Overview
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- Explain Variances in Real Time: Use Flux Analysis to catch and explain changes during reconciliation.
- Drive Accountability with Dashboards: Monitor Close health across departments and roles.
- Centralize Compliance Artifacts: Use Certification Questions and Report Binders to support audits with zero stress.
Flux Analysis: Proactive Variance Management
Also known as variance analysis, Flux Analysis allows users to capture, explain, and monitor significant account changes between periods—during the reconciliation process, not after the fact.
By enabling thresholds and inline commentary, preparers can flag and explain large fluctuations. Reviewers can then focus on material changes with confidence so that explanations are tracked and auditable.
Key benefits include:
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- Automated materiality thresholds
- Period-over-period comparisons
- Integrated audit-ready justification
In the screenshot above, explore more ways Flux Analysis helps you work smarter and stay on track.
Operational Dashboards: Visibility Across the Close
Tulsi highlighted how Operational Dashboards empower stakeholders to monitor reconciliation progress in real-time.
No more status updates via spreadsheets or emails—these dashboards show user statuses, where bottlenecks exist, and how completion rates are trending.
Custom views can be built for different roles—preparers, reviewers, or admins—and filtered by risk level, entity, or deadline. This transforms the Close into a transparent, data-driven process.
Task Manager Integrations
Oracle’s Task Manager isn’t just a checklist—it integrates with reconciliations, journals, and reporting workflows. Linking tasks with dependencies and owners creates accountability and ensures nothing falls through the cracks.
Custom Attributes, Filters & Rules
Another underutilized feature is the ability to add custom attributes and define business-specific rules.
Organizations can:
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- Tag reconciliations by audit priority or department
- Filter dashboards using user-defined metadata
- Automate actions based on rule triggers
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Certification Questions and Report Binders
Compliance doesn’t stop at task completion. Tulsi introduced two often-forgotten tools:
- Certification Questions: Embed compliance checks directly into reconciliations. For example, ask, “Have all supporting documents been uploaded?” before a user signs-off.
- Report Binders: Automatically bundle reconciliations, variance analyses, and sign-off evidence into an exportable PDF binder for auditors or internal reviews.
These tools centralize documentation and reduce end-of-quarter scrambling for evidence.
Receive an In-depth Training on More Impactful Oracle Financial Close Features
Oracle Cloud EPM is packed with features designed to make your Financial Close more efficient, transparent, and compliant. Most require little more than configuration—but deliver outsized returns.
Download Tulsi Sachde’s full presentation for screenshots, how-tos, and real-world use cases.
FAQs
Is Flux Analysis hard to set up?
Not at all. It’s a configuration option that requires threshold definition and attribute mapping—no custom code needed.
Can anyone create dashboards?
Only admins or users with the dashboard manage role can create them, but others can view based on permissions.
What is a report binder?
A report binder is an automated export that consolidates all related reconciliation documents into a single PDF for audits.