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What is Oracle Financial Consolidation and Close?

Quickly set up your operations with integrated features that exemplify best practices, including real-time calculations. Reduce the need for extensive adjustments, as key financial reports like cash flow, balance sheet, and income statement are generated automatically, along with actionable insights and rollovers. Simplify the adherence to international reporting standards, such as International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP), by leveraging a pre-built consolidation model. Improve the accuracy and efficiency of your closing process by reclassifying, adjusting, and eliminating data across various hierarchies, made possible by integrated consolidation functions. Manage the intricacies of legal and management rollups that may have unique calculation and reporting requirements with ease. Gain control over the closing process by continuously monitoring crucial metrics throughout your organization. You can either employ existing calculations or easily create customized solutions that cater to your business's specific needs, ensuring all facets of your financial reporting are managed efficiently. This allows you to concentrate on strategic decision-making while ensuring compliance with required standards. Ultimately, this streamlined approach enhances overall operational effectiveness and empowers you to respond swiftly to evolving business needs.

What is Finconsol?

Finconsol is an innovative cloud software solution aimed at financial consolidation, allowing finance teams to consolidate accounts from multiple companies into detailed group financial statements. This platform simplifies the integration of trial balances, aligns individual entity accounts with a standardized group chart, converts balances between various currencies, reconciles intercompany transactions, and supports the management of elimination entries and minority interests. Users of Finconsol can produce a wide range of consolidated financial statements, such as balance sheets, profit and loss reports, cash flow statements, fund flow statements, a consolidation worksheet, and group trial balances, along with comprehensive reports, dashboards, and presentations intended for board meetings. Furthermore, it offers features for budgeting, forecasting, and statistical analysis, as well as period-end controls like locked months and adjustments for historical changes. The software integrates smoothly with Zoho Books, while trial balances from other accounting platforms such as Xero and QuickBooks can also be incorporated through uploads. Finconsol is specifically designed for CFOs, controllers, group accountants, finance teams, and accounting firms managing multiple entities, significantly enhancing their financial management capabilities. This powerful tool not only streamlines the consolidation process but also elevates the accuracy of reporting across various business entities, thereby enabling finance professionals to make more informed decisions. Ultimately, Finconsol represents a pivotal advancement in the realm of financial management software.

Media

Media

Integrations Supported

Artificio

Integrations Supported

QuickBooks Online
Xero
Zoho Books

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

$60/company/month
The minimum plan covers two companies. Yearly billing starts at $120/month equivalent ($1,440 billed annually); monthly billing starts at $144/month. The first five companies are $60/company/month with yearly billing. Plans include all features and unlimited users. Plans for more than 30 companies are priced by agreement.
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

Oracle

Company Location

United States

Company Website

www.oracle.com/performance-management/financial-consolidation-close/

Company Facts

Organization Name

Aaxonix Tech LLP

Date Founded

2026

Company Location

India

Company Website

finconsol.com

Categories and Features

Financial Close

Not specified

Categories and Features

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