Financial Close Process

 Increase visibility, automate employee tasks within your financial statement closing process

Optimize your month-end financial close process to increase visibility, decrease costs In many accounting departments, the monthly accounting close process means the onset of hurried employees tracking down data, pleading for analysis and pouring over spreadsheets. But, it doesn’t have to be that way.

Increases confidence in close completeness

By reducing manual tasks with OnBase, organizations:

• Increase the speed and accuracy of the financial close, ensuring all tasks are completed on time or ahead of schedule
• Make better, more informed decisions because staff have all needed documentation to perform required tasks
• Have the time each month to make necessary adjustments or decisions

Empowers continuous improvement

The flexibility of OnBase lets you make steady and sustainable improvements in manageable increments, so you don’t disrupt monthly financial close processes. By enabling business agility, accounting departments:

• Focus on more value-added tasks like strategic planning
• Maximize the utilization of employees
• Support organizational growth with the same amount of resources

Reduces costs

OnBase eliminates manual entry and tracking of financial close tasks with multiple spreadsheet-based checklists and emails. As a result, organizations:

• Eliminate the need for overtime and temporary staff
• Provide a better work environment, allowing employees to effectively balance workloads
• Speed up employee training and onboarding