Oracle EPM Cloud Account Reconciliation efficiently manages and improves global account reconciliation through automation and addressing security and risk typically associated with the process. Account Reconciliation includes two modules: Reconciliation Compliance and Transaction Matching. Reconciliation Compliance ensures organization’s accounts are properly reconciled using the correct format while containing thorough and complete justifications. Transaction Matching supports both single and two source reconciliation processes to automate the transaction intensive reconciliations.
- Automate account reconciliation by fully integrating the account reconciliation process into the financial close
- Discover process trends and areas for improvement with reporting and analytics capabilities
- Customize processes with rule-based thresholds for automated certification and risk assessments
- Ensure all accounts are included by integrating data from Oracle and other ERP and EPM systems