Accelerate & streamline your monthly and annual financial closing process in JD Edwards
Fast Closing in JD Edwards
The financial close is a core task for businesses across any size or industry. However, this recuring process currently comes with various challenges. Companies often lack clear closing routines, accumulated errors are often left to be dealt with during the closing, there are multiple message repositories for error messages and there is no way to easily track the progress of the closing process.
MPL has developed MPL Fast Closing: An Oracle JD Edwards solution that supports you with the monthly and annual closing process. By accelerating and streamlining the financial close cycle, this tool will free up resources allowing you to spend more time on activities that generate true value for the business. Fast Closing is available as a JD Edwards add-on and takes advantage of Oracle´s latest technological offerings, such as Orchestrations, Notifications, Composite Pages and EnterpriseOne Pages.
- Pre-defined execution plan
- Automatic and periodic reports
- Single message repository
- Errors translated into corrective action buttons
Download our brochure
Download the brochure and discover the key-features and the benefits of the Fast Closing solution. In this brochure you will learn more about
- How to accelerate & streamline financial closing
- Analysing errors through a single message repository
- Solving errors through corrective action buttons
- Tracking progress with visual dashboards
More about Fast Closing
Pre-defined execution plan
Fast Closing comes with a pre-defined, and customizable, execution plan in which report are grouped by routines. This execution plan is translated in a visual timeline of run processes with an optimized User Interface which manages notifications and reported issues through watchlists, dashboards and graphs. This enables the financial close processes to be executed in a logical way following a predefined sequence without user intervention.
Automatic and periodic reports
The Fast Closing Solution offers faster error resolution through automation and process streamlining. It allows the ongoing review and resolution of issues throughout the month avoiding the accumulation of errors to be fixed during the short month end period. Potential issues are notified to you, so actions can be taken pro-actively.
Single message repository
The Fast Closing Tool comes with a single message repository. Errors are grouped and totaled by process, which are organized and displayed in a single screen. The collection of information in one central area prevents the need to navigate through multiple screens, increasing the efficiency in which errors are solved.
Errors translated into corrective action buttons
Fast Closing translates the identified errors into suggested corrective actions to be taken by the user. These action buttons direct the user to the correct screens or execute an orchestration. This reduces the time required to analyze and solve errors as it eliminates the need to navigate through different screens.
Fully integrated with JD Edwards
The Fast Closing tool is fully integrated in your Oracle JD Edwards environment. The
deployment is a quick process as it solely requires the installation of the pre-configured tool.
It relies on standard JD Edwards processing, preserving existing functionality and country
localizations adopted by companies. It requires a JD Edwards version of 9.1 or later with a
tools release of 22.214.171.124.
Customer testimonial: Fast Closing
Would you like to know more?
Ready to see how Fast Closing can accelerate & streamline your financial closing? Our team can put together a customized demo and present on-site or virtually.