Monthly Close & Consolidation
Close the Books in
Hours instead of Days
Financial Close and Consolidation is a critical monthly activity for every finance team. The executive team, board of directors, auditors, and a variety of regulatory agencies rely on these financial reporting packages and the insights contained within in order to understand current performance, changing trends and lessons learned, and the actions that need to be taken to optimize future financial performance.
Planful automates and accelerates financial consolidation and reporting cycles by collecting financial data from across the organization, automating close activities like currency conversion, journal entries, inter company eliminations, and allocation schedules, and giving you a single source of financial truth for all of your financial regulatory reporting requirements. Planful also empowers FP&A with the speed and control to transform actual data from a GAAP view to a Management view of the business, and then quickly incorporate those actuals into plans, forecasts, and reports.
Our customers compress monthly cycle times by 80% or more and save hundreds of man hours each year with the Planful platform. And the best part is we can have you up and running in less than 30 days.