Financial Close & Consolidation

Elements of Financial Close & Consolidation

With fierce competition in today’s dynamic marketplace, there is no leeway for mistakes, inefficiency or lack of compliance in your organization. With these factors in mind, accuracy and reliability are the most important hallmarks of a consolidation solution.

Creating repeatable processes is fundamental to improving reliability and driving accuracy. At PARC, we purpose-build our close and consolidation solutions to meet your company’s specific needs. These successful implementations improve budget cycle times, increase regulatory compliance, reduce business risk and external audit costs.

Consolidation

Optimize required time for accounting’s financial close calendar by automating process and related activities

Account Reconciliation

Efficiently manage and improve global account reconciliation by exploiting automation and comprehensively addressing security and risk typically associated with the process

Tax Provisioning

Enhance efficiency by combining information from corporate ERP and financial consolidation systems to address US GAAP, IFRS, and statutory tax reporting requirements

Reporting

Increase transparency in your financial close process by simplifying your management and regulatory reporting process

Insights

Cybersecurity Checklist for Small & Mid-sized Businesses

Whether you’re vetting managed security providers or assessing your current cybersecurity strategy, understanding the basics of a layered approach is important to make the right decisions for your company. A complete cybersecurity checklist would be ever evolving as technology and cybercrime are rapidly changing, but below are some of the key factors to consider as you begin your research.

Oracle EPM Cloud Update – Sep’21 (21.09)

The below changes are scheduled to take place during the first nightly maintenance period after 2AM ET on Saturday Sept 4, 2021 (test environments) and on or after 2AM ET on Saturday, Sept 18, 2021 (production environments).

CompleteCloud Vs. GCC High

As a company that provides high technology engineering services to the US Army, US Air Force, USMC, US Navy, and the Australian Defense Force, meeting cybersecurity standards was crucial to winning DoD contracts and maintaining a competitive advantage.

Partners

Oracle Gold Partner Cloud Standard

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