Financial Statements Close Process

Eliminate strenuous manual monitoring while gaining a holistic control of financial close activities.

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 Financial Statements Close Process Automation Software - Financial Statements Close Process

Financial Statements Close Process Automation Software


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.

 -  - Financial Statements Close Process
Financial Statements Close Process

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
Financial Statements Close Process

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

Success Stories

Modernized digital policy servicing with Newgen - Financial Statements Close Process
Modernized digital policy servicing with Newgen
The US-based holding company seamlessly migrated 40 TB content from the legacy system and automated 100+business...
Created a digitally connected workplace - Financial Statements Close Process
Created a digitally connected workplace
The client is a Fortune 500 insurance company that provides personal, business, and specialty insurance. It is one of...
Document access anytime, anywhere - Financial Statements Close Process
Document access anytime, anywhere
Leading statutory authority of the Government of Australia migrates their registry system onto a single platform for...

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A Large US-based Annuities Implements Digital Policy...

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