Ds ebs fah rapid start 3131647 pdf
ORACLE DATA SHEET INTEGRATE DISPARATE FINANCIAL SYSTEMS AND INCREASE FINANCIAL TRANSPARENCY BUSINESS BENEFITS Lower implementation cost E ?ciently create accounting for multiple heterogeneous source systems Accelerate deployment of updated accounting rules to meet new requirements Enhance internal controls and auditability Accelerate the monthly close Detailed ?nancial transparency Robust and exible accounting engine Eliminate changes to the chart of accounts Increased ?nancial accuracy KEY FEATURES Ledger and Subledger Con ?guration Application setup Pre-accounted pass-through and manual adjustments load Pass-through event model Journal line setups Chart of accounts segment derivation setup Ledger setup GAAP and Statutory Accounting periods Foreign transactions using FX currency rate Event Processing and Reporting Prede ?ned double-sided data model Transaction at ?le and spreadsheet load with control validations Processing steps Draft and ?nal accounting processing Error processing Show balance inquiry ORACLE FINANCIALS ACCOUNTING HUB RAPID START In today ? s highly regulated ?nancial services environment organizations are continually seeking ways to improve growth while managing the demands of regulatory reporting One avenue of growth is driven by acquisitions in emerging markets and acquiring high growth products and solution areas To get an edge over the competition companies need to be able to rapidly acquire companies integrate acquired systems with existing systems and ensure higher operational e ?ciencies and costs while balancing the demands of increasing regulatory requirements Oracle ? s eight-week rapid start service delivers a ledger integration and ?nance transparency solution Oracle consultants deliver a scalable solution to meet the demands of speed of acquisition while enabling the ability to support the deployment of focused reporting and accounting requirements Choose the Oracle Financials Accounting Hub Rapid Start for accelerating the onboarding and integration of acquired companies to the parent ? s ?nancial platform Typical Post Acquisition Onboarding Strategy Upon completion of acquisitions the ?nancial systems of the acquired companies need to be integrated rapidly to the parent ? s ?nancial systems These integrations are often very challenging due to the complexity involved in translation mapping and rationalizing technology di ?erences between each system These considerations can result in patching the systems together with a custom mapping and ETL Extract Transform Load IT solution While custom IT solutions may work for the initial integration cycle to get the information owing between systems it increases the complexity of ongoing operational processes associated with closing the books ?ling the regulatory and statutory statements and understanding the details of the ?nancial systems These operational processes are heavily reliant on IT team support both for the initial integration as well as ongoing business process optimization needed to maintain the systems All of the above increase the total cost of implementing and maintaining the solution C Show accounting inquiry Deployment Convert chart of accounts segment values Convert foreign exchange rates Integrate accounting transactions Fixed timeline activities and sta ? plan ORACLE DATA SHEET ? Duplicated logic in many programs ? Error prone manual intervention ? No visibility ? No control ? ETL based and IT enable mapping ? IT maintained ? Lack of
Documents similaires
-
33
-
0
-
0
Licence et utilisation
Gratuit pour un usage personnel Attribution requise- Détails
- Publié le Jui 23, 2022
- Catégorie Administration
- Langue French
- Taille du fichier 43kB