Since the Sarbanes Oxley Act of 2002 (SOX), increased emphasis has been placed upon the financial close process. SOX presents a need to provide accurate financial reporting, documentation, and organizational transparency.
Public companies are required to provide financial statements within an established timeline, as well as supporting documentation, to meet the requirements of the Sarbanes Oxley legislation. The financial close process remains a living and breathing process as regulatory changes and updates occur frequently.
HYPERION FINANCIAL MANAGEMENT
At EPMI we understand the accounting and financial needs associated with the consolidation process. Our professionals include technical experts to optimize consolidation times as well as functional experts with Big Four accounting experience. With EPMI, you can add greater efficiency to your consolidation process, provide relevant information to key stakeholders, and increase transparency with auditable documentation.
FINANCIAL CLOSE MANAGER
Oracle’s Hyperion Financial Close Suite is a web enabled, workflow solution to help organizations manage the financial close process. EPMI is experienced in implementing the Financial Close module as well as providing functional expertise on how to gain efficiency in the close process. The Financial Close Suite provides all the modules an organization needs to create a synergistic workflow module while efficiently compiling reports and accomplishing consolidation tasks.
ACCOUNT RECONCILIATION MANAGER
Account Reconciliation Manager (ARM) provides a workflow framework that facilitates the creation of account reconciliations while giving users the ability to monitor actions regarding the reconciliation process. ARM provides visibility into all the relevant steps of the reconciliation process and eliminates inefficiencies such as phone calls and status check emails.