1. Wallpaper only – on screen during welcome and chat

2. Introductions

3. Financial Consolidation and Close Cloud
Consolidate and Report With Confidence

4. 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?

5. Some facts
86%
use Excel or 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

6. 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

7. 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

8. 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

9. #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.

10. Account Reconciliation Cloud
Next Generation Account Reconciliation

11. 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 . 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.

12. 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 . 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

13. 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

14. 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 . It is a real timewaster in the financial close process.

15. Thank you for
listening!
close