Hyperion Financial Close Management
Oracle Hyperion Financial Close Management is built for centralized, web-based management of period-end close activities across the extended financial close cycle. The first application of its kind, Oracle Hyperion Financial Close Management will help manage all financial close cycle tasks including ledger and sub-ledger close, data loading and mapping, financial consolidation, account reconciliation, tax/treasury and internal and external reporting processes – any task associated with the extended financial close.
Learn about Oracle's broad selection of application solutions.
Hyperion Financial Close Management Features
Close Manager
Task management solution
Tasks can be anything that needs to be done during the close process – whether in the transaction system, general ledger, consolidation system or reporting system.
Identify bottlenecks
Employees are assigned to each task and the tasks are given a due date relative to each period end date so it’s easy to identify bottlenecks in the process using pre-built, web-based dashboards for monitoring the progress of the financial close.
Easily organized
Common calendar views, task list views, and Gantt views are leveraged for each user’s tasks and active calendars and task lists allow users to launch applications and complete tasks from the calendar itself.
Quick set up
A roll-forward feature allows quick set up new financial close calendars based on the prior financial close.
Account Reconciliations Manager
Reduce risk
Account Reconciliation Manager is a module dedicated to the management of account reconciliations. It helps companies reduce risk by providing real-time visibility into the performance of reconciliations and ensuring that all reconciliations prepared are properly qualified.
Streamline and optimize performance
Streamline and optimize performance by automating certain reconciliation tasks and supporting risk-based reconciliation cycles.
Balance integration
Enable balance integration using Oracle Hyperion Financial Data Quality Management ERP Integration Adaptor for Oracle Applications which has mapping features to summarize low-level balances to the level appropriate for reconciliation.
Flexible auto reconciliation routines
Flexible auto reconciliation routines add efficiencies to the reconciliation process and there are easy to use features for maintaining reconciliation assignments, including mass update and import capabilities.
Pre-built dashboards
Pre-built dashboards provide monitoring status, aging, performance metrics, and compliance metrics.
