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Enabling Accounting Transformation through Oracle ...
In today s interconnected world, organizations are challenged to respond in a timely fashion to complex business issues such as changes due to mergers and acquisitions, frequent regulatory changes, compliance challenges, gaining visibility across multiple entities, and near real-time reporting. The top three financial imperatives for organizations today are: Reduce total cost and delays in financial presentation (Closure, Reporting and Filing) Improve visibility to top management across the presentation cycle Eliminate reliance of offline processes on financial presentation cycle Best inClassMetrics Percentage of new source systems on-boarded Percentage of workdays reduced due to automation Percentage increase in frequency of General Ledger postings Time to resolve, reconcile and close financial processes Improved adoption levels to multi GAAP/IFRS Improved time-to-value in Mergers and Acquisitions Optimized total cost of financial presentation Improved compliance and audit Unified Accounting policies and rules Pre-built Accounting event model Pre-configured industry reporting attributes Business growth &agili
Title: Enabling Accounting Transformation through Oracle Financial Accounting Hub (FAH) Author: Cognizant Technology Solutions Subject: Oracle Financial Accounting Hub (FAH) is a finance transformation solution from Oracle that helps organizations achieve their financial imperatives.
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