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Drive IFRS 16 Compliance Using Oracle Financial Consolidation and Close (FCC)

Overview

A bolt-on solution to address current white space where there is no out-of-box solution available either in ERP or EPM for IFRS16 compliance. It acts as a pre-built reporting package and auditing mechanism to satisfy the requirements of Regulators and is applicable to all Industries for IFRS 16 compliance- specially Retail, Telecom, Airlines. It comes with Pre-built standard Dashboards, Reports and Disclosures for financial statements.

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Infosys can accelerate the transformation of your enterprise through:

  • Comprehensive portfolio for financial transformation
  • Powerful methodology and tools for strong and integrated value acceleration to EPM Cloud
  • Dedicated center of excellence with experienced Oracle EPM professionals
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Challenges & Solutions

This solution is a prebuilt package for quicker deployment with single repository to capture all lease information and prebuilt calculations for key IFRS 16 ingredients. Also, includes prebuilt standard dashboards, reports, and disclosures for financial statements.

End-to-end automated solution where minimal/no human touch is required which results in at least 15% overall efforts savings.

This tool provides better compliance with regulatory requirements as it ensures accuracy and completeness of data with automated calculations and prebuilt reports and dashboards.