
Streamline your financial processes, accelerate reporting, and stay ahead with our tailored Oracle HFM & FCCS solutions.
Benefits of Financial Consolidation:
- Faster Close Cycles: Automate manual tasks and reduce time spent on consolidations by up to 50%.
- Accurate Reporting: Consolidate data from multiple entities with fewer errors and full audit trails.
- Regulatory Compliance: Meet IFRS/GAAP standards effortlessly with reliable consolidation tools.
- Unified View of Performance: Gain actionable insights across all business units in one place.

Full List of Financial Consolidation Services We Offer:
HFM – Support and Development
- Ongoing support and further development if required.
- Systems review.
- Rules structure review.
- Further user and admin training.
- Support and development for data integration with FDMEE to move data from source systems to HFM.
- Cloning applications using an easy and reliable process.
- Standard reporting setup, Smart View reporting setup.
- Migration to the cloud and / or FCCS.
FCCS – Implementation and Support
- Quick cost-effective system setup timelines. Once design of Chart of Accounts in finalised FCCS can be setup very quickly.
- Standardisation of consolidation with rules written to apply to all levels in the consolidation.
- Automated Investment/Equity elimination, intercompany elimination, calculation of minority interests and equity accounting for JV investments. All these journals are posted automatically on consolidation.
- Indirect cash setup as part of the movement dimension is simple and provides a reliable fully automated consolidated cashflow for all levels in the Entity dimension.
- Additional dimensional reporting e.g. Cost Centre, Product, Department, Regions etc.
- FCCS is easy to maintain and easy to test changes with the use of Test / Pod environments. Maintenance can be carried out by financial consolidation personnel. We can provide the admin training required.
- Cloning applications is an easy and reliable process.
- Excellent data integration tools to move data from source ledger system to FCCS.
- Timely financial close tools including Task Manager creating a structure to allocate close task to entire user base. This helps to streamline the financial close process.
- Excellent Excel based reporting and data interrogation tools. In addition, there are other reporting tools to develop structured reports for executive reporting.
A good consolidation solution will be well supported in the marketplace, be flexible to handle business changes and have the following features:
· Consolidation
o Automated consolidation engine, calculations and cash flow generation
o Line of sight from consolidated numbers back to source system balances
o Data pulled from source systems on demand and on a schedule
· Close Process
o Monitoring of the close processes
o Excel integration
o Rigorous auditing capability built in
o Easy maintenance by Finance users
· Cloud solution that secures data and is accessed through a browser
Every company over a certain size can justify a move to a secure, repeatable consolidation process just on the inherent risks of not having one.
If you are currently using Excel your risks include key man dependencies, hidden adjustments, manual processes spreadsheet errors and data loss.
Switching to Oracle FCCS provides: –
· Automated processes that reduce manual effort by up to 50%
· Greater accuracy with built-in audit trails and compliance tools
· A unified view of financials across all entities
· Integration with source systems and with Excel
· Secure data storage
Companies that make the switch experience faster close cycles and fewer errors – leading to better decision-making.
Oracle FCCS is designed for finance professionals, not IT teams. Oracle handle the infrastructure on the cloud providing secure links meaning finance users can own, maintain and operate the solution.
Our approach includes: –
· Hands-on training tailored to your needs
· User-friendly reporting with Excel-based reporting Smart View integration
· Building your source system integrations with your IT teams
· Implementation of single sign on
· Ongoing support to answer any questions post-implementation
You don’t need technical expertise to manage FCCS effectively—we’ll make sure of it.
Implementation timelines vary based on complexity, historic data requirements and your expectations on operational readiness prior to go-live.
Thanks to our streamlined approach we can build a solution quickly and populate it with your data ready for you to test and investigate.
On average, implementations take:
• Small to mid-sized organisations: 3 to 6 months
• Larger enterprises: 5 to 10 months
We offer continued support and development services, including a managed service if required. Services include
· System review and optimisation
· Development of new features and or for business changes
· Training for finance teams and admins
· Assistance with data integration and reporting
· Regular check-ins to ensure long-term success
Think of GK as an extension of your finance team, always available when you need us.
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