Financial Consolidation and Reporting （金融整合和报告）.pdf

Financial Consolidation and Reporting Applications Adding Value to Enterprise Resource Planning Systems An Oracle W hite Paper April 2014 Table of Contents Executive Overview 3 Introduction 4 Financial Consolidation and Reporting Requirements 5 Statutory Reporting5 Management Reporting 6 Approaches to Financial Consolidation and Reporting 8 What is a Best Practice? 9 Adoption of New EPM Technology Improves Performance 9 What Functionality is Included? 9 Enterprise Resource Planning Systems 11 General Tools 13 Spreadsheets 13 Data Warehouses 13 Financial and Enterprise Performance Management Solutions 14 Packaged Solutions and the Fast Close 17 Integrate 17 Improve Accessibility 17 Improve Efficiency 18 Maximize Information 18 Integrating Financial and Transaction Systems 19 Adding Value to Multiple Enterprise Resource Planning Systems 19 Adding Value to Single Enterprise Resource Planning Systems 21 Transitioning to a Single Enterprise Resource Planning System 22 Customer Success Stories 23 The ‘Extended’ Financial Close 24 Conclusion 25 Financial Consolidation and Reporting Applications: Adding Value to Enterprise Resource Planning Applications | 2 Executive Overview Today’s corporations continue to face a vast range of complex financial reporting requirements, and ever-increasing scrutiny by auditors and stakeholders. While transaction systems such as enterprise resource planning (ERP) systems typically have general ledger modules that summarize results at period-end, ERPs on their own are not adequate to support the extended financial close process. Financial consolidation and reporting applications add significant value by enabling flexible, accurate and rapid reporting,