Schedule an Oracle ARCS Demo
Obtain visibility into performance and the qualification process
Account reconciliation still remains one of the biggest bottlenecks for companies in terms of time and effort. According to a study by Dynamic Markets, 25 percent of corporate respondents said that account reconciliation was responsible for delays during their financial close period — more than any other issue, including audit trails and executive certification.
In the face of these difficulties and delays, businesses need a solution that can automatically manage the account reconciliation process from start to finish.
When you’re considering moving to Oracle’s Account Reconciliation Cloud Service (ARCS) platform, it helps tremendously to have an idea how the platform looks.
Our expert EPM consultants have done hundreds of implementations and can walk you through exactly what you’ll want to know about the ARCS.
Our demo includes comprehensive walkthroughs of ARCS:
- Features & functionality
Oracle’s Account Reconciliation Cloud Service is a cloud-based platforms designed to help organizations manage their entire global reconciliation process. Obtain visibility into performance and the qualification process while streamlining and optimizing tasks to save time and reduce the potential for risk. Benefits include:
- Unified platform: Rather than lying scattered across any number of Excel spreadsheets, financial data is uploaded into a single unified platform, allowing everyone who needs access to view, edit, and share in real time.
- Automated tasks: Oracle ARCS can use transaction matching and other automated functions to reduce employees’ workloads. Rule-based thresholds allow businesses to define for themselves when certifications and risk assessments should be performed.
- Data integration: Manual account reconciliation often requires inefficient, slow processes pulling in people from many different departments. Oracle ARCS solves this problem by allowing users to automatically source data from other Oracle software and other enterprise resource planning systems.
- Better security: Financial information is some of the most sensitive data that organizations possess. Oracle ARCS makes it easy for organizations to control who has access to which data, giving them the peace of mind and regulatory compliance that they need.
- Analytics and insights: Organizations that understand their successes and shortcomings are better-suited to outperform themselves in the future. Oracle ARCS includes powerful reporting, monitoring, and analytics capabilities to give users real-time visibility into their performance.
- Mobile-friendly interface: The cloud-based nature of Oracle ARCS means that it can accommodate employees’ needs for flexible access. Users can access the software either through the web or their mobile devices at any time and place of their choosing.
Discover how ARCS can streamline, quicken, and increase the accuracy of your account reconciliation process with a free demo. Fill out the form and we’ll contact you to schedule a demonstration of ARCS.
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Datavail is an Oracle Partner with 17 specializations backed by a dedicated team with expertise in consulting, implementations Oracle EPM Cloud and Hyperion performance management via our APM software solution.