North Carolina: First State-Produced Annual Comprehensive Financial Report (ACFR) on Oracle Cloud

When financial data lives in too many places and reporting depends on manual work, producing an accurate ACFR becomes slower, harder and riskier than it should be.

North Carolina faced these same challenges and modernized statewide financial reporting by implementing Oracle Cloud ERP, Financial Consolidation and Close Cloud Services (FCCS) and Narrative Reporting. This shift created a clearer, more efficient way to manage data and deliver more accurate financial reports.

View this on-demand webinar that takes a practical look at how North Carolina produced its first cloud-based ACFR. You will hear how a phased approach helped streamline reporting, strengthen auditability and improve confidence in statewide results.

In this webinar, you will learn:

• The reporting challenges North Carolina faced with legacy systems and what drove the move to Oracle Cloud
• How early EPM adoption supported the transition before full ERP deployment
• How automation and integrated Oracle Cloud tools improved ACFR speed, compliance and accuracy
• How stronger audit trails and real-time transparency improved end-to-end reporting
• Results achieved across more than 185 state agencies including faster timelines and better data collection