Often companies have to manage the extended financial close process using offline spreadsheets, emails and phone calls.  This can be both laborious and time consuming, slows down the process and makes it more error prone.  There are also a large number of diverse tasks to be undertaken which vary from person to person.  Tasks range from closing out sub-ledgers at month end and submitting the results to delivering financial filings to the various regulatory bodies.  This process is very complex to manage and too important to control using offline manual processes.

Oracle Hyperion Financial Close Management provides the tools to centralise the management of all period-end close activities.  This replaces traditional, manually maintained spreadsheets and checklists with dynamic dashboards that give users the ability to immediately view and act on information.

Key Benefits

• Optimised close process —users can analyse closing cycle processes to drive out inefficiencies and delays, resulting in significant reductions in close time
• Increased collaboration—advanced workflow features notify users of tasks and enable systemwide communication
• Enhanced user productivity—full integration with Microsoft Office means that users are familiar with the technology and can easily manage tasks in their chosen calendar
• Improved transparency and compliance—assigned tasks and extensive task reporting help reduce the cost of compliance

To understand how Oracle Hyperion Financial Close Management can improve the efficiency of your financial close cycle, contact us today.  Call 0203 411 0140