Financial within your ERP can be the same with systems in the cloud as they are with non-cloud solutions. In today’s competitive business environment, strong internal controls can yield a distinct advantage. With effective accounting and reporting processes, all types of companies can not only satisfy financial statement audit requirements but also earn trust from the investment community.
In some cases, cloud computing can enter into an organization but bypass the typical management oversight controls. Strengthening internal controls with a risk management cloud is a key. Use Financial Reporting Compliance Cloud Service to optimize controls within and outside your financial processes, using an integrated solution as part of your Oracle ERP Cloud deployment, and reduce significant financial exposure and loss.