The new modules -- , and -- are all components in the latest update of the Oracle (EPM) suite of business intelligence tools, version 11.1.2, Oracle said on Wednesday.

The modules will be available this month, said Hari Sankar, Oracle's vice president of EPM product management. They can each be run in conjunction with Hyperion or deployed directly with enterprise-resource-planning general ledger systems.

Organizations would use the financial close module to speed the process of closing financial books during the end of a financial reporting cycle. "In a large company, this process gets complicated and touches many systems," Sankar said.

The module gives financial personnel a checklist of tasks that need to be completed, along with the status of the work being done. The module "streamlines financial consolidation. You move away from e-mail tracking and to a set of dashboards and reports," Sankar said.

The disclosure management module prepares documents that can be filed to the U.S. Securities and Exchange Commission. The software prepares these documents in the Extensible Business Reporting Language format, as per SEC regulations.