Account Justification: Simplify and Accelerate Your Accounting Closures
Account justification ensures the accuracy, transparency, and integrity of financial statements. Simplify your accounting closure processes with a solution built for your needs: advanced automation, rapid analysis, and seamless collaboration. Reliability, performance, peace of mind: regain control of your financial data with a tool that works for you and not the other way around.
A Clear and Optimised Justification Process for Your Teams
With user-friendly design for quick deployment and secure local hosting in Europe, Closing fits effortlessly into your global accounting closing processes. Organised by accounting cycle, it offers a unique blend of time savings and peace of mind for your accounting teams. The target: guarantee consistency and quality in the closure and account justification processes across all your subsidiaries.
Closing turns account justification into a simple, reliable, and high-performing process that streamlines every step:
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Advanced automation of repetitive and tedious tasks
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In-depth analysis of accounts
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Documentation and collaborative workflows simplified
Advanced Automation of Repetitive and Tedious Tasks
Streamline and automate your key reconciliation processes with a smart, intuitive tool that aligns your accounting practices while minimising errors, re-entries, and time-consuming manual tasks. Empower your teams to focus on strategic priorities.
- Leverage pre-filled reconciliation tables for quicker and more accurate tracking of impairments and changes in equity
- Automatically carry forward figures between periods, eliminating repetitive data entry
- Simplify change management with a solution designed around accounting cycles
Advanced Account Analysis
Seamlessly integrate your general ledger into the platform to perform comprehensive analyses directly within the solution, eliminating the need to query the ERP.
Access advanced analysis functionalities to quickly identify anomalies and risk areas:
- Review accounts by transaction age and assess the balances of the operations they reflect
- Conduct detailed aging balance reviews and dynamically recalculate them based on overdue or unpaid invoices
- Spot atypical entries with multi-criterion profiling (e.g., journal, user, third-party, or accounting scheme)
- Leverage inter-period analyses and analytical reviews to identify anomalies in balances quickly
- Tailor workflows and programs using cycle-specific analyses
- Design custom controls and analyses to address specific requirements
Simplified Documentation and Collaborative Workflows
Centralise data and enable seamless collaboration to streamline team productivity and enhance traceability.
- Assign specific cycles to team members, document every step, and guarantee transparent tracking of closure statuses with configurable workflows for full transparency and full traceability
- Maintain an audit trail of adjustments and status changes within closure cycles (e.g., “completed,” “in progress,” or “to be validated”)
- Attach supporting documentation directly to analyses, creating a centralized and comprehensive document library
- Use a tracking dashboard to monitor closure progress across all entities, ensuring a global and efficient overview
Ready to accelerate your account justification process?
Your Questions About
Account Justification
1. Why is account justification considered a strategic process?
Account justification is essential for producing accurate and reliable financial statements and maintaining regulatory compliance. It also serves as a central pillar in audit preparation and the accounting review process, helping to minimise anomalies and mitigate risks.
2. How does Closing simplify the account justification process?
Closing streamlines the process by automating repetitive tasks like reconciliation tables and variation reports, and by centralising all analyses in one platform. This ensures faster workflows, improved collaboration, and reduced risk of errors.
3. My organisation operates across multiple ERPs. Is the solution compatible?
Yes, the platform is designed to integrate seamlessly with diverse accounting structures and multi-ERP environments. It provides a unified view of your data, regardless of the complexity of your technical stack.
4. What immediate benefits can accounting teams expect?
- A significant reduction in manual workloads
- Instant identification of risk areas and critical focus points
- Reduced stress during closures, with centralised and instantly accessible data
- Improved team coordination and operational efficiency through a collaborative framework
