Wednesday, 25 December 2013

Overview of ARM

What it is?
  • Account Reconciliation Manager.
  • One of the modules of Oracle Hyperion Financial Close Management.
  • It is a module dedicated to the management of account reconciliations.
What it will do?

  • It helps to identify the accounts which are out of balance and adjustments made to them in order to be reconciled.
  • It enables balance integration using Oracle Hyperion Financial Data Quality Management ERP Integration Adapter for Oracle Applications and has mapping features to summarize low-level balances to the level appropriate for reconciliation.
How it will help us?

  • It helps companies reduce risk by providing real-time visibility into the performance of reconciliations and ensuring that all reconciliations prepared are properly qualified.
  • It helps companies streamline and optimize performance by automating certain reconciliation tasks and supporting risk-based reconciliation cycles.
What are the features it has?

  • Provide central repository for storage.
  • Provide pre-built dashboards.
  • Provide monitoring status, aging, performance metrics, and compliance metrics.
  • We can easily import all kind of accounts spreadsheets into ARM.
  • We can monitor the users who are repeatedly late to review.

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