Oracle Financial Consolidation and Close
Financial close software
Accounting & finance software
Financial reporting software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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What is Oracle Financial Consolidation and Close
Oracle Financial Consolidation and Close (FCCS) is a cloud-based application for financial consolidation, close management, and statutory/management reporting. It is used by corporate accounting and finance teams to collect data from multiple entities, perform consolidations (including currency translation and intercompany eliminations), and produce consolidated financial statements. The product is part of Oracle’s EPM Cloud suite and uses predefined consolidation processes with configurable metadata, rules, and workflows.
Purpose-built consolidation engine
FCCS includes standard consolidation capabilities such as multi-currency translation, ownership management, intercompany eliminations, and journal adjustments. It provides prebuilt consolidation artifacts (dimensions, forms, and calculations) that can reduce initial design effort compared with building from a general planning tool. It supports both management and statutory consolidation scenarios with configurable close calendars and tasks.
Integrated close workflow controls
The application supports task lists, approvals, and status tracking to coordinate period-end activities across entities. It provides audit trails and security controls to help enforce segregation of duties and document changes to metadata and rules. These controls can reduce reliance on spreadsheets and email for close coordination.
EPM Cloud ecosystem alignment
FCCS integrates with other Oracle EPM Cloud services (for example, planning, account reconciliation, and reporting) and common Oracle integration tooling. This can simplify end-to-end processes when an organization standardizes on Oracle’s EPM stack. It also supports data loads from ERPs and other sources through file-based and integration approaches.
Oracle-centric architecture assumptions
Organizations not using Oracle EPM Cloud more broadly may need additional integration work to connect FCCS to their existing reporting, reconciliation, and data management processes. Some capabilities are most straightforward when paired with adjacent Oracle services, which can influence overall architecture decisions. This can increase dependency on Oracle-specific administration skills.
Implementation complexity and governance
Despite prebuilt consolidation content, real-world deployments often require careful design of metadata, ownership structures, intercompany processes, and calculation rules. Changes to chart of accounts, entity structures, or reporting requirements can require coordinated updates and testing. As a result, implementations typically need experienced EPM administrators and strong change control.
Cost and licensing considerations
Total cost can be influenced by user counts, environments, and the need for additional Oracle EPM modules for adjacent processes (for example, narrative reporting or reconciliations). Organizations with simpler consolidation needs may find the platform heavier than necessary. Budgeting should account for ongoing administration and periodic enhancements in addition to subscription fees.
Plan & Pricing
| Plan | Price | Key features & notes |
|---|---|---|
| EPM Standard subscription (includes Financial Consolidation and Close functionality) | Not listed on Oracle public site — contact Oracle sales for pricing | Includes core Financial Consolidation and Close features such as configurable consolidation rules, supplemental data management, equity pickup, currency translation, intercompany eliminations, task manager and basic reporting. See Oracle docs for feature matrix. |
| EPM Enterprise subscription (includes Financial Consolidation and Close) | Not listed on Oracle public site — contact Oracle sales for pricing | Includes all EPM Standard features plus enterprise capabilities: Enterprise Journals, Groovy scripting support, advanced consolidation features, and Intelligent Performance Management / AI/GenAI features (IPM) that are exclusive to Enterprise. |
Notes: Financial Consolidation and Close is sold as part of Oracle Cloud EPM subscriptions (EPM Standard or EPM Enterprise). Oracle’s public pages and documentation instruct buyers to contact sales to order a subscription; no per-user or per-month prices are published on the official product or docs pages.
Seller details
Oracle Corporation
Austin, Texas, USA
1977
Public
https://www.oracle.com/
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