Oracle Financial Close and Reporting Cloud from Oracle Financial Services

Automates period-end close processes, financial reporting, account reconciliation, and financial consolidation. Provides workflow automation, task scheduling, real-time dashboards, audit trails, and integration with other Oracle financial applications. Includes advanced analytics and reporting capabilities.

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Product analysis by function

Financial Close Automation Systems for Finance and Accounting

Platforms that streamline the period-end financial close process, reducing time and errors in financial statement preparation.
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Core Financial Close Functionality
(0 Yes /0 Known /15 Possible features)

Integration & Data Management
(0 Yes /0 Known /12 Possible features)

Controls & Compliance
(0 Yes /0 Known /12 Possible features)

Process Automation & Orchestration
(0 Yes /0 Known /10 Possible features)

Reporting, Analytics & Visualization
(0 Yes /0 Known /10 Possible features)

User Experience & Collaboration
(0 Yes /0 Known /10 Possible features)

Security & Disaster Recovery
(0 Yes /0 Known /10 Possible features)

Scalability & Performance
(0 Yes /0 Known /10 Possible features)

Insurance-Specific Capabilities
(0 Yes /0 Known /10 Possible features)

Implementation & Support
(0 Yes /0 Known /10 Possible features)

Cost & Commercial Terms
(0 Yes /0 Known /10 Possible features)

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Automated Journal Entry Posting Ability to automate and schedule journal entries to various ledgers.		No information available
Account Reconciliation Automation Automatically matches and reconciles account balances across systems.		No information available
Intercompany Elimination Automates the process of eliminating intercompany transactions for consolidated reporting.		No information available
Trial Balance Automation Enables real-time automated generation and validation of trial balances.		No information available
Sub-ledger to GL Reconciliation Automates and manages reconciliation between sub-ledgers and the general ledger.		No information available
Accrual Management Automates the accrual calculation and posting for period-end.		No information available
Suspense Account Monitoring Automatically monitors, tracks and resolves suspense account entries.		No information available
Reconciliation Templates Provides customizable templates for different account types and reconciliations.		No information available
Bulk Close Operations Ability to close multiple entities, books, or business units simultaneously.		No information available
Soft Close Capability Allows interim closing of ledgers before final close for review purposes.		No information available
Number of Supported Ledgers Maximum number of separate general ledgers supported in the platform.		No information available
Custom Workflow Support Ability to define and automate multi-step close workflows tailored to organizational needs.		No information available
Automated Adjustments System identifies and automatically posts adjustment entries as needed.		No information available
Close Task Checklists Provides configurable, tracked checklists to ensure all close tasks are completed.		No information available
Close Calendar Management Helps manage and visualize close timelines, milestones, and dependencies.		No information available

ERP Integration Direct connectors or APIs for major ERPs (e.g., SAP, Oracle, Microsoft Dynamics).		No information available
Data Import Automation Scheduled or on-demand data imports from multiple source systems.		No information available
Real-Time Data Sync Synchronizes financial data in real-time or near real-time.		No information available
Data Validation Rules Customizable controls to validate data integrity during the close process.		No information available
Data Transformation Tools Features to map, clean, and transform data for compatibility with various systems.		No information available
File Format Support Range of supported data file formats (Excel, CSV, XML, etc.).		No information available
Integration with Document Management Systems Direct integrations with platforms like SharePoint or Box for supporting documents.		No information available
API Access Availability of RESTful, SOAP or GraphQL APIs for integration and automation.		No information available
Bulk Data Processing Speed Rate at which the platform can process and import bulk data.		No information available
Audit Trail for Data Changes Tracks all changes made to imported or exported data.		No information available
Manual Data Entry Support Ability for users to manually upload, enter, or amend data as needed.		No information available
Master Data Management Integration Supports connectivity to centralized master data systems.		No information available

