Best Financial Close Software of 2024

Integrate data from any system within your company and keep it updated via manual upload from your computer, automatic connections to Google Drive, One Drive etc. Simetrik will automatically run your configuration in the future, allowing you to set up the matching rules against which your data will be compared. Simetrik will automatically update your custom reports and dashboards with reconciliation results. This will free you from repetitive tasks for good! Accessibility through SAML SSO, user provisioning and audit trails. Your cloud will store the customer's data. Privacy and compliance with GDPR. We create and maintain all information within a territory. The information is never transmitted outside of the territory. This ensures compliance with different legal requirements. We use many security controls, including encryption for data storage and transit.

Even the most complex closing processes can be speeded up while still meeting financial reporting standards and regulatory requirements. The SAP Financial Closing cockpit can help you increase user efficiency by allowing for central monitoring and control, as well as enhanced automation. Streamline and accelerate your accounting closing processes. Automate closing processes with event-driven execution and full integration of financial solutions from SAP. A simple cockpit interface allows task owners to collaborate effectively. All financial closing tasks should be recorded, along with the history and who did them. Track all stages of closing, including manual steps, transactions and programs, jobs, workflows and remote tasks. Simple configuration and powerful administrative tools are all you need to quickly implement SAP Financial Closing. Use a template-driven environment that is intuitive and intuitive to standardize closing procedures according to best practices.

Numeric helps leading teams to organize their closes, streamline reconciliations and use AI for auto-drafted flux analyses and lightning-fast reports. With recurring workflows, collaboration tools and centralized month-end closing, you can centralize and streamline your close. Numeric was designed to help you move as quickly as possible. Streamline your month-end closing with recurring workflows, automation and controls that are built for speed and efficiency. Track and manage the entire close in one place. This includes journal entries, reconciliations and flux analysis. Review notes, tasks and subtasks are also included. Set tasks to repeat at any frequency - monthly, quarterly, annual, or even on a custom schedule - so that you always have a checklist available at the right time. From one place, you can view and resolve comments, receive updates, perform reviews and more. Use rich-text, pinned links and more to document details so that all information is in one location.

Planful (formerly Host Analytics), is a trusted provider of cloud-based, scalable enterprise performance management (EPM), software solutions. Planful was specifically designed for enterprises. It allows users to connect realistic modeling data to financial and operational business plans, compare projections with outcomes, and collaborate directly with key stakeholders through a single interface. Finance teams can optimize their corporate performance by leveraging Planful to automate, accelerate, and align all of their financial processes.

Organizations are faced with a major challenge in this post-pandemic recovery: how to accelerate growth and digital processes. The Hackett Group's Account to Report performance study provides insight into the challenges finance organizations face since early 2020. It also shows how organizations responded to the disruption to deliver on time and offers best practices for overcoming the large performance gaps.

Flexi is a world-class platform for accounting that offers exceptional flexibility and support. Flexi is "just right size" for mid-sized to large-sized businesses. Flexi's sole purpose is to provide the best accounting software for multi-entity businesses and other complex accounting requirements, in the cloud or on-premise. Flexi has been delivering this software for over 30 years. Flexi, together with its partners, powers millions of users around the world. We are committed to the long-term with our customers' ever-changing needs and an innovative technology that is constantly evolving. Just like your business. We have the expertise to make your job easier, from modules like GL or AP to a whole suite. Our accounting system is capable of processing billions of transactions, from modules like GL and AP to an entire suite.

Axiom Software (formerly Axiom ERPM) is an enterprise performance management software that provides finance teams and executives with the best tools to budget, forecast, plan, report, scenario modeling, and reporting. Axiom Software helps finance teams be more agile and spend more time analysing data to understand the drivers that impact their organization. Axiom Software is a performance management software that is tailored to the needs of hospitals and healthcare systems. It has 30 years industry experience. Banks, credit unions, and other non-depository institutions can use strategy-based performance solutions to model the future and make data driven decisions. Advanced financial performance software for colleges and universities, based on proven principles and data-driven modeling. We want to make sure that users don't feel frustrated by a complicated, time-consuming software solution. Intutive software should empower finance professionals.

ReconArt, an enterprise-class web-based platform, is designed to automate all data reconciliation processes and integrate management. Our reconciliation software solution uses best practices and technology to keep up with digital transformation trends in finance and accounting. ReconArt's integrated functionality supports every aspect of the reconciliation lifecycle: from administrative management and data management, to robust transactional matching and exception management technology, to comprehensive, fully auditable reconciliation of balance sheets, as well as other supporting functionality like journal approvals or variance analysis. ReconArt's user-owned functionality allows for any type of reconciliation. This includes bank accounts, credit cards, payments, GL/suspense and AR/AP. It also supports ledger to subledger, intercompany trades, positions and balance sheets.

Trust in control software that isn't tied to one industry and covers all aspects of business planning. Don't let traditional planning systems that rely on Excel spreadsheets or non-standardized data go. Instead, lay the foundations of integrated financial planning and professional financial control that includes transparent budget planning. LucaNet's planning- and controlling software has been ranked among the best in BARC's Planning Survey. It was particularly well received by judges in the categories of data transfer, user friendliness and performance. LucaNet is a standard-based system that allows you to automate financial planning and budgeting, and then manage them in flexible ways. You can forget about complex data integration processes. LucaNet makes it easy to access information from the upstream financial accounting, HR and CRM systems databases.

