FAQ

Account Reconciliation

What is the Account Reconciliation Cloud Service?

Oracle Account Reconciliation Cloud Service (ARCS) is a robust cloud-based reconciliation compliance solution built using the functional capabilities of the current release of Account Reconciliation Manager (ARM), one of the modules within Oracle Hyperion Financial Close Management. Although ARCS has nearly identical features to ARM, ARCS will dramatically reduce the time and cost of deployment and administration, making it an attractive solution and competitive with other cloud-based offerings.

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What is included in Account Reconciliation Cloud Service?

Customers receive everything they need in order to manage a global reconciliation process:
  • Flexible balance mapping rules with an automated completeness check
  • Rules based thresholds for automatic certification and risk assessment
  • Workflow support for the reconciliation process
  • Audit controls for all activities
  • Reporting, monitoring, and analysis

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What are the benefits of running Oracle Account Reconciliation Cloud Service versus on-premises applications?

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

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What's the pricing model for the Oracle Account Reconciliation Cloud Service?

Oracle Account Reconciliation Cloud Service is priced on a per user/per month basis with a minimum of 10 users.  See the Pricing tab for more information.

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How fast can Oracle Account Reconciliation Cloud Service be deployed?

Because Oracle Account Reconciliation Cloud Service 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.

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How can I integrate Oracle Account Reconciliation Cloud Service with my existing cloud or on-premises ERP systems?

Data and metadata can be integrated into Oracle Account Reconciliation Cloud Service using flat files or the included data management capabilities of the solution.

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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. 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.

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How can I start using Oracle Account Reconciliation Cloud Service?

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

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