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Leading company in technology services and applications consulting, with more than 30 years making history in the Panamanian market.

With more than 25 years representing the best database and technology manufacturer in the world, Oracle, as a Platinum Partner.

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Financial consolidation and
closing successes

Get up and running quickly with built-in best practice functionality, including dynamic calculations.

Reduce your need for customization because cash flow, balance sheet, income statement, transfers, calls to action and more are calculated automatically.

Shorten the time it takes to comply with global reporting requirements, including International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) with a preconfigured consolidation model.

 

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Learn what's new in the latest version of EPM

Service for multinational companies, with subsidiaries in different countries, that need to present consolidated financial information. We offer the management of financial information in an optimal way, supporting, in an integral way, the financial consolidation process of a group of companies, which allows unifying information from different sources, of real data as in budget scenarios, forecasts, statistics, simulations.

 

Profits:

  • Reduction of the margin of error of the processes and manual adjustments.
  • Auditable process.
  • Reduction of the consolidation cycle and presentation of consolidated financial statements.
  • Management of exchange rate conversion.

Oracle Cloud EPM Consolidation and Financial Closure

Predefined Best Practices

start fast

Get up and running quickly with built-in best practice functionality, including dynamic calculations.

Meet your needs without customization

Reduce your need for customization because cash flow, balance sheet, income statement, transfers, calls to action and more are calculated automatically.

Easily meet global reporting requirements

Shorten the time it takes to comply with global reporting requirements, including International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) with a preconfigured consolidation model.

Global consolidation and closure, advanced

Perform complex consolidations

Increase the accuracy and speed of the close process by reclassifying, adjusting, and deleting data for any hierarchy with pre-built consolidation support. Easily work with the most complex legal and administrative rollups that may have unique reporting and calculation requirements.

 

Manage KPIs

Manage closure by automatically tracking key metrics across the organization. You can use out-of-the-box calculations or easily create them for specific business requirements.

 

Automate intercompany removals

Reduce manual work by using cross-company standard automatic deletions. There are additional capabilities to customize if needed.

 

Foreign Currency Translation

Increase consolidation accuracy by using standard or customizable foreign currency translation.

Consolidate globally

Consolidate your global organization with GAAP-based applications that have full monetary support, intercompany eliminations, equity eliminations, adjustments, and detailed data source tracking.

Intelligent Process Automation (IPA)

Automate consolidations

Gain efficiencies with advanced technologies that automate consolidations in the background, eliminating manual effort.

Organize a connected closure

Streamline end-to-end closing with automated process monitoring, integration, and workflow capabilities. Centrally manage and publish journals directly to any general ledger.

Automate narratives in reports

Reduce time and add information to reports by generating narrative feedback.

Compliance and transparency

 

Enable audit compliance

Provide transparency and audit compliance for tasks such as journal adjustments with enforced segregation of duties, data changes, visible calculations, and user activity logging. Always see what changes have been made and who has made them.

 

Incorporate complementary data

Provide a complete picture of statement balances by collecting supporting details. Easy-to-create templates help with signatures, validations, and drill-down from the source to create footnotes, parse statements, and track detailed information.

Case of success

Download a Financial Consolidation brochure




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