Cloud Financials vs. Oracle Cloud EPM FCC
Oracle Cloud Financials and Oracle Cloud EPM Financial Consolidation and Close (FCC) both provide customers with the ability to perform consolidations, eliminations, and translations during month-end close. While accurate and GAAP compliant, Cloud Financials requires elimination entities, manual journal entries, and significantly less automation of the consolidation process than FCC. Moving from Oracle Cloud Financials to FCC reduces manual journal entries, removes consolidation/elimination entities, and allows for easier cash flow statement creation.
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