Model and change your Oracle® chart of accounts as often as your business changes, without reimplementation, using eprentise FlexField software for Oracle® E-Business Suite. Newly acquired companies can change their chart of accounts to match the new parent company’s chart.
FlexField’s built-in knowledge base of Oracle® E-Business Suite provides a low-risk, low-cost way to make rapid changes to the accounting flexfield. Businesses can change their chart of accounts and bring in all transaction history over a weekend while maintaining relational integrity. Users also can model potential business initiatives in order to gauge the financial impact ahead of time.
How It Works
You define your new accounting flexfield and map your old flexfield to the new one.
Our software recognizes all EBS constraints, translates the code-combination ID and updates all related transactions automatically.
Result: Changes made to your Oracle® chart of accounts – without reimplementation.
Learn More About Eprentise Software
See how our FlexField software works, including examples and screen shots.
The most common reasons for changing charts of accounts include:
Mergers and acquisitions
Institutional and regulatory requirements, such as Sarbanes-Oxley
Need to track the business differently
Limited available values within ranges in the current chart of accounts