I certainly would to like to shave time off the month end close. Firstly, put an end to the boring manual tasks. Secondly, streamline the inefficient reconciliation processes. The result is gets numbers that accounts can trust. Therefore what is close software? The set of tools to complete your close process faster and with less risk and higher confidence.
Close management software helped me with all of that. For example it helps me keep my sanity intact. In brief, close management software helps accounting departments. There is no doubt it reduces close time, reduces errors, and streamlines financial reporting. Here’s how it works:
IT REDUCES DEPENDENCE ON MANUAL TASKS, FOR INSTANCE
ERPs and present day bookkeeping frameworks are incredible for follow up exchanges. They’re not incredible for accommodating record adjusts. That implies my staff depend on Excel to do every one of those tasks. To extract the information from my ERP to the spreadsheet requires a manual process for the most part and hence it is error prone. You should know that Excel can’t be secured. As a result, There’s no real way to follow when changes were made and by whom.
Close management software acts as the missing link. First, It connects between your ERP and your reconciliations. Second, close software automates my process of reconciliation. After that the process is a snap because systems can be easily compared. Some systems allow accountants to retain their familiar workbooks.
There is a dynamic link between the ERP and the reconciliations. When a journal entry throws a reconciliation off, the software flags this. I can then examine it as the exception. As a result I eliminated multiple versions of workbooks.
MY TEAM NOW HAS A STANDARD PROCESSES
My Excel checklists are great for keeping track of task. However they aren’t so good at sharing the instructions of the task.. Without documentation of how processes performed my team’s tribal knowledge becomes rampant.
With close management software, my departments’s processes can be easily documented. I create standardized workflows. My team continuously improve on them. When I add a new team member that becomes a piece of cake. I have no need to panic when a team member leaves. Someone else can pick up the pieces and keep the process active..
The best close software systems allow you to keep the work process the way you’ve established. They allow for the incorporation of your current checklists and procedures. If you don’t have processes, the system will help you create ones easily.
I CAN COLLABORATION EASIER
Traditionally, I control the process. I am the only one with access to the central checklist. The team no longer has a big picture view of the whole close process.
Close software makes the process transparent to everyone involved. It displays all the tasks and their status in a central dashboard. Everyone can easily see which controls are performed. Micromanagement is gone. There’s no need to waste time in status update meetings. In conclusion , no more endless email chains.
Job satisfaction gets a boost. Everyone on my team has a greater sense of ownership for their tasks. Above all, now creative thinking to find better solutions becomes the norm.
ALL MY DOCUMENTS ARE IN ONE PLACE
I no longer need to search bulky binders, file cabinets and email chains. Its easy for me to find that elusive document I need to tie out a balance. I even have the auditor’s PBC list. The Close software saves me a lot of time by storing documents with their associated accounting process. My new review process is faster. The dashboard shows My management team what’s ready for review. In conclusion all the documents the executives need are just a click away.
WE CLOSE FASTER AND BOOST ACCURACY AT THE SAME TIME
You have heard the traditional mantra for closing. You can get it fast or get it right. Honestly that is no longer the case. Our close management software helps my team get it done faster while making more accurate. The close software automates reconciliations, streamlines all my processes. The complex tasks are split into simple repeatable steps. In other words, it’s easier to get through them systematically and efficiently.
I AM CLOSING FASTER THEREFORE WE ALL HAVE MORE TIME TO DO WHAT REALLY MATTERS
When our management members get accurate numbers sooner, there’s more time for the strategic plan. We also now have time for higher order analysis. All this means we are ready to improve those results for the next month. I transformed my team of data processors into interpreters of information, for instance.
YOU SHOULD CHOOSE THE TOP-RATED SOLUTION. In conclusion Blackline
Gartner Defines Financial Close Solutions. Manage the financial close and apply appropriate controls throughout the accounting cycle.
Now that you know how close management software can help you save time and improve accuracy. Why not see how we can help you.
Blackline was created by accountants, for accountants. It’s an intuitive solution that fosters collaboration, we now report as a group together .
Blackline works with your existing checklists and Excel workbooks. You can be up and operational in less than two weeks. On average, Blackline customers close five days faster. Just imagine what could you do with three extra days every month?
