ibinfologic

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Many firms struggle with the financial closing cycle because complex series of tasks must be executed on time and in the correct sequence to meet reporting deadlines. Typical closing cycles involve time-consuming manual tasks, such as journal entries, accruals, intercompany reconciliations and the gathering of financial data from across different systems for consolidation and validation for final report production.

Standardizing the closing cycle into a series of repeatable process steps and managing those steps in accordance with best practices and a tightly controlled schedule is key to achieving superior financial close performance.

Also the IT department lacks visibility of potential roadblocks across various modules. Providing greater visibility across modules, entities and ledgers will speed-up the close process.

1. AUTOMATED TASK SCHEDULING

   Establish task scheduling and automation, collaboration and monitoring across the entire closing cycle and across ledgers.

2. PROACTIVE MODULE BASED EXCEPTIONS INSIGHT

   Proactive view of upcoming month-end exceptions that potentially can delay month end. User-friendly guide on exceptions and how to resolve them.

3. REPORTS

   Controller's global view of the tasks in nicely presented drillable KPIs across ledgers and within ledger.

4. BUSINESS BENEFITS

   Rapid close through continuously improving close schedule and proactive month-end exceptions
   Increased efficiency and greater control through KPI reporting and oversight
   Improved productivity through improved coordination and collaboration
   Rapid time to deployment with simple configuration and powerful administration tools

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Whenever employee terminated or promoted the roles and responsibilities needs to be changed at various department levels.. The Human Resource Dept. needs to inform to every department to change the employee profile.

1. AUTOMATED ROLE MAINTENANCE

   EMPTERM automates the whole employ termination or promotion process.

2. AUTOMATED NOTIFICATION

   EMPTERM automatically informs to various departments with role change/updation.

3. BUSINESS BENEFITS

   Rapid seamless change of user role maintenance.