Oracle Financials Cloud: Modern Finance 1 | Page 15

Control

Control | 2
Cash Management
Controlling cash balances and accurately forecasting cash positions
is made simple with Cash Management. The cash management
dashboard pinpoints issues related to bank account balances,
missing bank statements, unreconciled statement lines and
transactions, and cash forecasts. You can anticipate short-term cash
requirements and reduce liquidity risk by viewing the 5-day cash
forecast across all your legal entities. You can also transfer balances
between banks to take immediate action to address any shortfall.
Asset Management
Oracle Assets simplifies fixed asset accounting with automated
asset management. Standard management tasks, such as asset
additions, asset transfers, disposals, reclassifications, financial
adjustments, impairments, revaluations, retirements, and legacy
data conversions can be streamlined with automated business
flows. You can also take physical counts of your asset inventory and
load them in a spreadsheet; the system then reconciles the results
of this file against the actual data and recommends the necessary
actions to ensure the accuracy and control of your fixed assets.

“

Bringing in advanced technology,
such as Oracle Financials Cloud,
will not only make us more profitable,
it will accelerate the business cycle.
We can create asset portfolios faster,
and we have the data that carriers
require at our fingertips. We are a
much stronger organization with
Oracle Financials Cloud.

— MICHAEL MCLAUGHLIN
CFO, Tower Ventures LLC

”