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Oracle EPM & BI Blog

Modernizing an Outdated Financial Close Process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 Updates (November 2017): Integrations with EPM Cloud Services, Reusing Target Application Names, Fixed Defects & More

The November updates for Oracle's Account Reconciliation Cloud Service (ARCS) are here. In this blog post, we’ll outline new features, fixed defects, and considerations.

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, November 17 during your normal daily maintenance window.

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Oracle EPM Cloud: Current, Next & Future

With the Oracle EPM Cloud, you can look forward to new updates every month — from fixed defects to significant new features. It’s great to know your tool is constantly being improved, but it still leaves you wondering, “what will it be like in a few years?”

Fortunately, Oracle has given us an update of what’s to come. This is great news for current EPM cloud users planning for the future, and those considering a move to the cloud.

In this blog post, we’ll look at…

  • What makes up the Oracle EPM Cloud
  • The Enterprise Performance Reporting Cloud
  • Intelligent Process Automation
  • The Current, Next & Future roadmap of the Oracle EPM Cloud
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How Hyperion Helps with Year-End Close

It’s the beginning of the fourth quarter. You’ve just finished yet another quarter-end close — the last thing you want to think about is year-end.

But it’s there, looming over your head, just like all the Christmas shopping that’s coming up fast. But, what if year-end close didn’t have to be so similar to the hellish nightmare that is shopping at the mall in December? What if year-end close could be peaceful?

Fortunately, there are tools to help — not just with year-end, but month-end and quarter-end close as well. If you’re shopping for a solution to help you speed up your close process, there are several Oracle tools (on-prem and in the cloud) that you should consider.

The Oracle on-prem financial close tools include:

The cloud-based Oracle financial close tools include:

In this blog post, you’ll get a brief overview of each tool, telling you how they can help you have a stress-free close process. You’ll also find free resources to dive deeper into each tool.

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ARCS Product Update (October 2017): Transaction Matching Updates, Fixed Defects, and Considerations

The October updates for Oracle's Account Reconciliation Cloud Service (ARCS) are here. In this blog post, we’ll outline new features, updates, and considerations.

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, October 20 during your normal daily maintenance window.

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ARCS Product Update (September 2017): Automation of Application Snapshot Uploads, Support for Single Sign-On, and More

The September updates for Oracle's Account Reconciliation Cloud Service (ARCS) are here. In this blog post, we’ll outline enhancements, updates, and considerations.

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, September 15 during your normal daily maintenance window.

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The Best Account Reconciliation Tool? Oracle ARM (3 Reasons Why)

If you’re in the market for an account reconciliation solution, you’re probably feeling the pain points of manual processes. Fragmented data. Lack of visibility into progress. Time-consuming reconciliations that cause a major bottleneck in the financial close process.

The costly risks of manual methods — missing or lost reconciliations, unreconciled accounts, improper use of roll-forwards, and insufficient justification or documentation — can be prevented by automating your account reconciliation process. The question isn’t whether you should protect your organization with an account reconciliation tool, but which tool is best.

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BlackLine vs. Oracle Account Reconciliation (ARM & ARCS)

Choosing a solution to automate a process in your organization is easier said than done. There is an abundance of applications out there and you’re tasked with finding the right tool for your team to use.

When it comes to accounting tools to automate your account reconciliation process, there are several big names. In this blog post we’ll compare two of those: BlackLine and Oracle’s Account Reconciliation tools — Oracle Account Reconciliation Manager (ARM) and Oracle’s Account Reconciliation Cloud Service (ARCS).

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ARCS Product Update (August 2017): Transaction Matching Enhancements, Bulk Actions, and More

This month, Oracle will update Account Reconciliation Cloud Service (ARCS). In this blog post, we’ll outline enhancements, updates, and considerations for August.

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, August 18 during your normal daily maintenance window.

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ARCS Product Update (July 2017): Provisioning Report, Considerations, and More

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

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, July 21 during your normal daily maintenance window.

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