The reconciliation should start with comparing the General Ledger closing amount to the sub-ledger, or other relevant sources (such bank statements or other documents from third parties). The two should be compared to determine if there are any differences. If necessary, correcting journals should be posted to the general ledger and sub-ledger. To provide visibility, anomalies should be recorded as reconciliation items. The reconciliation should be complete and the balances must match. All documentation must be attached. The reconciliation will be approved if it passes the review process. The standardised process and a framework can greatly improve the reconciliation process at each month's end.

Today, you can reduce the complexity and cost of your internal processes. Our cloud-based Cash Flow Management solution ensures that your business has the money it needs at the right time and in the right place. No more spreadsheets! You can get real-time visibility into cash flows, improve global accounting liquidity, make better business decisions, and have confidence in your cash flow position. We can provide the expertise you need, no matter where you are located. You can increase your productivity by spending less time reporting and more time analysing the how and why financial events. Real-time reporting on consolidated information reduces the time and cost for financial close and reporting cycles. This allows you to close the MIS reporting process at a record speed.

The Leapfin Revenue Platform allows you to increase accuracy, eliminate manual processes and gain instant visibility into your GAAP revenues numbers. Are you frustrated by the endless building that is never finished? Implementing ERP extensions and custom builds will save you time and money. You should be focusing on your company's growth by introducing new products, countries and business models. Your shoulders are responsible for IPO readiness, company growth, and audits. If you don't know your revenue, all of this is almost impossible. Don't sweat your next Board meeting. With on-demand visibility, you can avoid second-guessing yourself in your decisions. It is difficult to ensure accurate revenue numbers, and the volume of data makes it even more difficult. Communicate your revenue numbers with confidence to executives and auditors. Did you know that there is a pre-built, scalable, and flexible solution? The answer lies in a unified revenue subledger and financial data platform.

Every day, every quarter, and every year, finance has a lot of repetitive, manual tasks. Redwood's Finance Automation solutions use our industrial-scale automation technology. This technology gives business users the ability to design, deploy and operate transformative financial processes. Redwood Finance Automation improves efficiency, governance, and transparency. Finance professionals can now focus on gaining valuable insights through corporate reporting information, rather than just chasing data. These solutions support four pillars of finance processes, namely record to report, order cash, procure pay, and asset accounting. We offer automated solutions within record to report for close checklist, reconciliations, journal entries, and intercompany. Redwood automates as much as 85% in finance tasks that were previously performed manually.

Connect your enterprise for single-source clarity Automate processes. Data transformation can be automated. This is not a job for menial tasks. We created a platform that does what technology should do and allows you to concentrate on the things you love. Make an impact, not a headache. Spend your time on what matters most. Give numbers meaning by adding context. Shared datasets should be always up-to-date. Do not create another rogue spreadsheet. Instead, create reusable assets for your company. Collaboration is not for data sources. Combine data from all sources. Create reusable datasets. You should always have the right answers at your disposal. Because you don't need to. Our platform automates manual tasks like gathering data, updating narratives and numbers, keeping up with changes, managing authorizations, and much more. Is it magic or not? It could be.

AutoRek makes it easy to meet the regulatory obligation for client money/client asset protection. AutoRek makes it easy to manage your data and puts the power in your hand when it comes to automating systems. AutoRek provides robust automated reconciliation software that reduces risk, improves control, and increases efficiency. Our industry-leading technology allows you to automate data management and collaborates with you to process regulatory reports. AutoRek account reconciliation tools simplify the consolidation of data from different systems. Our solution offers transparency and governance to meet reporting requirements.

Longview Close automates data validation and consolidation to speed up the closing cycle. Our tool pulls data from all sources, Excel sheets and legacy EPM systems. This allows you to spend less time managing data, and more time creating data-driven insights. This report gives you an overview of market trends and customer satisfaction data. It also covers financial, operational, strategic, and performance management. Say goodbye to manual batch jobs. Say hello to better data visibility with detailed reporting and drill-down to source data. Our cloud-based, automated data administration coordinates consolidation activities so that you have one central platform for all performance data. Longview Close has the most plug-and-play apps in the industry.

IBM Cognos Controller facilitates consolidation, reporting, and close with the flexibility and affordability of a cloud-based system. It allows finance teams to automate the close process and speed it up with minimal IT support. It allows finance teams to deliver financial results, create financial and management reports, and give the chief financial officer (CFO), an enterprise view of key financial metrics and ratios. Automate your closing process and make it easier to provide certified financial information. Without the need for scripting, coding or complex language, you can easily define and maintain changing rules without any programming. Automate intercompany eliminations and allocations, currency conversions and acquisition calculations. With built-in workflows and status reporting, you can track data flow throughout consolidation and monitor performance of subsidiary reports.

