Oracle Financial Consolidation (or OFC) is one of Oracle’s four suites for business intelligence (BI) and data management. It integrates information from various parts of an enterprise, including people, infrastructure, and business applications and systems. This integration allows for faster decision making, improved understanding of organizational problems, and better identification of opportunities in the marketplace. With this application’s help, users can create, manage, and track information from any location. To gain a competitive edge in the market, companies must ensure that they implement Oracle solutions using the best data and business intelligence practices.
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Nowadays, business applications are rapidly evolving, and it can be difficult for IT managers to keep track of all the changes. When reports need to be shared, it may not be possible to analyze them without technical expertise. Oracle NDT solutions deliver business intelligence through text queries, structured query language (SQL), and data mining. The text queries allow the analysts to obtain rich information from the company’s massive database. The structured query language (SQL) helps the user manipulate the data by creating a query that will return all relevant information.
Business analysts can implement Oracle NDT via a web browser. For the users, it is a fast way to obtain relevant information from the database. They can then turn this information into actionable information by creating reports. Oracle solutions have several features such as Business Intelligence Metadata, Enterprise Metrics, and Graphical User Interface. By applying these solutions, companies can improve their data collection, analysis, and reporting capabilities.
To collect information, business analysts should use a Text-parser application such as the IBM Office System. The structure of the data will depend on the type of account. A news report will use a more structured format, while a sales report will include a more flexible design.
The structured format allows the business to reuse the information. It also helps the company to manage the data more efficiently. If you analyze a large amount of information about customers, you can store the data in a relational database. It will make it easier to retrieve information at a later date.
The business can use Oracle DataStage for accessing the data. This is because DataStage provides a company with the ability to run complex queries against substantial data sets. You can also apply advanced processing techniques to the data, such as sorting and grouping. It will help you create reports. These reports will be more relevant for your users.
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When you group reports, you can provide an easy-to-read summary to your users. It will help you share the critical data that they should remember and analyze. You can create a graphic report for your users to explore the information at a glance. Another feature available in this product is the ability to apply pivot tables. Pass your Oracle 1z0-1083-20 exam like a pro with the help of Exams4sure.com. Get your 1z0-1081-20 Study Material Questions Answers today, apply this code “44314956B5” and get 55% discount today
You can also apply different types of filters to the report. It will allow you to filter the information based on other criteria. It is very useful if you are making a report about a wide variety of topics. You can get the data from different sources such as surveys or questionnaires. You can group the other sources of information to form a compelling report for your business.
You can save reports in several formats such as PDF, Excel, HTML, and Microsoft Word. You can use different language versions so that your users will easily read your messages. You can also add a table of contents to the report to go directly to the section that they need. It will make your account more dynamic.
Oracle Financial Consolidation 2020 allows you to create reports in various formats such as dashboards, tables, graphs, and infographics. It will give you great flexibility when it comes to creating custom reports. You can use all the information you gather in the company and present them in a compelling story. This tool will be very beneficial for your business as it will increase productivity and bring efficiency back into your business operations. It will improve your profits and profit margins.
Summary
You will be able to gather the critical data through survey interviews or focus groups. The information that you collect will then be converted into useful insights. It can help you make better business decisions and provide you with new opportunities. Oracle Financial Consolidation 2020 is very easy to use and is designed for data collection and analysis. This tool can help you with your business as it will generate comprehensive reports that you can easily prepare and distribute.
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