). In this blog post, we’ll outline changes, updates, and considerations for April.

We’ll let you know any time there are updates to ARCS or any other Oracle EPM cloud products. Check the US-Analytics Oracle EPM & BI Blog every month.

The monthly update for Oracle ARCS will occur on Friday, March 17 during your normal daily maintenance window.

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Modernizing an Outdated Financial Close Process

When you hear “A.B.C.: Always Be Closing!” — you probably think of an angry Alec Baldwin in Glengarry Glen Ross yelling at a room of real estate agents. It’s the motto of salespeople, but it completely applies to the world of accounting, if you think of it in terms of financial close.

A continuous, or extended, financial close is where we’re headed. Though this might be the most important part of the modern financial close, other aspects include automating time-consuming manual tasks and delivering high value and reduced cycle times.

In this blog post, we’ll address each aspect of a modern financial close, starting with a continuous financial close cycle.

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ARCS Product Update (March): Transaction Matching, Service and User Activity Reports, and More

Cloud updates occur frequently, and it can be hard for Oracle cloud users to keep up. Or, if you’re a prospective cloud customer, maybe you’re waiting to see if a certain function is now available in a particular cloud product. Every time a cloud update comes up for Oracle Account Reconciliation Cloud Service (ARCS) or any other Oracle EPM cloud product, we’ll update it here on the US-Analytics Oracle EPM & BI Blog.

The monthly update for ARCS will occur on Friday, March 17 during your normal daily maintenance window.

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ARCS Update – Features for July 2016

With each Oracle Account Reconciliation Cloud Service (ARCS) update, the implementation strategy changes due to increased functionality. Oracle has invested the time and effort to make each PSU game changing. In this blog, we’ll look at the latest PSU for ARCS.


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Get the Most from Oracle ARM & ARCS: Automate Your Accounting Process

Spreadsheets used for account reconciliations are usually portrayed as the culprit in slowing down the financial close process. The simple truth is it’s not Excel’s fault — spreadsheets weren’t specifically designed as an account reconciliation tool.

Whenever I demonstrate Oracle Hyperion account reconciliation solutions — Account Reconciliation Manager (ARM) and Account Reconciliation Cloud Solution (ARCS) — I frequently hear the same thing, “The application looks easy and is pretty straightforward.” During the training phase, end users almost always remark how simple the process is to reconcile.

Performing reconciliations in ARM and ARCS is a push button solution. The magic is in the activity that occurs through automation and integration leading up to the preparer clicking the ‘submit’ button and the reviewer clicking the ‘approve’ button. Automating and integrating the accounting process will help speed up your close process and lead to a successful implementation of ARM or ARCS.

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Currency Buckets: How Data is Loaded to Oracle ARM and ARCS

Account Reconciliation Cloud Service (ARCS), the counterpart to the on-premises Account Reconciliation Manager, is the latest
offering in Oracle Hyperion’s cloud-based solutions. ARCS enables mid-sized companies with limited IT resources to leverage technology by integrating with ERP and EPM applications. In our balance comparison reconciliation blog, we briefly discussed the data load process to Oracle Hyperion ARCS and ARM with currency buckets available for general ledger and subledger balances. In this blog, we will cover in-depth the data load points in ARM and ARCS by using examples from other Hyperion EPM applications.

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FAQ: Account Reconciliation Cloud Service (ARCS)

The latest addition to Oracle’s suite of EPM Cloud products, Oracle Account Reconciliation Cloud (ARCS), is a robust solution for your reconciliation needs built using the capabilities of Account Reconciliation Manager (ARM). The cloud-based offering greatly reduces cost of deployment and administration, making a streamlined reconciliation process affordable for companies of all sizes.

ARCS allows you to view the performance of reconciliation in real time and ensures that all reconciliations prepared are properly qualified. We’ve compiled a list of the questions we get most often so you can decide if ARCS is the reconciliation solution you’re looking for.

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Dear ARM Wrestler: How Can I Report on the Status of Reconciliations in the Close Process?

Dear ARM Wrestler,

I'm at a loss because I'm unsure of where we are in the close process. Is there any way to report on the activities and status of my group in the reconciliation close process? How do I report this to my managers to assure them that reconciliations are done in a timely manner?

Thank you in advance,

Closing in the Blind

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Account Analysis Reconciliation in Oracle Hyperion ARCS & ARM

Oracle Hyperion's reconciliation solutions provide two different methods: balance comparison and account analysis. In a previous blog post, we covered the balance comparison method and how ARM and ARCS enable auto reconciliation of balance comparison accounts. The account analysis reconciliation method will be discussed in this blog.

Account analysis is the reconciliation method that requires a balance explanation for balance sheet accounts for an accounting period. Examples of an account analysis reconciliation include accounts receivable, accounts payable, and fixed asset reconciliations.

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Balance Comparison Reconciliation in Oracle Hyperion ARCS and ARM

As the latest offering in Oracle Hyperion’s cloud-based solutions, Oracle Account Reconciliation Cloud Service (ARCS) enables mid-sized companies with limited IT resources to leverage technology to integrate their ERP and automate reconciliations. Oracle’s on-premises alterative is Account Reconciliation Manager (ARM). ARCS looks and functions like the version of ARM, with a few exceptions.

Overcoming the knowledge gap before the start of design sessions is key in kicking off a successful Oracle Hyperion ARCS or ARM implementation. A large part of the discussion revolves around how the reconciliation process works in an integrated application. Taking time for knowledge transfer in this stage of the project allows for productive design sessions and enables the company to explore ways to enforce their accounting policy with the technology that Oracle Hyperion ARCS and ARM offers.

First, let’s take a look at the nuts and bolts of the reconciliation process and how ARCS and ARM can help.

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