InstantEPM™ with Oracle Financial Consolidation and Close Cloud Service (FCCS)

InstantEPM™ Provides A Targeted Six-Week Foundational Implementation of Oracle Financial Consolidation and Close Cloud Service (FCCS)

SC&H’s InstantEPM™ with Oracle FCCS relies on a pre-defined project scope that leverages the out-of-the-box functionality of FCCS to quickly and cost-effectively deliver a straightforward consolidation and close solution that reduces an organization’s reliance on spreadsheets.

The primary goal of this innovative and efficient solution is to accelerate the timing of low-value data collection processes, streamline the consolidation of data and begin the transformation of the month-end consolidation and reporting capabilities.

Transform Consolidation and Close Processes From Excel To the Cloud—In Just 6 Weeks

  • Streamline core financial close processes in alignment with best practices
  • Improve the timeliness and accuracy of financial and operational data
  • Accelerate and maximize the benefits of an Enterprise Resource Planning system investment
  • Manage financial, operational, and strategic information more effectively and efficiently
  • Connect financial close disparities and shorten cycle times
  • Enhance collaboration, reduce inefficiencies, and gain greater visibility into business results
  • Improve reporting, forward-looking analysis, and critical decision-making

Deliver a straightforward month-end consolidation and close solution – quickly and cost effectively – and reduce your organization’s reliance on manual processes and spreadsheets.

InstantEPM™ Implementation Scope

  • Consolidation and Close application via Oracle FCCS
  • Application dimensionality in alignment with pre-established financial reporting hierarchies and the following items:
    • Account (P&L, Balance Sheet)
    • Period (By Month Detail)
    • Entity
    • Years (Fiscal Years)
    • Version (Working and Final)
    • Scenario (Actual, Budget, Forecast)
    • One Custom Dimension (e.g., Project, Product)
      • One general ledger data source for monthly data integrations
      • Five web-based “spreadsheet-style” end-user planning and data collection templates
      • Five financial report templates
      • Five business rules/calculations required to consolidate financial information and move data between scenarios (e.g., Actuals to Forecast)
      • Training for two application administrators and up to five power users

Once a foundational PBCS application is achieved through SC&H’s InstantEPM™ approach, then additional enhancements can be explored in a future phase project to realize the ultimate goals in achieving world-class best practices in consolidation and close, such as:

  • Allocations
  • Enhanced Cash flow
  • Dashboard and mobile reporting

The Advantages of InstantEPM™

  • Timeliness. Quick win with a 6-week implementation timeline.
  • Scalability. Foundational solution that leverages Oracle’s industry-leading cloud-based solution for consolidation and close.
  • Intelligence. Forward-looking and future-proof application design that prevents “painting yourself into a corner”.
  • Dependability. Implemented by a team of Oracle Certified Professionals, all with CPA/MBA backgrounds and an understanding of consolidation and close best practices, to ensure a properly-configured application.
  • Control. Results in 100 percent application ownership by the finance group that manages the existing spreadsheet-based process, ensuring complete control by in-house experts who govern the process.
  • Cost. A less risky investment toward meaningful improvements to the month-end close process.

Impeccable Track Record

SC&H Group is an Oracle Platinum Partner, two time recipient of Oracle Cloud Select Status, and a nationally-acclaimed CPA and consulting firm. Our team delivers best practices in deploying Oracle-Hyperion EPM and Oracle BI solutions for clients ranging from global, Fortune 500 companies to regional, emerging businesses. For over 10 years, SC&H has deployed hundreds of client solutions efficiently and effectively. Our world-class service, open communication, unparalleled work ethic and unique focus on a team-based approach ensures that all engagements are successfully completed – 100% of the time.

Learn More About Our BPM Practice And What We Can Do For Your Business

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