• There are no suggestions because the search field is empty.

Sign-up to get the latest news and update information. Don't worry, we won't send spam!

Oracle EPM
Account Reconciliation

Optimize your closing process through automation

Licenses, Consulting, Implementation, Training & Support
We are looking forward to advise you!

Account Reconciliation (ARCS)

Optimize account reconciliation by comprehensively overlooking risk, efficiently managing the global account reconciliation process, and using intelligent automation.

Oracle Account Reconciliation (formerly ARCS)

Service simplifies and accelerates this process for companies by automating the process as much as possible and providing the users involved in the process with tools to collaborate as effectively as possible.

Since the account balance is only valid at a certain point in time and the terms and conditions are constantly changing, it is important that a detailed reconciliation takes place. In addition, companies can face stiff penalties for non-compliance.

The account reconciliation with Oracle EPM Cloud described here consists of two modules: Reconciliation compliance and Transaction reconciliation.

Compliance with reconciliation guidelines

Reconciliation Compliance

Reconciliation Compliance helps you manage account reconciliation processes, including active balance sheet reconciliations, consolidation system reconciliations, and other reconciliation processes.

Reconciliations can be performed at any level that makes sense for the business. For example, you could perform one reconciliation by business unit or company code, while performing another reconciliation at the department level. An administrator can create various mapping rules to assign account balances to reconciliations and, when importing balances, ensure that they appear in the correct reconciliation based on those rules.

The administrator sets up the reconciliation lists, which include the balances to be reconciled, as well as account descriptions, instructions, due dates, and completion dates. Email notifications are sent to remind other users that due dates are approaching or that reconciliations can be made

A computer screen with a financial dashboard.
Transaction Matching

Transaction Matching is an integrated account reconciliation module and the perfect complement to existing reconciliation compliance functionality.

With Transaction Matching, organizations can automate the execution of high-volume, high-workload reconciliations and seamlessly integrate those results with Reconciliation Compliance’s tracking capabilities.

By adding this powerful new module, companies save additional time in performing reconciliations while improving quality and reducing risk.

A computer screen showing a dashboard with graphics.
Overview: Tour of Account Reconciliation in EPM Cloud (English)