Financial Close (FC) is a time consuming, resource intensive process that has critical control implications for business decisions and regulatory reporting.

In addition, the need to close faster and report results more accurately is imperative for today's enterprises to avoid costly and embarrasing restatements. This is driving the need for new and better ways to manage these financial processes.

Traditionally this has been a manual process maintaining and tracking hundreds, if not thousands, of spreadsheets and other documents in an uncontrolled environment that is error prone and labor intensive. 

The problem is how not only to increase the speed of closing and reconciliation, but also improve the quality, accountability, auditability, efficiency, and regulatory compliance.

Compliance Driven Process Automation

Automating the financial close process provides a solution to enable standardization, speed up the processes and create efficiencies to reduce costs.  However, automation alone is not sufficient. 

Compliancy's Financial Close Plus! solution is unique because it lets you take advantage of all the work you have already done by automating existing or custom manual controls and provides additional built in controls to ensure compliance critical to improving the quality of the results, accountability, and adherence to regulations.

Plus! Compliancy allows you to extend the solution to automate other important financial and compliance processes. Don't buy a dead-end point solution - Future Proof your investment! 

Compliancy includes all critical compliance requirements such as segregation of duties, complete tracking and change control of all processes, certifications, control documentation and audit and issues remediation. 

Compliancy Provides a Better Solution

Compliancy provides a solution that addresses all these issues for automating, managing and ensuring compliance of Financial Close requirements. 

The net result is faster completion, faster issue remediation, reduced costs, improved compliance, better quality data, improved accountability and improved and more efficient auditability.

The Compliance solution is a single integrated BPM based platform that is forms and template driven making it easier to implement and use. 

Work you have already done can be easily utilized and then transformed via automation and built-in controls for additional benefits that cannot be realized with traditional methods.

In addition, Compliancy’s solution is a GRC platform that is extendable to automate any manual or custom controls for general business operations, any regulatory compliance requirement such as Sarbanes Oxley and any risk management framework.

A Better Way to Close

• Standardize the close process with customizable workflow templates for requesting, approval, monitoring, accounting and auditing of activities.
• Automation reduces the close cycle.
• Save time, money and resources
• All forms, documents and information regarding each close activity is organized saved in the electronic filing cabinet for easy access by management and auditors.
• Know exactly where you are in the close process with real-time visibility on all activities more detail on any task, process or document.

Plus! Automation of Other Key Finance and Compliance Processes

• Automate fixed asset and capital equipment request processes for efficiencies, reduced risk and visibility
• Manage credit evaluations, reviews and memos
• Templates available to automate AP, AR, Purchasing and other financial process templates are available
• Automate governance, risk and compliance processes (GRC)
• Customize templates to automate unique processes to support your organization.

Greater Benefits - Greater ROI

Compliancy allows you to start fast and expand as needed with a better ROI than single point solutions:

• Better business intelligence across the company about risks and compliance issues.
• More effective risk and compliance management, audit and remediation.
• Integrated, streamlined approach for easier implementation and expansion.
• Greater cost reductions as a result of reduced redundancy and more efficient utilization.

Our research has clearly shown 20-50% increase in savings versus more traditional methodologies and an increase in 20-30% faster response to issues.

For more information contact us at info@compliancy.com or call +1-919-774-1010.

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