Financial market chart on a dark trading screen

Financial Services

A finance core that closes faster and answers to auditors.

Oracle Financials, reconciliation, controls and reporting, connected to the data and automation that take the manual effort out of every period end.

Explore solutions
  • Oracle Financials and ERP
  • Financial reporting and analytics
  • Workflow automation
  • Risk, controls and reconciliation
  • Data and integration modernization
Industry challenges

What gets in the way.

Financial-services firms carry more reconciliation, more reporting and more scrutiny than most sectors, often on finance systems assembled over years of acquisitions and product launches. The result is a close that depends on spreadsheets and on the few people who know where each number really comes from.

  1. A close held together by spreadsheets

    Journals, accruals and allocations prepared offline and keyed back in. Every period repeats the same manual work, and every manual step is a place an error can enter unseen.

  2. Reconciliations that outlast the close

    High-volume bank, clearing, suspense and intercompany accounts reconciled by hand, with breaks investigated late and the evidence scattered across inboxes.

  3. Controls that live outside the system

    Segregation of duties, approval limits and access reviews tracked in documents rather than enforced in the platform, which turns every audit into a reconstruction exercise.

  4. Several versions of the same number

    Product, ledger and risk systems each report their own figures. Reconciling management, regulatory and statutory views takes analyst time that should go to analysis.

How Consult America helps

From the core system to the data around it.

We work on the finance core and the systems around it: implementing or improving Oracle Cloud ERP and EPM, automating the work that moves between them, and building a data foundation so reporting comes from one governed source. We deliver the working system, not only the recommendation.

  • Modernize the finance core

    Oracle Fusion Financials and EPM configured close to standard, with customization limited to what the business genuinely needs.

  • Automate the period end

    Data loads, matching, journal workflow and approvals moved out of spreadsheets into monitored, auditable processes.

  • One governed view of the numbers

    A reporting layer fed from the ledger and subledgers, with definitions agreed once and access controlled in the data platform.

Solution areas

Where we focus in financial services.

Each area is delivered by the same team that designs it, from assessment through production support.

  • Oracle Financials and ERP

    Implementation, migration and optimization of Oracle Fusion Cloud Financials, including moves from E-Business Suite, PeopleSoft or a non-Oracle ledger.

    • General Ledger, Payables, Receivables, Fixed Assets and Cash Management
    • Chart of accounts redesign for statutory and management reporting
    • Readiness and regression testing for Oracle's quarterly updates
    Related serviceOracle ERP

  • Financial reporting and analytics

    Reporting that starts from the ledger rather than from extracts, so management and board packs reconcile by design.

    • Oracle EPM Financial Consolidation and Close, and Narrative Reporting
    • Governed finance data marts and a shared semantic layer
    • Variance and trend analysis on agreed definitions
    Related serviceData platform & warehousing

  • Workflow automation

    Repetitive finance work such as invoice capture, journal preparation and approvals, taken out of inboxes and into orchestrated workflow.

    • Invoice and document extraction with confidence-based review
    • Approval routing that matches the real authority matrix
    • Exception queues with a named owner for each
    Related serviceProcess automation

  • Risk, controls and reconciliation

    Controls enforced in the system, and reconciliations that run continuously instead of piling up at month end.

    • Oracle Account Reconciliation with automated transaction matching
    • Segregation-of-duties analysis with Oracle Advanced Access Controls
    • Control evidence captured as part of the process itself
    Related serviceOracle EPM

  • Data and integration modernization

    Brittle point-to-point feeds between product systems, the ledger and reporting replaced with documented, monitored interfaces.

    • Integration between core systems, subledgers and Oracle Cloud
    • Ingestion into a cloud data warehouse with tested, versioned models
    • Data classification, masking and access audit
    Related serviceAPI & systems integration
Capabilities

Oracle Cloud, AI, data, integration and cloud.

The platforms and practices behind the solution areas, as they apply to financial services.

  • Oracle Cloud

    The financial system of record.

    • Oracle Fusion Cloud Financials
    • Oracle EPM Planning
    • Financial Consolidation and Close
    • Account Reconciliation
    • Narrative Reporting
    • Advanced Access Controls

  • AI

    Applied where accuracy can be measured.

    • Invoice and document extraction
    • Anomaly detection on journals and transactions
    • Confidence-scored review queues
    • Policy assistants that cite their sources

  • Data

    One governed source for reporting.