ARE YOU INTERESTED TO LEARN ABOUT CLOSE MANAGEMENT SOFTWARE? WE CAN HELP YOUR ACCOUNTING TEAM. SEEING IS BELIEVING. SCHEDULE A DEMO TODAY.
Smart Analytics BI Software- What is Smart Analytics Software?
Organizations are looking for technologies that help more people do sophisticated analysis. Smart Analytics BI Software is the solution.
Software vendors, are investing in analytical capabilities that help anyone—from data scientists to business users—get to answers faster and uncover unanticipated insights. Through machine learning, statistics, natural language, and smart data prep, we are making analytics more approachable to users of all skill levels. That is the definition of Smart Analytics BI Software
All things considered, in this digital age, it’s easier to get your hands into data. Above all the goal is to utilize data in gathering insights that would lead to the optimization of your business performance. The challenge now comes in extracting crucial information from your data that you can actually use to leverage decision-making and analyze trends.
Using Smart Analytics BI software at Canadian online casinos is one way to understand your customers and make the most of their experience. Analytics can provide managers with insight into customer behavior and other factors that may affect their earnings. By using the right analytics software, zodiac casino managers can make the right decisions and maximize profits. The Smart Analytics BI software used by online casinos can help operators do this.
Since this process is prone to losing metrics and trends in the mass of information, it is logical for businesses to use tools and software programs to transform raw data for human consumption by automating algorithms and mechanical processes. With the plethora of solutions available at your disposal, we compiled the leading data analytics software products in the category to check out.
We make your data more accessible by:
saving you from the usual routine of searching, downloading and processing data from numerous internal and external sources. We provide access to verified and visualized data for you, your co-workers, clients and partners.
We make your data more valuable by:
helping you to get maximum benefit from information you have. We explore and combine various sources of data, and apply the best analytical tools and technologies creating a product that will improve your performance and increase the intellectual capital and the value of your business.
We make your data more profitable by:
opening up new ways of using it for cost reduction, raising the quality of service and identifying promising market outlets. Our solutions will assist you with efficient planning and identifying specific business recommendations.
KEY AREAS THAT SMART ANALYTICS SOFTWARE CAN HELP YOU IN.
Data Management & Big Data
Intellectual processing of Big Data from both internal and external sources
Data collection and processing
Integration and harmonization
Data quality management
Automated data collection from internal and external sources
Big Data projects
Business Intelligence & Visual Discovery
Our user-friendly tools make light work of:
Data visualization and infographics
Reports and presentations
Flexible Online Analytical Processing (OLAP)
Advanced Analytics and Forecasting
Comprehensive software solutions based on economic and mathematical modeling and machine learning
Time series analysis
System dynamics modeling
Scenario Analyses (what if and what for)
Developing mobile applications for analytical and operative tasks
Applications for data access and search
Mobile Office for top managers
Individually tailored apps for internal and external users
CHOOSE THE TOP-RATED Smart Analytics BI Software
Smart Analytics BI Software has helped transform hundreds of thousands of businesses around the world by providing self-service analytics at scale. Here are top reasons why customers have chosen Smart BI as their analytic platform solution:
High value| Users can start free with Desktop. Organizations can then choose to license users individually at a low monthly cost or extend business intelligence broadly with Smart BI Premium—purchasing only the capacity that’s needed. Since BI integrates with their existing tools, it’s instantly familiar and quick to transition.
Comprehensive analytics solution | Comprehensive capabilities allow users to model, analyze, and author to deliver business insights. Organizations enjoy a flexible architecture that provides strong integration with Microsoft and 3rd party products and technologies for streamlined deployment.
Centralized management | Organizations can deploy in minutes and distribute BI content with just a few clicks. They can take advantage of the agility of self-service analytics with IT governance from Smart BI.
Global scale | Organizations have the flexibility to deploy their BI solution where they reside with global presence. BI provides guaranteed reliability and performance from a trusted company.
Security, governance, and compliance | Organizations can rely on a BI platform that helps comply with stringent industry standards and certifications, plus keep their data secure and control how it is accessed and used.