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Learn How to Modernize the Financial Close Today

Every month, it’s a rush job.   The financial close often requires hundreds—even thousands—of tasks, executed by scores of people working across the business. Then, there’s the double-checking and rework, with the potential for mistakes growing every time someone touches the data.   Sound familiar?   In my work with companies large and small, I often see fragmented processes with manual interventions and disconnected spreadsheets. There is often a lack of clarity as to which are...

Thursday, March 16, 2017 | Read More

New, Global Tax Requirement Pain (BEPS Action13)? We Have the Cure

By Guest Author Marc Seewald, Senior Director, Product Management, Oracle EPM CloudGovernments globally are looking at increasing tax revenues, especially from multinational companies that earn significant revenues incountry, but pay small amounts of local corporate tax. This is leading to more intrusive reporting requirements like country by country reporting (CbCR); however, this is not the only change that you can expect. Globalization continues to drive more scrutiny of...

Thursday, March 16, 2017 | Read More

7 Things Finance Managers Hate about Spreadsheets

By Jennifer ToomeyWe spoke to experienced finance leaders for our latest eBook, “Confessions of a Finance Manager.” They identified 7 reasons why they hate spreadsheets—and one reason why they won’t give them up.1. Templates Get Ignored The planning process usually starts out very organized. Finance will create a template for budget owners, and distribute it to everyone who needs to complete it.But often, that’s where any semblance of control ends. Even when a file is...

Thursday, March 16, 2017 | Read More

3 things to Love About Tax Reporting in the Cloud

Quick question: What do Valentine’s Day and Tax Day have in common Answer: The launch of Oracle’s latest EPM Cloud service—Oracle Tax Reporting Cloud.Three years to the day since the launch of our first EPM Cloud service, we are very excited to announce the availability of our seventh EPM module available in the cloud. Based on our highly successful on-premises tax solution, but completely re-engineered for the cloud, this solution delivers best practice global tax reporting...

Tuesday, February 21, 2017 | Read More

6 Important Things Healthcare Payor and Provider Finance Teams Should Do

Healthcare is a complex business. Whether you are a healthcare payor or a provider, you have cost and revenue/funding complexities that are difficult to track—and therefore, difficult to change. So how can you simplify those complexities to ensure you are getting the biggest bang for your healthcare buck?Put the power in the hands of the business users—not IT. Enable them to analyze data and test scenarios to determine the best ways forward without having to depend on IT...

Friday, January 27, 2017 | Read More

4 Reasons to Refresh Your Narrative Reporting Practices

BY JENNIFER TOOMEY Every organization has a lot more data than it used to. With all this information, you would think preparing reports on operations and performance would be easier. Think again. Reporting has actually become more challenging, for 4 main reasons: Regulations are on the rise across the globe. In the U.S., for instance, bank regulators are currently proposing stricter regulations on large financial institutions to mitigate the risk of cyber-attacks or...

Thursday, January 26, 2017 | Read More

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