From technology-driven corporate performance management to business process-driven corporate governance, With the help of business references models, guided workflows and process flows, you can build and operate robust CPM processes. Effective performance management can be achieved by a process-driven approach. With an intuitive interface and guided process flows, you can collaborate, participate, and execute the CPM processes effortlessly. Reduce complexities and empower business users for better business performance. You can seamlessly manage change and govern the process with enterprise-wide fine grain authorizations. An incident management system completes the CPM journey. You can forget about all the problems associated with traditional change management. You can address your business needs with a simplified process design that simplifies execution. You can use over 100 business reference models to help you implement a digitalized approach that is efficient and doesn't require manual execution.

Integration with accounting software. Integration with accounting software. Optimized GL reconciliation processing reduces processing time. Static accounts can be auto-certified. It replaces the need for boxes of supporting documents by structured electronic storage. In-recon productivity tools that save time Comprehensive reporting. Timeline for financial close. Improved control over month-end financial close processes Pool-based task allocation. Individual ownership and tracking entries within the pool. Detailled activities breakdown by team members. Detailled audit history. Auditors don't have to dig through boxes of supporting documents. All accounts can be accessed in one click. Rejection of any account will send recon back to the original preparer. Enhanced oversight of all reconciliation processes. Audit oversight processes are ensured by the timely reporting of work done by internal and external auditors.

Catalyst, a business-performance solution, sits on top a Data Lake that includes all your ERP data, Big Data sources, as well as any other data you may have. Imagine if you could instantly access game-changing insights from deep within your data. Does it sound too good to be true It allows you to quickly slice, dice, drill down, and drill into the data. Reports that used take weeks now take just minutes. All it takes is a push of a button. You can analyze big data alongside your own to create stunningly accurate budgets. From one source of truth, create financial and operational plans. Find out what is holding you back from maximum profit-ability. With just a few clicks, drill down to the transaction level for root cause analysis. Catalyst makes sure every number is tied out every time. You can now focus on what is important, which is analyzing and developing the business.

Aico provides intelligent automation for finance, from journals to closing. Aico modules offer a wealth of options to automate your routines. Aico's standard features include account reconciliation, closing, journaling, clearing, retrieving and updating live data from ERP systems, as well as journaling and journaling. Aico allows you to create flexible and adaptable workflows. Aico dashboards allow you to monitor and control the workflow of your documents. Dashboards provide efficient and simple-to-use search options and filters for finding and monitoring documents. This allows for flexible connectivity, extensive features, and open APIs to third parties. Aico can be extended to include OCR services, RPA, OCR reporting, and process mining tools. We support modern database features such as virtualization, in memory options out-of the-box, and easy platform administration. Aico's front-end is a modern HTML5-based solution, which works in most browsers.

Built-in best practices functionality, including dynamic calculation, makes it easy to get up and running quickly. You don't have to customize cash flow, balance sheet and income statement, rollovers, calls for action, and many other variables. With a preconfigured consolidation modeling, you can reduce the time required to meet global reporting requirements. Pre-built consolidation support allows you to reclassify, adjust, and eliminate data from any hierarchy. This will increase the speed and accuracy of the closing process. You can easily work with complex legal and management rollups, which may require unique calculations or reporting requirements. You can automate tracking key metrics throughout the organization to manage the close. You can either use standard calculations or create your own for business-specific needs.

Trintech's Adra Suite of Solutions enables you to automate and streamline your work, increase accuracy, reduce risk and better manage the financial close process. The suite seamlessly integrates to many financial systems, such as ERPs, which allows you to close faster and more confidently. Automated multi-way transaction matcher with Adra®. This allows you to focus on handling exceptions. Adra® Balder seamlessly integrates matched transactions into balance sheet reconciliations. Adra® Task manager provides full control and visibility of the entire financial close, from start to finish, through centralized checklists and documents. Adra®, Analytics offers customized reports and dashboards that highlight areas for improvement. Adra can support all ERPs and GL systems. This includes Sage Intacct, NetSuite, SAP ECC6®, SAP SAP S/4HANA® and many other options for simplicity across the entire IT landscape of an organization.

Avise automates the entire process, from task management to multi-entity consolidation. Avise was created with the simple belief that finance professionals deserve more. We've seen first-hand the frustrations and disappointments of relying upon outdated, clunky and inefficient ERPs, supplemental accounting tools, and other software. We built Avise as a modern General Ledger that is the backbone of an ecosystem of cloud-native finance. Avise is simple to use but powerful enough to meet even the most complex business needs. Avise empowers finance departments to automate manual processes and streamline tasks so accountants can focus on what they are best at: driving business growth.

Real-time FP&A right from your spreadsheet Modern times demand power and agility. Designed for all sizes of teams. Identify strategic opportunities and areas of risk. Build trust Collaborate and align across the organization with accurate insights and analysis. For today's business pace, move fast agility. Connect and transform all financial and operational data to provide accurate reports for any audience. Work with business managers to create accurate forecasts and plans that are based on the most current assumptions and drivers. For easy analysis and reporting, centralize disparate data sources and consolidate them into one source of truth. You can track versions and have visibility into data changes. Cube's intuitive software makes it easy to do more, and faster. It's the easiest-to use FP&A platform, from onboarding a single person to a cross-functional team.