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International Journal for Research Trends and Innovation
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ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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Impact Factor : 8.14
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Issue Published : 114
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| Paper Title: | Financial consolidation for multi-entity enterprises using oracle cloud |
| Authors Name: | Manjunath Rallabandi |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJRTI_204901
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| Published Paper Id: | IJRTI2506152 |
| Published In: | Volume 10 Issue 6, June-2025 |
| DOI: | https://doi.org/10.56975/ijrti.v10i6.204901 |
| Abstract: | Financial consolidation is a critical process for multi-entity enterprises, ensuring accurate financial reporting, regulatory compliance, and strategic decision-making. Traditional consolidation methods, which rely on manual processes and legacy systems, often lead to inefficiencies, errors, and compliance risks. Oracle Cloud Financial Consolidation and Close (FCCS) offers a cloud-based solution that automates financial consolidation, enhances data accuracy, and ensures compliance with international accounting standards such as IFRS and GAAP. This paper explores the methodology, benefits, challenges, and real-world implications of Oracle Cloud FCCS in financial consolidation. Findings indicate that cloud-based financial consolidation improves reporting efficiency by 30-50%, enhances compliance, and supports real-time decision-making. However, challenges such as implementation complexity, data security risks, and integration with existing ERP systems must be addressed. The study concludes with recommendations for organizations, policymakers, and future researchers to optimize the adoption and effectiveness of Oracle Cloud FCCS. Emerging trends such as AI-driven financial forecasting, blockchain integration, and predictive analytics are also discussed as key future directions for financial consolidation. |
| Keywords: | Financial Consolidation, Oracle Cloud FCCS, Multi-Entity Enterprises, Regulatory Compliance, Cloud-Based Accounting |
| Cite Article: | "Financial consolidation for multi-entity enterprises using oracle cloud", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.10, Issue 6, page no.b425-b437, June-2025, Available :http://www.ijrti.org/papers/IJRTI2506152.pdf |
| Downloads: | 000293 |
| ISSN: |
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID: IJRTI2506152
Registration ID:204901
Published In: Volume 10 Issue 6, June-2025
DOI (Digital Object Identifier): https://doi.org/10.56975/ijrti.v10i6.204901
Page No: b425-b437 Country: Chennai, Tamil Nadu, India Research Area: Engineering Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2506152 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2506152 |
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED,
Journal Starting Year (ESTD) : 2016
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