Close Management - Efficiency & Speed

Many CFOs are feeling pressure to reduce the time and risk of close management and reconciliation. Lack of visibility and multiple systems with fragmented data can cause a real bottleneck in your close process.

CFO’s today are feeling pressure to reduce the time and risk of closing every month faster and getting board ready financial statements produced more efficiently is taking too much time. Add in lack of visibility and multiple systems with fragmented data can cause real bottlenecks in the close process. Manual processes, unreconciled balances, and lack of documentation are just a few of the many costly risks of manual methods. If you had to combine this with multiple General ledgers work being performed in Excel is a slow and tedious process. 

Automate your period-end close activities with workflows and reconciliation of general ledgers, as well as aggregating data, tracking close processes, and providing a clear audit trail.

  • FYIsoft can connect into multiple general ledgers at a time, thus saving a tremendous amount of work by the CFO, finance and/or accounting team
  • Complete your period-end close process in hours versus days or weeks by automating a more efficient workflow
  • Drill down to the transaction level right from the report to ensure accurate reconciliations

Financial Close Management