    • Oracle Autonomous Data Warehouse or Snowflake
    • Dimensional finance data marts
    • Semantic layer for Oracle Analytics, Power BI or Tableau
    • Freshness and reconciliation tests

  • Integration

    Feeds that fail loudly, not quietly.

    • Versioned REST APIs
    • Event streaming between systems
    • Bank and payment file interfaces
    • Subledger and product-system connectors

  • Cloud

    Infrastructure with the controls built in.

    • Oracle Cloud Infrastructure landing zones
    • Identity federation and least-privilege access
    • Tested backup and disaster recovery
    • Cost governance and showback
Use cases

Practical business use cases.

Examples of the work this involves. They describe the shape of a project, not a named client engagement.

  • Use case 01

    Shortening the month-end close

    Mapping every step of the current close, automating data loads from ERP to EPM, and moving reconciliations to continuous matching so period end starts with fewer open items.

  • Use case 02

    Retiring an ageing on-premises ledger

    Migrating from E-Business Suite or a legacy general ledger to Oracle Fusion Financials, with trial data loads from the first phase and a rehearsed cutover.

  • Use case 03

    Automating high-volume reconciliations

    Configuring match rules for bank, intercompany and clearing accounts, and routing only genuine breaks to reviewers, with the evidence attached.

  • Use case 04

    Building the reporting pack from one source

    A governed finance data layer, so management and regulatory reporting draw on the same reconciled figures instead of separate extracts.

Delivery approach

How an engagement runs.

Strategy, design, build and run, applied to the realities of financial services.

  1. Baseline the close and the controls

    We measure where effort and risk actually sit today: cycle times, manual touchpoints, control gaps and the spreadsheets the process quietly depends on.

  2. Design to standard, then extend

    Oracle's standard financial processes are the starting point. Each proposed customization has to justify the upgrade cost it will carry.

  3. Prove it with your own data

    Trial migrations and conference-room pilots use your real transactions, so finance signs off on what it has actually worked through.

  4. Cut over with a rehearsal and a rollback point

    The switchover is practised end to end before it happens for real, then supported through the first closes on the new platform.

Perspectives

How we think about this work.

Related services

The services behind this work.

OracleOracle ERPOracle Cloud ERP implementation and migration, sequenced so the business keeps running.OracleOracle EPMPlanning, budgeting and close on Oracle EPM, so the cycle stops living in spreadsheets.Enterprise TransformationFinance transformationReshaping how finance operates, not just which system it operates in.Enterprise TransformationProcess automationRemoving manual steps where it pays, and saying so where it does not.AI & DataDocument & contract intelligenceExtracting structured, checkable data from contracts, invoices and forms at volume.AI & DataData governance & guardrailsKnowing what data you hold, who can reach it, and what the AI systems are allowed to do with it.
FAQs

Questions about financial services.

Do you work with firms already running Oracle Cloud ERP?

Yes. Much of the work in this area is improving an existing Oracle Fusion deployment: reducing customizations, adding EPM or Account Reconciliation, automating integrations, or putting a regression process in place for Oracle's quarterly updates.

Can you migrate us from E-Business Suite or another ledger?

Yes. Migration from E-Business Suite, PeopleSoft, JD Edwards or a non-Oracle ledger is part of our Oracle ERP service. Data migration starts in the first phase, with repeated trial loads well before cutover.

How do you approach regulatory and audit requirements?

We design controls into the system, including segregation of duties, approval limits, reconciliation certification and access audit, so evidence is produced by the process itself. Your compliance and audit teams set the requirements; we implement them and document how each one is met.

Where does AI fit in a finance function?

Where accuracy can be measured and a person stays accountable: extracting data from invoices and documents with confidence scores, and flagging unusual journals or transactions for review. We agree how success will be measured before anything is built.

Can you support the platform after go-live?

Yes. Our managed services cover application support, release management for Oracle's quarterly updates, and continuous improvement, under service levels tiered by business impact.

Industries

Other industries we serve.

  • Regulated

    Public Sector

    ERP modernization, budgeting, procurement and grants, and digital services residents can rely on.

  • Operations

    Supply Chain

    Supplier, inventory and order data connected end to end, with analytics that drive the next decision.

  • Operations

    Manufacturing

    The shop floor connected to ERP, with materials, planning, quality and analytics on one record.

  • Commerce

    Retail

    Stores, ecommerce and marketplaces connected, with inventory, customer data and forecasting on one core.

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