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Are you managing your monthly accounting close or your quarterly forecast using an
EXCEL SPREADSHEET?
BUSINESS PROCESS MANAGEMENT i s b u i l t i n t o O r a c l e E n t e r p r i s e P e r f o r m a n c e M a n a g e m e n t ( E P M ) C l o u d a n d c a n h e l p y o u m a n a g e y o u r a c c o u n t i n g a n d f i n a n c e o p e r a t i o n s l i k e a p r o j e c t e a c h m o n t h . H e r e a r e f i v e w a y s .
Are you managing your monthly accounting close or your quarterly forecast using an
EXCEL SPREADSHEET?You are not alone! Many accounting and finance teams manage their
recurring business cycles using time consuming processes such as
spreadsheet checklists, back-and-forth phone calls, and endless
emails. It doesn’t have to be this way: optimize these processes by
converting checklists into a solution that assigns ownership and
automatically monitors the process.
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1 REPORTING WORKFLOW in Oracle EPM Cloud Narrative Reporting
Narrative Reporting subdivides a complex reporting deliverable in PowerPoint, Word, or a PDF such
as a management briefing, earnings release, or annual report into its distinct pieces.
In NARRATIVE REPORTING, you can break a complex document into its pieces and then manage the author, review, and distribution process in a project-plan-like workflow.
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2TASK LISTS in Oracle EPM Cloud Planning
Task lists provide your budgeters and forecasters a real-time job-aide to step a planner
through the planning processes: review last month’s actuals, update volumes,
enter expenses, and more.
PLANNING TASK LISTS are easy-to-follow job-aides you can follow on the web or in Outlook.
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3 PROCESS APPROVALS in Oracle EPM Cloud Planning
Oracle EPM Planning includes a built-in workflow engine to take a completed forecast or budget
through an administrative review.
PLANNING APPROVALS is a built-in workflow to coordinate the review of budget and forecast submissions.
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4WORKLISTSin Oracle EPM Cloud Account Reconciliation
Oracle Account Reconciliation Cloud Service inventories all account reconciliations in one place and
provides an online task list and workflow for everyone. Once a list of account reconciliations is loaded,
owners and deadlines can be assigned to the account rec burn-down list and are given visibility
on what recs are completed and/or falling behind.
Assign each account reconciliation to a team member and monitor progress using the ACCOUNT RECONCILIATIONworklist.
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5 TASK MANAGER in Oracle EPM Cloud Financial Close and Consolidation
Task Manager combines and interweaves manual tasks and system-based events. This
dependency-based automation saves time by eliminating the lags between steps. An example
might be: “When the GL team completes the AP to GL reconciliation, automatically check off the
reconciliations in the close calendar.” Likewise, having the next task kick-off and notify the next
person in line saves time, phone calls, and emails.
TASK MANAGER’S worklist view makes sure everyone involved understands his tasks and deadlines.
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ONE SUBSCRIPTION — many ways to improve your accounting and finance operations!
Oracle Cloud EPM makes it easy to continuously improve your process. An Oracle Cloud EPM subscription
includes all these capabilities. How do these capabilities compare?
Reporting Workflow Task Lists Approvals Process Reconciliation Worklist Task Manager
Oracle EPM Cloud Tool Narrative Reporting Planning Planning/Financial Close Account Reconciliation Financial Close
PurposeGuide collaborators on the steps to compile a complex document
Provide task-level guidance on how to complete a budget or forecast
Capture formal approvals as the organization completes its budget, forecast, or consolidation
Guide an accountant through open tasks during the reconciliation process
Guide entire organization through the fiscal close or other critical financial business cycles
Email Notification & Alerts Yes Yes Yes Yes Yes
System can deal with out-of-office/missed-deadlines
YesNo — It’s meant to help guide a person through the process
Yes Yes Yes
Leaders can manage the overall process from a dashboard
Yes Yes Yes Yes Yes
Cool FeaturesIntegrates to-do tasks directly into Microsoft Outlook
Can kick-off automated processes in your ERP, planning, or reporting systems as certain events are hit
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Alithya is a North American leader in strategy and digital transformation.
The company employs thousands of professionals in the United States,
Canada, and Europe. Alithya’s integrated offer is based on four pillars of
expertise: business strategies, enterprise cloud solutions, application
services, and data and analytics.
Alithya is one of the largest Oracle partners in North America, with more
than 1,000 customers and more than 3,000 Oracle ERP, EPM, HCM, SCM
and Analytics projects completed across North America and Europe. An
Oracle partner for more than 25 years, Alithya’s base of expertise includes
more than 200 certified consultants and Oracle ACEs, and the company
contributes in an advisory role to the Oracle Product Development team.
10Alithya.com
Alithya is a North American leader in strategy and digital transformation with resources in the United States, Canada, and Europe that deliver on four pillars of
expertise: business strategies, enterprise solutions, application services, and data and analytics. Alithya’s Oracle practice provides advisory, implementation and managed
services for ERP, EPM, HCM and analytics.
+1.914.253.6600alithya.com
Contact us to learn more about how Alithya
and Oracle Cloud Enterprise Performance
Management (EPM) can help you manage
your accounting and finance operations
each month and continually improve
your process to save time and
resources.