As recent headlines about Silicon Valley Bank and Signature Bank have highlighted, organizations can benefit from an effective Treasury function – whether run by a dedicated Treasury team or performed as a responsibility within the Office of the Controller. As companies elect to diversify risk by spreading their cash accounts across multiple banks, the Treasury function’s responsibilities increase in complexity as they must analyze and forecast the service fees from multiple financial institutions.

By introducing an innovative use of Oracle’s Account Reconciliation (ARCS) solution, The Hackett Group was able to extend the functionality of ARCS beyond the traditional Balance Sheet reconciliation and Transaction Matching use cases to a completely new use case. With this new extension, the 12-month summary level and individual month detail level bank service fee reports can now be generated in Excel, reducing the administrative burden on the Treasury function of an organization.

You are invited to attend an upcoming webinar where Art Yoshii, a Director within The Hackett Group’s Oracle Enterprise Performance Management (EPM) practice, will share how The Hackett Group simplified the bank service fee analysis process by integrating the Account Analysis (EDI/822) data files from nine different banks within a client’s existing Oracle EPM footprint.

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