Get a holistic control of all financial close activities to seamlessly manage the financial closure for multiple entities and corporate as a whole. Optimize the complete process and increase transparency by gaining real-time visibility and access to required information. Receive alerts and notifications to drive immediate actions or corrective steps per the business needs.

Features of Newgen Financial Statements Close Process Software

Multi-level Governance Structure

Convenient routing of guided navigation and role-based workflows

Auto-initiation and activities assignment using the built-in scheduler

Visibility into stipulated lead time, expected turn-around-time, mandatory activities, etc.

Alerts and Notifications

Automatic triggers and notifications to owners via email about activity initiations/closures

Email triggers per the escalation matrix where tasks and activities are unattended, incomplete, or overdue

Comprehensive Dashboard

Categorization of sub-activities into “complete” or “no action required” to progress to the next sub-activity

Activity monitoring for quick decision-making

Activity Scheduling and Reporting

Daily, monthly, quarterly, yearly activities scheduler

Consolidated internal/external reporting (MIS/statutory)

Activity/sub-activities for each entity, group consolidation, and group reporting

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