Segregation of Duties Ability to enforce separation of roles for critical processes.		No information available
SOX Compliance Features Built-in controls and checklists for Sarbanes-Oxley compliance.		No information available
Audit Trail Comprehensive logging of user activity and changes to financial data.		No information available
Policy Enforcement Ability to enforce close process policies and escalation rules automatically.		No information available
Attestation Processes Enables formal certification/attestation of reconciliations and close tasks.		No information available
Approval Workflows Configurable approval flows for journal entries and reconciliations.		No information available
User Access Controls Granular controls over user roles and access to data/features.		No information available
Automated Controls Testing Features for periodic test and verification of key controls.		No information available
Compliance Reporting Pre-built and customizable reports for regulatory compliance.		No information available
Change Management Tracking Tracks all changes to process configurations, rules, and templates.		No information available
Retention Policy Management Automates application of document/data retention policies.		No information available
Sensitive Data Masking Automatically hides or redacts sensitive financial information.		No information available

Workflow Engine Configurable process flows with automated assignment and hand-offs.		No information available
Task Automation Automates repetitive tasks like reconciliations, reminders, and calculations.		No information available
Exception Handling Automates identification and escalation of exceptions or breaks.		No information available
Automated Notifications Sends alerts and updates based on process events or deadlines.		No information available
Parallel Processing Support Allows tasks to be completed in parallel, speeding up the close.		No information available
Scheduling Tools Configurable schedules for automated run of close activities.		No information available
Business Rule Automation Ability to define and apply custom business logic for process flows.		No information available
Role-based Task Assignment Automated assignment of tasks to users based on roles, workload, or rules.		No information available
Performance Monitoring Real-time tracking of process progress and blockers.		No information available
BPMN Support Compatibility with BPMN standard for documenting business processes.		No information available

Standard Financial Reports Pre-built templates for key financial close and reconciliation reports.		No information available
Custom Report Builder User-friendly interface to create custom reports and visualizations.		No information available
KPI Dashboards Live dashboards tracking close metrics (cycle time, open items, bottlenecks, etc).		No information available
Drill-down Capabilities Ability to move from summary data into details and source transactions.		No information available
Variance Analysis Tools Automated tools to identify and analyze variances in financial results.		No information available
Export Options Range of export formats and direct integration to BI tools.		No information available
Real-time Close Progress Tracking Live display of process completion, overdue tasks, and status indicators.		No information available
Report Scheduling Automated, periodic report generation and distribution.		No information available
User-defined KPIs Flexible creation and monitoring of custom close-related metrics.		No information available
Benchmarking & Trend Analysis Uses historical data to benchmark closes and spot long-term trends.		No information available

Role-based Dashboards Personalized views for different user types (controllers, accountants, reviewers, etc.)		No information available
In-app Collaboration Features like commenting, notes, and attachments within the close process.		No information available
Mobile Access Responsive web/mobile app interfaces for completing close tasks remotely.		No information available
User Training Modules Integrated tutorials, training content, and help guides.		No information available
Multi-language Support Availability in multiple languages for global teams.		No information available
Multi-currency Support Compatible with multiple currencies, conversion rates, and reporting requirements.		No information available
Personalized Task Lists Each user sees their own prioritized and assigned tasks.		No information available
Bulk Actions Perform multiple actions (close, approve, assign) at once to speed work.		No information available
Accessibility Compliance Meets standards like WCAG 2.1 for accessible digital experiences.		No information available
Integrated Chat/Message System Instant messaging for contextual collaboration within the platform.		No information available

Data Encryption Encrypts data in transit and at rest using industry-standard protocols.		No information available
Multi-factor Authentication Enhances platform access security via MFA/2FA options.		No information available
Regular Security Audits Platform undergoes periodic third-party or internal security testing.		No information available
Disaster Recovery SLA The committed time within which systems are restored after a disaster.		No information available
Data Backup Frequency How often the platform conducts full backups.		No information available
User Session Management Automatic log-off and session control features.		No information available
Security Certifications Possession of industry recognized certifications (e.g., ISO 27001, SOC 2).		No information available
Granular Permission Settings Detailed controls for access to objects, fields, and actions.		No information available
Audit Log Retention Length of time audit logs are retained and accessible.		No information available
Single Sign-On Integration Supports SSO via SAML, OAuth, or Active Directory.		No information available

