CENTRALIZED CHART-OF-ACCOUNTS MANAGEMENT WITH ORACLE CLOUD

MAKE A SINGLE CHANGE TO YOUR CHART-OF-ACCOUNTS AND SEAMLESSLY DEPLOY IT

Performing manual, time-consuming updates is tedious and unproductive. Too often it’s your only option if financial and operational planning systems deployed over time have created loosely integrated chart of accounts.

Leveraging Oracle Cloud EPM and Enterprise Data Management Cloud Service (EDMCS), Alithya can help you centralize chart-of-accounts management across financial, operational, and planning systems to help shorten the fiscal close process; reduce cost, time and effort; and boost the credibility of accounting and finance with more accurate financial results.

Implement centralized chart-of-accounts management to address these challenges:

It takes several days and people to make a routine chart-of-accounts change, such as adding a new cost-center, legal entity, or product.
Chart-of-accounts changes result in frequent errors, causing delays to the fiscal period close.
Finance cannot understand the impact of a proposed change before making it. There is little ability to understand which systems, reports, and calculations will be impacted by a chart-of-accounts update.
Reports, data-integrations, calculations, or allocations stop working after a chart-of-accounts update because not all required fields were updated.
Accounting finds it difficult to integrate and map a new acquisition’s trial balances to the corporate chart-of-accounts.

Webinar: EDM for Business Transformation

Listen to this webcast replay hosted by an Oracle ACE to discover how to redesign your chart of accounts and more with Oracle Enterprise Data Management (EDM).

Please contact us for more information about Alithya Chart of Accounts Management that leverages Oracle EPM and Oracle EDMCS.