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Account Reconciliation Cloud Service (ARCS) is the module within Oracle EPM Cloud designed to automate account reconciliations. It replaces manual, error-prone Excel reconciliations with a standardized, auditable process that includes automated transaction matching. This allows you to gain faster assurance regarding the accuracy of your balance sheet items and reduces the risk of errors in your financial statements.
ARCS is a cloud module within Oracle EPM that allows you to perform balance sheet reconciliations, transaction matching, and the reconciliation process in a fully automated and standardized manner.
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Automated transaction matching between source systems
Standard Templates and Workflows for Account Reconciliations
Dashboards for the status, risk, and progress of the close process
Technology is the foundation; the right experts deliver the real benefits.
An ARCS specialist draws on experience from dozens of implementations to determine which reconciliation structure best suits your closing process, so you don’t have to experiment with templates on your own.
The correct tolerance limits and matching logic require someone who understands the risks in your general ledger; without that insight, rules will flag too much noise or, worse, too little.
An expert designs approval workflows so that every deviation is supported by a clear rationale—something that can only be achieved with an understanding of what auditors expect.
