Oracle EBS Financials - Work Locally, Think Globally
In today’s global economy, many large enterprises have locations around the world. Gathering everyone together for a meeting can be difficult, so when it comes to consolidating financial data, it’s even more complicated. Picture this: A local subsidiary of your enterprise does business in their local currency. Of course they do. And your parent company has a different primary accounting currency that’s the standard at that level. Having the local office use a fluctuating exchange rate to convert their financial data when rolling up their data to the parent company can lead to so many irregularities and complications. Read more about Oracle Financial Cloud Services . Having standard consolidation processes and solutions available to your employees at a global level can reduce these irregularities, and also make life a little easier for everyone. Work smarter With the differences in local and parent company financial and accounting practices, many global companies deal with inc...