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About Oracle Financial Consolidation Hub
Oracle Financial Consolidation Hub Overview
Oracle Financial Consolidation Hub brings together financial data from disparate
sources to create a single, global view of financial information across the entire
enterprise. By providing one consistent view of your enterprise's financial position
across complex organizational boundaries, it enables you to confidently comply with
financial reporting requirements, adapt to changing business conditions, and establish a
basis for ongoing, enterprise-wide performance management. Financial Consolidation
Hub is a key component of Oracle's Corporate Performance Management Suite, a
comprehensive solution for improving performance across all facets of your business.
Complies with Financial Reporting Requirements
Enterprises today are under constant pressure to speed the process of closing their
books, striving to comply with more stringent financial reporting requirements while
seeking faster access to critical business information. Compounding these pressures are
disparate financial systems; complex ownership structures; and multiple business units,
cost centers, or consolidation structures that make consolidating financial data a
manual, time consuming, and resource-intensive process. Financial Consolidation Hub
provides faster processing and deeper visibility into a single source of consolidated
results to significantly help with accelerated reporting, expanded disclosures, and
certified internal controls.
Adapts to Dynamic and Complex Business Conditions
After spending the last decade cutting costs and missing revenue targets, executive
offices worldwide are now pursuing a diversified and sustainable mix of top-line
growth initiatives. Strategies such as tapping into expanding markets or market
segments, moving into adjacent markets, or investing in completely new markets
require flexible, adaptable systems that can keep pace with a business environment
unprecedented in its rate of change. Financial Consolidation Hub is built to adapt to
About Oracle Financial Consolidation Hub 1-1
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