financial-close-acceleration

What problem does it solve?

This Skill automates the complex and time-consuming month-end financial close process for multi-entity organizations, drastically reducing the close cycle from 7 days to just 4 days. It eliminates manual errors and ensures audit-ready documentation, freeing up CFO and Controller time.

Core Features & Use Cases

• Automated Reconciliations: Perform bank, intercompany, revenue, AR, AP, and fixed asset reconciliations.
• Multi-Entity Consolidation: Consolidate financials for multiple entities (e.g., ISPN, iGLASS, DxTEL) with intercompany eliminations.
• Variance Analysis: Generate actual vs. budget, month-over-month, and year-over-year variance analysis with commentary.
• Board Financial Package: Automatically prepare executive summary, consolidated P&L, balance sheet, cash flow, and KPI dashboards for board reporting.
• Use Case: Execute month-end close for November 2024, consolidate ISPN, iGLASS, and DxTEL financials, perform reconciliations, generate variance analysis, and create a board-ready financial package.

Quick Start

Execute month-end close for November 2024. Consolidate ISPN, iGLASS, DxTEL financials, perform reconciliations, generate variance analysis vs. budget, and create board financial package.