Consolidate Globally with Oracle GCS
Globalization is on the rise and so are mergers and acquisitions. In the current business scenario the major problem faced by business giants is on consolidated financial reporting of the enterprise as a whole. Each growing enterprise would have some or all of the following kinds of subsidiary companies whose financial information needs to be consolidated into the parent: Subsidiaries which are accounted in the same instance but with different accounting structures to suit operational needs. Subsidiaries following a different calendar Subsidiaries operating in different countries with the local currency as their functional currency different from the parent enterprise. Subsidiaries being accounted for in different instances of Oracle. Subsidiaries being accounted for in ERP system other than Oracle. Well, Oracle E-Business Suite release 12 would help consolidate such accounting information by the use of its Global Consolidation System or GCS feature in Oracle Gene...