Oracle Financial Consolidation Hub User Manual page 18

changing business requirements, offering an open architecture that rationalizes data
from disparate systems into a single, actionable source of truth.
Provides a Basis for Enterprise-Wide Performance Management
Today's financial organizations are being called upon to achieve both strategic and
operational excellence. After all, the best plans in the world are futile without effective
execution; likewise, effective execution is wasted if it's based on flawed strategy.
Achieving such corporate alignment requires a single, enterprise view of the firm's
financial position. Financial Consolidation Hub creates this view by integrating
multiple subsidiaries and investments from a variety of countries with disparate
accounting systems, ownership structures, charts of accounts, and currencies. By
providing accurate, timely, and enterprise-wide information, Financial Consolidation
Hub provides a foundation, upon which financial organizations can establish and
evaluate business strategies.
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