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Financial Consolidation and Close Cloud Consolidate and Report With Confidence

50% of companies increased staff in the last Did you know? More than 70% of companies have more than 5 reporting standards 50% of companies increased staff in the last 3 years to keep up with requirements 50% of companies increased staff in the last 3 years to keep up with these requirements. - IFRS GAAP Financial Services: additional, As companies grow, enter new markets and develop new products and services, they inevitably face greater complexity. Greater business complexity is mirrored by greater reporting complexity. Therefore, as complexity rises, companies face the need to upgrade their reporting infrastructure Now the question is: Can you afford to continually increase headcount? How do you plan to handle the increased reporting requirements?

Some facts 86% use Excel or e-mail to track the financial close, reporting, and filing process 27% say that they are highly effective at efficiency of production in corporate reporting 68% State they have inadequate visibility across the close 25% Surveys carried by Accenture, EY, Oracle, Hackette 57% say that data found outside their G/L (i.e. non-financial data) is greater than 25% of their filing requirements. How are you handling the entire close process? As a consequence only ¼ of the interviewed accountants feels they are effective in producing corporate reporting, nor effective at speed of closing. According another survey, by the Hackette group this time, Top performers in the account to reporting process satisfy their reporting needs with less than half of the FTEs, so with less cost but also with an increased reliability, being less point of failure in place. Say they are very effective at speed of closing. 57% Say Non-Financial data is greater than 25% of required Filings

Do you have … A desire to streamline your close and perform more analysis on the results without increasing headcount? A single source for both financial & non-financial information? Insight to real-time status of your close & a means of reviewing performance for continuous improvement opportunities? A single source for both financial & non-financial information? - Financial Close: Close Manager integrated with FCCS

Consolidate and Report With Confidence Oracle Financial Consolidation and Close Cloud Service A single source for both financial & non-financial information? - Financial Close: Close Manager integrated with FCCS Best Practice Consolidation Out-of-the-Box Comprehensively Address the Extended Close Process Integrated, Secure and Auditable

COMPLETE CLOSE SOLUTION OUT OF THE BOX SaaS Pricing: $250 / month Best Practice Consolidation Out-of-the-Box Pre-packaged Dashboards Comprehensively Address the Extended Close Process Integrated, Secure and Auditable Speaker Notes: Oracle Financial Consolidation and Close Cloud Service is a solution that can be configured to fit individual organizations’ requirements. Using best practices, coupled with pre-seeded content the system allows organizations to build an application that meets their business needs without having extraneous functionality that are not required. It enables organizations to combine a world class consolidation solution with the ability to tailor the solution for the features they require. Key Business Benefits Best practices out-of-the-box to get up and running quickly • A configurable and upgradable consolidation and close framework to tailor the solution to specific requirements • Easy to use • Easy to maintain • An end to end consolidation and close solution • Powerful analytics, dashboards, reports, and analysis for unparalleled insight • No infrastructure investments required Centralized Audit Information to reduce effort

#1 non-data related delay in the close process. Did you know? The Account Reconciliation process is the #1 non-data related delay in the close process.

Account Reconciliation Cloud Next Generation Account Reconciliation

How much time and resource do you expend on Account Reconciliation? More than 60% of companies are manually completing reconciliations. People in the finance function know Account Reconciliation is a real bottleneck process. It involves lots of people and is often done manually with spreadsheets and email. It is a real timewaster in the financial close process. Amazon now reconciles and reports on 16,000 accounts every day of the close process (rather than only once or twice a month) provided much needed visibility and accuracy, and enabling them to close in one hour. 80% of accounts are now reconciled automatically without intervention.

Do you have… A manual account reconciliation process? A desire to streamline your close and perform more analysis on the results? Visibility into what accounts present the most risk? Insight to real-time status of your close & reconciliation process? People in the finance function know Account Reconciliation is a real bottleneck process. It involves lots of people and is often done manually with spreadsheets and email. It is a real timewaster in the financial close process. Account Reconciliation Cloud is dedicated to helping customer’s solve their global reconciliation needs through robust data integration and mappings, automated and manual reconciliations and robust reporting. Offering robust support for global organization and shared service centers, Account Reconciliation Cloud is able to match any company’s business and technological needs. Key Features Balance integration using with a variety of ERP systems Mapping features to summarize low-level balances to the level appropriate for reconciliation Auto reconciliation of authorized zero balance accounts and balance comparison accounts Easy to use features for maintaining reconciliation assignments, including mass update and import capabilities Configurable frequencies and unlimited levels of approval Flexible formats adaptable to each type of account Powerful filtering and reporting capabilities

Modernize Your Account Reconciliation Oracle Account Reconciliation Cloud Service Speaker Notes: This slide sets up the messaging we want to promote as these points play to the unique value our solution offers. This is a key slide in the presentation and we have included notes for you. It is important you review and learn these notes to set up the challenges Exploit Automated Account Reconciliation Challenges Many organizations have to perform 1000s of account reconciliations every month Manual process requires considerable resources, take too long and can delay the financial reporting process Multiple managers and finance staff are involved Efficiently Manage the Process Inefficient, manual processes Many people involved across different departments Insufficient justification or documentation Lack of modern tools for the job Comprehensively Address Security and Risk Missing or lost reconciliations Un-reconciled accounts that are material Many types of sensitive data across many people, need for secure access Enable Automated Account Reconciliation Efficiently Manage the Process Comprehensively Address Security and Risk

RAPID GO LIVE AT MINIMAL COST SaaS Pricing: $120 / month Balance integration using with a variety of ERP systems Mapping features to summarize low-level balances to the level appropriate for reconciliation Analytics show process trends and direct to areas for improvement People in the finance function know Account Reconciliation is a real bottleneck process. It involves lots of people and is often done manually with spreadsheets and email. It is a real timewaster in the financial close process.

Thank you for listening! close www.codecdss.ie