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Oracle Applications® can be difficult and
expensive to change after implementation. Yet change is
necessary for any business to succeed. Some of the most common reasons
that drive the need for
changing Charts of Accounts include:
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- Reorganization. Market forces
push businesses to expand and contract services,
products and human resources.
- Mergers and acquisitions. It is
nearly impossible to align the Charts of Accounts
for two companies, no matter how similar they may appear.
- Institutional and regulatory
requirements. Companies often need to standardize
their operations or comply with new regulations, such as
Sarbanes-Oxley.
- Outgrowing the ranges in the
current Chart of Accounts. Without FlexField software,
businesses can find it difficult to track new business or write
accurate reports.
Growing businesses can exhaust the available values that were adequate
during
the original implementation.
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FlexField software restores flexibility to your Oracle Applications and
includes additional features that
increase accuracy.
Define your new accounting flexfield and map your old flexfield to the
new one. FlexField software
recognizes the Oracle Application constraints, translates the
code-combination ID (CCID), and updates
all transactions automatically. With FlexField, you can:
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- Change your accounting
flexfields as often as your business changes.
- Add or delete one or more
flexfields without endangering the integrity of other data.
- Comply with regulatory demands
without lengthy and expensive reimplementation.
- And much more!
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