Oracle EPM Financial Consolidation Software
Manage, and Consolidate all your companies into one single solution.
What are Oracle EPM Financial Consolidation Services?
Cost Management
Make informed decisions for the future and utilize precise models for profitability analysis, cost allocation, IT finance, and tax pricing.
Planning & Budgeting
Enable agile plans, scenario modeling, long-term planning, budgeting, and leveraging both advanced technologies and industry best practices.
Account Reconciliation
Automate reconciliations and transaction matching to enhance the security of your financial statements, effectively managing associated risks.
Tax Reporting
Ensure transparency in corporate tax procedures, encompassing tax provisioning and country-specific reporting.
Enterprise Data Management
Handle business changes encompassing data governance, visualizing change data, and managing hierarchies.
Freeform
Enhance decision-making by essbase's flexibility with SaaS scalability and governance, empowering you to bring your ideas to life.
What Financial Management for multiple subsidiaries can Provide?
It can provide enhanced control and visibility over the financial performance and operations of each entity, leading to improved decision-making and resource allocation.
As subsidaries numbers grow, you need to implement complete end-to-end solution gives you visibility into the entire close, consolidation, data collection, and reporting activities.
- Finance ERP: The solution couple core accounting functionality with real-time financial visibility and business insights to drive financial excellence.
- Multi-Currency Management: With NetSuite, you can completely manage an international business by restating currencies and consolidating financial reporting across business units.
- Global Reporting: With real-time access to live financial data, you can quickly drill into details to quickly resolve delays and generate statements and disclosures that comply multiple regulatory financial compliance requirements.
- GCC VAT Compliance: Procurement and supply chain, receipt of goods from suppliers / imports, Sales cycle from Quotations to sales order, delivery, invoicing, goods return and cash collections. VAT computations, VAT returns, payment and refund claims.
- Integration: NetSuite ERP seamlessly integrates with all NetSuite order management, inventory, CRM and ecommerce functions to streamline critical business processes.
Consolidating financial statements and bringing business units together is a tedious and painful process especially when it should be centralized for many subsidiaries.
Holding companies can advantage of financial consolidation best practice by Azdan, our practice include intelligent functionality for quick deployments, including dynamic calculations. There is limited need for customization as cash flow, balance sheet, income statement, rollovers, calls to action, and more are automatically calculated for all subsidaries inside your holding company.
With the rise of disruptive technologies, escalating costs due to legacy applications, Azdan crafted a centralized planning model for diverse industries for holding investment companies. The planning types are:
- Diversified Specific Models
- Operational Planning
- Project Planning
- Cash Projections
- Sales & Revenue Planning
- Driver and Trended Forecasting
- Financial Reporting & Variance Analysis
- Indirect Cash Flow
- Workforce Planning
- Microsoft Office Integration
Oracle EPM For Financial Consolidation
Discover how calculations from all three tabs on the Consolidation Process screen play a crucial role in the consolidation process. Dive into the specifics of the Consolidated tab's calculations during consolidation.