McDonald’s Automates With Oracle’s Account Reconciliations – Transaction Matching

Retail & CPG

Challenge

W

Time consuming, error prone, manual reconciliation processes across international locations

W

Audit & Compliance risks due to irregularities in reconciliations​

W

Lengthy close cycle due to bottlenecks in account reconciliation​

W

Inability to track progress in excel based approach ​

EPM Solution

Account Reconciliations – Transaction Matching
W
Explore options in automating high volume account transactions

Result

W

Supported consistent process across new transactional systems (Doordash, Uber Eats, etc.)

W

Enabled controllership with tools to enforce compliance and standardization

W

Critical project to remotely close the books, including 34,000 reconciliations​

W

Enabled accounting leadership to standardize reconciliations across global locations ​

Reduction in monthly close cycle

%

Automation of reconciliations with OOB product capabilities

Discover the art of the possible.

Oracle Partner