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

Hyperion 11.2, WebLogic 12 & SYSDBA

March 5, 2021 Posted by: Tony Moyers Categories: Cloud Computing, Oracle No Comments Hyperion 11.2, WebLogic 12 & SYSDBA   Overview With the use of WebLogic 12 in the Hyperion 11.2 environments we now have new database requirements that weren’t present in earlier versions. It’s necessary to be aware of these requirements and prepare for

Leveraging Hybrid BSO on EPM Planning Cloud

February 10, 2021 Posted by: Tom Stehura Categories: Cloud Computing, Oracle No Comments Leveraging Hybrid BSO on EPM Planning Cloud   Overview At PARC consulting, we have implemented Hybrid BSO in Planning with several clients since its inception in mid-2019. The Hybrid BSO engine provides the benefits of block storage functionality with the ease of

Moving from Essbase On-Premises to Cloud

February 2, 2021 Posted by: Jim Kromer Categories: Cloud Computing, Oracle No Comments Moving from Essbase On-Premises to Cloud Overview PARC consulting has both on-premises and cloud-based Essbase customers, and we are seeing an industry trend toward moving Essbase to the cloud. In addition, Oracle is heavily promoting its cloud offering as a key part

Partners

Oracle Gold Partner Cloud Standard

How can we help you?