Account Reconciliation Cloud Service(ARCS)

Oracle Account Reconciliation Cloud Service (ARCS) is a cloud-based financial reconciliation and transaction matching solution within the Oracle EPM (Enterprise Performance Management) suite. It helps organizations automate and streamline their account reconciliation process, ensuring accuracy, compliance, and efficiency in financial close activities.

Oracle ARCS is designed to manage and improve the account reconciliation process by providing automation, standardization, and real-time visibility into reconciliation tasks. It consists of two core modules:

1. Reconciliation Compliance

Ensures all accounts are reconciled accurately by assigning, tracking, and approving reconciliations.

Supports balance comparisons, variance analysis, and attachments for audit purposes.


2. Transaction Matching

Automates high-volume transaction reconciliations, such as bank reconciliations, intercompany reconciliations, and subledger-to-general ledger reconciliations.

Uses rules-based matching to auto-reconcile transactions and reduce manual efforts.

Key Features of Oracle ARCS:

✔ Automated Reconciliations – Reduces manual work by auto-matching transactions.
✔ Workflow & Approvals – Assigns preparers, reviewers, and approvers to ensure compliance.
✔ Real-Time Dashboard & Reporting – Provides insights into the reconciliation status.
✔ Audit & Compliance Support – Maintains a full audit trail for regulatory compliance.
✔ Integration with ERP Systems – Seamlessly connects with Oracle ERP, SAP, and other systems.