Optimize
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Technology and Communications Organizations need the confidence that reported revenue is materially accurate . Oracle ’ s Revenue Management Cloud Service simplifies revenue accounting with robust automation , audit , and control capabilities for compliance with the latest revenue recognition accounting standards .
Financial Services For Financial Services industries that require average balance sheets to meet regulatory requirements , General Ledger provides the ability to track average and end-of-day balances , report average balance sheets , and create custom reports using both standard and average balances . Both standard and average balances are stored in the multidimensional data model that is automatically synchronized to allow you to quickly analyze and report on average balances daily , monthly , quarterly , and yearly .
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FROM 7-10 days TO 1-2 days
to billing
Frontera was growing fast , and we were pursuing global expansion . So we needed things like intercompany billing , multi-currency , global analytics , and service lines . But we were still doing manual billing . With the Oracle Project Portfolio Management Cloud , we ’ ve been able to spend less on billing . We now spend more time analyzing the business and having strategic conversations about the data . The statistics are really amazing . Time to billing used to take 7-10 days ; it now takes 1-2 days . We ’ ve freed up one person entirely to better support sales operations . Also expanding to new regions is exponentially easier because we don ’ t need a new country-specific instance of the software for currency and resources .
— HEIDI ZEE Founding Partner , Frontera Consulting
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