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Average Ratings 0 Ratings

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ease
features
design
support

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Write a Review

Description

CloseCoda is a specialized solution created for the consolidation needs of Workday Financials, specifically targeting the challenges associated with multi-level hierarchy waterfalls and elimination processes that are not adequately addressed by native Workday functionalities. It streamlines the generation of consolidated trial balances and reports across various entities, levels, and timeframes, allowing businesses with intricate structures to achieve faster and more precise financial closures. Featuring automation tailored for efficient data consolidation, sub-level eliminations, and handling extensive column counts, CloseCoda can be customized to fit your organizational design and functions effectively as a turnkey solution during both the implementation phase and after going live. Additionally, it operates on a subscription model, ensuring continuous support and utility. Clients have noted significant reductions in the time spent on consolidation tasks, with implementations frequently completed in just 3 to 5 business days. The platform not only simplifies the implementation process but also enhances enterprise-level reporting capabilities across numerous projects or portfolio companies, delivering consistent and dependable consolidated data without the need for manual interventions. Ultimately, CloseCoda empowers organizations to optimize their financial processes, ensuring accuracy and efficiency in reporting.

Description

As familiarity with legacy consolidation tools wanes within your organization, they become increasingly difficult to support, leading to significant risks in your financial close process. The separation of financial consolidation from financial planning complicates the establishment of a unified source of accurate information. Relying solely on static spreadsheets is inadequate, particularly under the scrutiny of auditors. The process of generating consolidated financial statements should be streamlined, avoiding the pitfalls of being lengthy, manual, and prone to errors. With close cycles shrinking and regulatory demands intensifying, IDL Konsis streamlines finance and accounting operations by eliminating tedious manual tasks, allowing for a faster and more efficient closing process through fully compliant, standardized consolidations that address all aspects of group reporting. This commitment to excellence is a key factor in IDL's strong position within the corporate consolidation sector, ensuring businesses can adapt to evolving financial landscapes effectively.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

DATEV
Microsoft Dynamics 365
SAP HANA
Workday Financial Management

Integrations

DATEV
Microsoft Dynamics 365
SAP HANA
Workday Financial Management

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Kognitiv

Founded

2008

Country

United States

Website

kognitivinc.com/closecoda/

Vendor Details

Company Name

insightsoftware

Founded

2000

Country

United States

Website

insightsoftware.com/idl/idl-konsis/

Product Features

Product Features

Financial Reporting

"What If" Scenarios
Audit Trail
Balance Sheet
Cash Management
Consolidation / Roll-Up
Forecasting
General Ledger
Income Statements
Multi-Company
Multi-Department / Project
Profit / Loss Statement

Alternatives

Alternatives

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Longview Close

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