Financial Consolidation and Close Cloud

FAQ

 

What is Financial Consolidation and Close Cloud?

Oracle Financial Consolidation and Close Cloud is a new cloud-based solution built to optimize the close. Financial Consolidation and Close Cloud is designed to help minimize risk, provide transparency to the process, and accuracy to the results.
 

What is included in Financial Consolidation and Close Cloud?

With Financial Consolidation and Close Cloud, customers receive everything they need for the close process, including:
 
  • Data management capabilities for integration with source systems
  • Robust consolidation capabilities including translations, intercompany eliminations, journal adjustments, and more
  • Workflow support for the close process
  • Audit controls for all activities
  • Reporting, monitoring, and analysis including web and Microsoft Office

What is the pricing model for Oracle Financial Consolidation and Close Cloud?

Oracle Financial Consolidation and Close Cloud is priced on a per user/per month basis with a minimum of 10 users. See the Pricing tab for more information.
 

How fast can Oracle Financial Consolidation and Close Cloud be deployed?

Because Oracle Financial Consolidation and Close Cloud eliminates the need for on-premises hardware, operating systems, databases, and other technology, new applications can be deployed in weeks versus months for on-premises applications.
 

How can I integrate Oracle Financial Consolidation and Close Cloud with my existing cloud or on-premise ERP systems?

Data and metadata can be integrated into Oracle Financial Consolidation and Close Cloud using data management capabilities within the Financial Consolidation and Close Cloud offering. This includes seamless loads of data and metadata and also capabilities to drill back to the source information.
 

What are the benefits of running Oracle Financial Consolidation and Close Cloud versus on-premise applications?

The key benefits of Oracle Financial Consolidation and Close Cloud are fast time to deployment, reduced up-front deployment costs, and the ability to scale up quickly to address future needs.
 

How are upgrades and patches handled?

Each customer chooses a 1 hour window for daily system maintenance and patching. Patches are made automatically during this window if needed. When available, upgrades are provided at the same time. Customers are provided with advanced notice of an upcoming upgrade so they have time to prepare. Critical patch fixes are done on the environment as needed. Typical updates are done once a month, and software enhancements are done approximately once every quarter.
 

How can I start using Oracle Financial Consolidation and Close Cloud?

Please contact your Oracle sales representative or contact us through cloud.oracle.com.
 
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