Blog2024-08-06T16:46:07-04:00

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The Blog

Maximizing Business Potential with Data-Driven Planning, Budgeting, and Forecasting

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Maximizing Business Potential with Data-Driven Planning, Budgeting, and Forecasting In today's fiercely competitive business realm, the reliance on intuition and guesswork no longer suffices. The crux of triumph lies in well-grounded decisions fortified by real-time data and astute analysis. This is precisely where the paradigm

The Role of the Financial Controller in the Financial Closing Process: Enshrining Accuracy and Efficiency

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The financial closing process is a crucial component of any organization's financial management cycle. It involves the aggregation, reconciliation, and analysis of financial data to produce accurate and timely financial statements. This process provides insights into the company's financial performance, enabling informed decision-making and

Invite – Close and Consolidation webinar with OneStream on Dec 5th, 2023

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Are you struggling with your year-end, monthly, or quarterly close process? You are not alone. Intercompany, Account reconciliations, complex ownership structures, and adjustments and allocations are just a few key challenges that many mid to large organizations using legacy performance management software and spreadsheets still

Best Practices for Close and Consolidation Process

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Best practices for streamlining and consolidating the close and consolidation process. The smart close process is a modern approach to financial close that leverages automation, analytics, and collaboration to improve efficiency, accuracy, and visibility. It is a critical part of any company's financial reporting process,

Astral Solutions Group invite – OneStream Connect Toronto on August 22nd 2023

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Join us for an unforgettable experience at the Microsoft Technology Center in downtown Toronto on Tuesday, August 22nd, as we unveil your local OneStream Connect Roadshow: Unleash the Power of Finance! Get ready to broaden your knowledge through educational sessions, hear inspiring customer testimonials, and

What is ESG Reporting in EPM?

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What is ESG Reporting in Enterprise Performance Management (EPM), Key Business Benefits, and it's Powerful Features. Introduction Environmental, Social, and Governance (ESG) considerations are gaining immense importance in today's business landscape. ESG reporting is a vital aspect of Enterprise Performance Management (EPM) that goes beyond

How Can Enterprise Performance Management (EPM) Empower Leaders?

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How Can Enterprise Performance Management (EPM) Empower Leaders? Introduction Effective leadership is crucial for organizations to thrive in today's rapidly evolving business landscape. With the advent of Enterprise Performance Management (EPM), leaders can now access powerful tools and strategies that can significantly enhance their decision-making

10 Biggest Mistakes in EPM Implementation

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Introduction Enterprise Performance Management (EPM) is crucial in helping organizations achieve their strategic goals and make informed decisions. However, the implementation process can be complex and challenging, leading to various mistakes that can hinder the effectiveness of EPM initiatives. This article will explore the

Making the Business Case for Cloud-Based Planning and Reporting

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The Power of Cloud-Based Planning and Reporting: A Strong Business Case Introduction: Organizations need efficient and effective tools to streamline their planning and reporting processes in today's fast-paced business environment. Traditional on-premises solutions often need to meet these demands, leading businesses to explore alternative options.

Tax Reporting(TRC) in Oracle Cloud EPM

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Tax Reporting(TRC) in Oracle Cloud EPM: A Comprehensive Solution for Efficient and Accurate Tax Compliance Introduction: Tax reporting is a crucial aspect of financial management for businesses across the globe. It entails gathering, computing, and submitting tax-related data to meet regulatory obligations. As a result,

What is Narrative Reporting (NR) in Oracle Cloud EPM?

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Narrative reporting in Oracle Cloud EPM (Enterprise Performance Management) is a feature that allows organizations to create and distribute highly formatted and interactive reports to their stakeholders. It makes it possible to provide visually appealing and instructive information and integrates financial and non-financial data with

What is EPC or EPBCS – Enterprise Planning?

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Oracle Enterprise Planning and Budgeting Cloud Service, often known as EPC or EPBCS, is a potent tool that aids businesses in managing their planning and budgeting procedures more successfully and successfully. With the help of the cloud-based EPBCS system, businesses can streamline collaboration, automate budgeting

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