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Finance leaders need an accurate reconciliation process that is fast, reduces risks and costs, and ensures regulatory compliance with a clear audit trail. This enables them to spend more time focusing on data analysis and strategic decision making. They must be able to easily identify fraudulent, improper and excessively aged transactions. Account reconciliation is a manual, time-consuming and error-prone process. A robust and integrated, cloud-based account-reconciliation solution allows finance departments to overcome these challenges and operate more effectively.
Account Reconciliation is a purpose-built business process available in Oracle EPM Cloud, designed to manage the global reconciliation process. It provides real-time visibility into the performance of reconciliations, ensuring that all reconciliations prepared are properly qualified. Download this ebook to learn how Oracle ARCS helps companies optimize performance by automating certain reconciliation tasks, including high volume transactional reconciliations and variance analysis.