A quicker close provides Oracle with the advantage of getting timely, accurate information into the hands of decision-makers to facilitate enhanced, real-time decision making and business course correction where required, as well as staying ahead of trends. Additionally, our finance employees have more time to focus on strategic projects and initiatives, such as exploring innovative business models and streamlining M&A activities. When a fully automated close is realized, financial accounts and related data will be updated in real-time, enabling instant reporting that facilitates faster and more informed business and financial decisions.
With Oracle Cloud ERP we are now filing our quarterly and annual financial statements faster than any other company in the S&P 500." – Safra Catz, CEO, Oracle. Learn more from this post.