Concurrent User Capacity Maximum simultaneous users supported without loss of performance.		No information available
Supported Entities/Business Units Maximum organizational units/entities handled within a single deployment.		No information available
Close Cycle Time Reduction Typical reduction in close time when using the platform.		No information available
Data Storage Capacity Maximum financial and supporting data storage available per instance.		No information available
Load Balancing Support System remains performant during peak workloads through automated load balancing.		No information available
Performance Monitoring Tools Built-in analytics for tracking system response and throughput.		No information available
Batch Processing Throughput Maximum number of records processed per hour in batch operations.		No information available
API Rate Limits Maximum number of API calls per time unit.		No information available
Geographic Distribution Support for distributed teams and operations across multiple regions.		No information available
Flexible Deployment Models Options for SaaS, on-premises, or hybrid deployments.		No information available

Regulatory Reporting Templates Pre-built templates for statutory, regulatory and NAIC (US) or Solvency II (EU) disclosures.		No information available
Policy-to-Ledger Reconciliation Automated tools to reconcile policy systems with accounting ledgers.		No information available
Claims Reserve Calculations Supports actuarial reserve calculations and integration with actuarial systems.		No information available
Investment Accounting Integration Automated feeds from investment management systems to GL/reconciliation.		No information available
Multi-GAAP Support Handles US GAAP, IFRS 17, and other insurance accounting standards.		No information available
Reinsurance Agreement Tracking Automated reconciliation for ceded/premium for reinsurance contracts.		No information available
Premium Receivable Reconciliation Reconciles policy premium receivables automatically.		No information available
Claims Payments Tracking Reconciles actual claims payments against reserves and accounting entries.		No information available
Product/Line of Business Segmentation Allows close data and reporting by product or line of business.		No information available
Regulatory Filing Automation System automates the population and e-filing of regulatory reports.		No information available

Implementation Time Typical time frame required to deploy and go live.		No information available
Onboarding Assistance Dedicated onboarding and migration support.		No information available
24/7 Customer Support Support availability around the clock (live chat, call, or ticket).		No information available
Knowledge Base Comprehensive self-serve documentation and troubleshooting guides.		No information available
Dedicated Account Manager Provides an assigned point of contact for ongoing support and escalation.		No information available
SLAs for Issue Resolution Guaranteed maximum times for critical and non-critical issue resolution.		No information available
User Community Forums Active community or user groups for peer support.		No information available
Training and Certification Programs Structured courses and certifications for users and admins.		No information available
Partner Network Ecosystem of third-party implementers and solution partners.		No information available
Upgrade/Release Frequency How often platform releases major product enhancements.		No information available

Transparent Pricing Model Clear, published or easy-to-understand pricing (vs. custom quotes only).		No information available
Modular Pricing Option to pay only for needed modules or features.		No information available
Free Trial Availability Ability to try the software at no initial cost for a limited period.		No information available
Per User Licensing Licensing and cost scales with number of users.		No information available
Transactional Pricing Option Option for pricing based on volume of transactions processed.		No information available
Implementation Fees One-off fees for initial setup or configuration.		No information available
Ongoing Maintenance Costs Annual/monthly fees for support, updates, and hosting.		No information available
Discounts for Multi-year Commitments Reduced pricing available for longer contracts.		No information available
Flexible Contract Terms Monthly/annual options; early termination and upgrade/downgrade policies.		No information available
Cost Predictability All-in costs clearly outlined with minimal hidden fees.		No information available

Oracle Financial Close and Reporting Cloud from Oracle Financial Services

Product analysis by function

Financial Close Automation Systems for Finance and Accounting

Core Financial Close Functionality (0 Yes /0 Known /15 Possible features)

Integration & Data Management (0 Yes /0 Known /12 Possible features)

Controls & Compliance (0 Yes /0 Known /12 Possible features)

Process Automation & Orchestration (0 Yes /0 Known /10 Possible features)

Reporting, Analytics & Visualization (0 Yes /0 Known /10 Possible features)

User Experience & Collaboration (0 Yes /0 Known /10 Possible features)

Security & Disaster Recovery (0 Yes /0 Known /10 Possible features)

Scalability & Performance (0 Yes /0 Known /10 Possible features)

Insurance-Specific Capabilities (0 Yes /0 Known /10 Possible features)

Implementation & Support (0 Yes /0 Known /10 Possible features)

Cost & Commercial Terms (0 Yes /0 Known /10 Possible features)