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

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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