FlexiClosing is a must-have tool for Accounting Divisions and Shared Services Centers managed in an innovative manner.
Implementing the FlexiClosing system is a great way to systematize and streamline the month-end closing process. The capabilities of the system should be of particular interest to companies that want to reduce the time it takes to close the accounts or plan to optimize or restructure the work of the accounting team.
FlexiClosing provides features you won’t find in your financial accounting system. Below we present the most important capabilities of the system. We encourage those interested in learning more about the product to contact us directly.
By implementing FlexiClosing you will:
- ensure control of the process by providing information on the progress of work as well as occurring delays and risks
- improve coordination of tasks performed by different units during month-end closing
- reduce the risk of oversight or error during month-end closing by precisely indicating tasks to be performed by each person
- streamline the simultaneous work of the accounting team when closing the accounts for all client companies
Month-end closing process map
In the system you can define the tasks that make up the model schedule of the process, along with their deadlines and relationships. The system allows you to monitor the progress of work and to quickly identify delays.
Task status information
Each process participant has an individual “board” with tasks assigned to him or her. The user can easily view the details of each task or change its status by dragging it to the appropriate column on the board.
Formal month-end closing procedure
By integrating the existing instructions and procedures with the process map, the FlexiClosing system becomes a complete repository of knowledge about the month-end closing process. Accountants will find in it, among other things, detailed descriptions of individual tasks, including the list of operational activities to be performed along with information about files or documents to be collected and verified.
Management of absences and replacements
FlexiClosing solves most problems arising from absence. In the system you can easily define temporary replacements by delegating the absent employees' tasks to other people. The system ensures that the responsibility for performing work is always precisely defined, and the substitutes have access to necessary information and procedures.
All information in one place
The system screens have been designed to make accessing necessary information as intuitive as possible. Navigating between different screens and features of the system feels natural.
Personalized notification system
FlexiClosing improves communication during the month-end closing process. Each user is immediately notified of relevant events. The notifications are sent by email as well as promptly displayed on the system dashboard.
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