Oracle ERP provides a best-in-class suite of ERP applications that enable organizations across multiple industry verticals to accomplish their business objectives.
These ERP applications generate reports that are critical to the management of financial operations and supply chain operations. For example, a Purchase Order Detail report provides a detailed listing of company purchases orders by the vendor. It is important to reconcile this report against an Accounts Payable Payment Journal to identify any potential outstanding items that have not been paid for. This will help finance and accounting teams to prioritize invoices that need to be processed and help to provide a clearer picture of the cash position for the balance sheet.
This process can be time-consuming and can take up to 30mins a day, but with Monarch, the process can be accomplished in significantly less time.