Oracle EBS General Ledger Consolidation Simulator

Financial Closing for Large Companies involves complex, reiterative processes, of which consolidation is a crucial component. An automated TRAC (Timely, Reliable, Accurate, and Complete) system integration is essential to ensure a smooth closing cycle. Triniti helps customers automate and streamline their closing cycle using the Financial Consolidation Simulator.


Typical Close Cycle

Accountants babysit the following processes many times a day during the close cycle, typically lasting 20 days

  1. Prepare, Review, Approve, and Post Journal Entries
  2. Run and Review Revaluations, Translations, Eliminations, and Allocations in General Ledger
  3. Run Standard Consolidation
  4. Prepare and Publish Financial Statements and Reports

In addition to this cumbersome effort, accountants review each consolidation and rerun consolidations' sub-processes when required.


Finance Consolidation Simulator (FCS)

FCS is a simple and powerful simulation tool that helps accountants generate multiple consolidation forecasts (both periodic and on-demand). FCS uses Oracle standard consolidation rules to create the ledger snapshot and generates financial statements and reports.
 

oracle GL consolidation simulator



FCS Benefits

  • Be Up and Running in No Time
  • No additional Infrastructure
  • Increased Availability of Consolidated Balances to C-Suite Professionals
  • Faster Close Cycles with Less Effort and Improved System Performance
  • TRAC(Timely, Reliable, Accurate, Complete) Consolidation
  • Reduced Risk of Duplicate/Missing sub-processes
  • Improves and Builds Significant Credibility for Audits
  • Drives consolidation efficiencies and reduces human errors by automating the consolidation and reporting process end-to-end


Features

  • User Friendly control Center to schedule, sequence, and monitor End to End Close Process
  • Upgradeable Finance Consolidation and Close Framework to accommodate Custom requirements
  • Configurable Closing Calendar based on the Fiscal Calendar
  • Supports Complex Consolidation for User Intuitive Journal Reclassification
  • Supports Attribute Configuration and Translation for all Chart of Accounts segments
  • Supports Alert Configuration and Management
  • SOX Compliant Audit Trail
  • Consolidation Snapshots Comparisons
  • Easy & Quick integration with External Reporting Tools

Data Lakes

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