Speed Up Your Financial Close
Take the tedium out of consolidations with automation to reduce the amount of time it takes for you to close the books.
Close Faster,
Get Back to Work
Financial close and consolidation typically relies on too many manual processes, disconnected and complex spreadsheets, email-driven collaboration, and huge manual efforts to gather and organize data. It all leads to a painfully slow and cumbersome process that drags on finance productivity and pulls them away from more strategic projects.
Planful’s financial close software integrates data from financial and operational systems to create a true single source of truth to drive every close. Automate tedious manual steps, ensure data integrity and visibility throughout the process, and empower finance to orchestrate the close process with greater collaboration and control.
Manual Financial Close
vs. Planful
Before Planful |
Planful FEATURES |
WITH Planful |
---|---|---|
Manually coordinate financial close activities |
|
Get faster, more accurate consolidation and financial close processes |
Struggle with spreadsheets to accommodate complex structures |
|
Simple processes for even the most complex structures |
Stress over security, compliance, and audit concerns |
|
Peace of mind knowing risk is limited and data is secure |
Spend days building internal, external, and regulatory reports |
|
Quickly design professional reports and automate report creation and distribution |
Waste valuable resources gathering and consolidating data |
|
Free up time and increase confidence in consolidation and resulting reports |
Proven Results
See What Happens When Teams Use Planful’s Financial Close Software to Automate Manual Finance Processes
Key Features
Built-in financial close workflow
Know where you are in the close process at all times with Workflow. Located in the Consolidation Control Panel, Workflow provides a visual snapshot of who and what work is completed, and what work is yet to be done. See which entities have submitted and validated trial balances, completed inter-company eliminations, and processed their consolidations.
Flexible financial close reporting and compliance
Dynamically report financial results in the views that are meaningful to your business leaders. Customize fiscal year end dates based on how and when you close the books. Use strong internal controls and security so only authorized users can access designated areas, and capture audit logs to see what adjustments were made and by whom.
Gather all the financial close data you need
Automate all of your critical close activities from multiple ERP systems and map entities to a single chart of accounts for consistent global reporting across the entire organization. Quickly load summary balance or transaction-level data directly from any general ledger, ERP, or other business system. Automate data connections from your ERP and other source systems so that your data is always current.
Related Use Cases
A trusted leader in Continuous Planning
Planful, formerly known as Host Analytics, Named a Leader in the 2019 Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions.
Named a Major Player in EPM Analytic Applications
Leader in CPM Value Matrix for Seven Years Running