Comparison · Light vs Oracle EPM (FCCS)
Light vs Oracle EPM (FCCS)
Oracle Cloud EPM Financial Consolidation and Close (FCCS) is a consolidation and close application that runs consolidation rules, intercompany eliminations, currency translation and close tasks over balances loaded from Oracle General Ledger and other sources. Light is one agentic ledger where every entity's transactions post, and consolidation and eliminations update as they do.
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In detail
Light and Oracle EPM (FCCS), compared
| Feature | Light | Oracle EPM (FCCS) |
|---|---|---|
| 01Where transactions are recorded | One agentic ledger; consolidation posts as transactions happen | Consolidates balances loaded from Oracle General Ledger, other sources or files; Enterprise Journals post approved journals to the ERP |
| 02Consolidation | One agentic ledger; consolidation posts as transactions happen | Runs consolidation rules, intercompany eliminations, ownership management and equity pickup over the loaded data |
| 03Currencies | Local payment rails in 80+ countries; multi-entity, multi-currency by default | Currency translation and FX adjustment calculations, with a cumulative translation adjustment account |
| 04Reporting | Real-time multi-entity reporting with instant drill-down; no spreadsheet exports | Pre-built forms and reports, dashboards, multi-GAAP reporting, automated cash flow and a Financial Analysis Hub |
| 05AI and agents | Agents complete work end to end inside your controls; every action logged and attributable | EPM Assistants built in AI Agent Studio, including a Diagnosis Agent that helps administrators with data retrieval performance |
Also in Light
Pay suppliers from the ledger
Approved bills pay from your own bank accounts on local rails in 80+ countries.
Cards and expenses built in
Spend posts to the same ledger as everything else.
Billing and revenue in the books
Contract invoicing and deferred revenue post straight to the ledger, so nothing needs a tie-out.
Implementation is included
A dedicated Light team moves your entities onto Light in weeks, with an account manager included.
Consolidate as transactions post
Oracle EPM (FCCS) loads balances from Oracle General Ledger and other sources, then runs consolidation rules, eliminations and currency translation. Light is the general ledger, so consolidation and intercompany eliminations update as every entity's transactions post.
- 01
Keep all of finance together
Oracle EPM (FCCS) works alongside the ERP that records bills, invoices and spend. Light holds supplier payments, customer billing, cards and the consolidation in one ledger, so nothing moves between systems.
- 02
Group reporting any day
Oracle EPM (FCCS) reports on the data loaded for each period, with dashboards and multi-GAAP statements. Light's reporting reads the live ledger across every entity and currency, with drill-down to the source document.
When to choose Light
- 01
Close every entity at once
Consolidation and eliminations update as transactions post.
- 02
The ledger is included
Light is the system of record: spend, AP, AR and the general ledger in one platform, with no ERP decision left open.
- 03
Implementation is included
A dedicated Light team moves your entities onto Light in weeks, with an account manager included.
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Read customer stories-
“We evaluated several vendors. Light won because it covers our full finance stack, revenue, AR, AP, expenses, and consolidation, without stitching together a patchwork of point solutions.”
Tanja, Director of FinanceOmnea -
“Even though we’re three entities, it’s like I’m running a finance department for one entity.”
Thobias, Finance ManagerAlva Labs -
“I really like that Light’s AI already gives me suggestions, GL accounts, cost centers, tax codes. I don’t have to start from scratch.”
Cédric, Finance ManagerOper Credits -
“Nine times out of ten the AI matches everything and posts it to the right account. One click and you’re done.”
Jeppe, CFOKeyShot
Built for the daily work
Bills through to payment
Capture invoices, route approvals and pay vendors from the same system.
Room to grow
One ledger built to handle billions of transactions across your business.
Trace every number
Open a report and drill straight into the transactions behind it.
Spending, under control
Expenses, vendors and cards connected to your ledger.
Expenses
Collect receipts, approve expenses and track spend as it happens.
Vendors
Keep supplier details, bills and approvals together. Apply your purchasing rules as work moves through.
Cards
Issue cards for employees and vendors. Pay with Apple Pay or Google Pay. Send receipts through Slack, Teams or email.
Frequently asked questions
Is Oracle EPM (FCCS) a general ledger?
It is a consolidation and reporting application that loads balances from Oracle General Ledger, other sources or files. Light is the general ledger itself, with consolidation built in.
Does Light handle currency translation?
Yes. Transactions post in their own currency and consolidate into the group's, with FX handled natively.
When does Oracle EPM (FCCS) fit?
When you are keeping Oracle Cloud ERP or several other ERPs and want a dedicated consolidation and close application beside them, with ownership management, equity pickup and multi-GAAP reporting.
How long does it take to move to Light?
A dedicated Light team moves your entities onto Light in weeks, with an account manager included.
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