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Close Management

Incorporate streamlined and cohesive workflows to reduce cycle times, mitigate the risk of control failure, and enhance the integrity of financial statements.
Overview Benefits Features Challenges Implementation Pricing Resources Contact

Finance teams can expedite the financial close process by automating inefficient manual tasks like journal entries, account reconciliations, variance analysis, and intercompany transactions. Additionally, reducing reliance on spreadsheets ensures the accuracy and timeliness of financial statements. It centralizes all your financial information in one place, empowering your accounting staff with convenient, permission-based access. This streamlines the process, enabling quick retrieval of necessary financial information, efficient report generation, and accurate closing of books. With automation and real-time financial data at your fingertips, you can adopt a continuous or rolling close process. This approach enables accounting teams to maintain up-to-date accounts on a daily basis and readily provide financial information throughout the monthly reporting cycle.

Improve Efficiency

Optimize and automate repetitive tasks, including account reconciliation and transaction matching, resulting in enhanced efficiency and minimized errors.

Ensure Compliance

Enable adherence to international accounting standards and facilitate consolidation of financial data, ensuring compliance with intricate rules and regulations.

Timely Financial Updates

Maintain real-time account accuracy on a daily basis and provide readily available financial information at any point during the monthly reporting cycle.

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Unified

Bringing data, technology & expertise together to transform your business and make future-ready.

Connected

Integrating different varieties of data to enhance transparency, insights, and transform digitally to capitalize on data and innovate without boundaries.

Interoperable

Reliable & Resilient – your platform & partner for digital transformation without limits.

Accuracy, Efficiency, and Trust

Experience a multitude of benefits that awaits

  • Achieve compliance with accounting standards and regulatory requirements by streamlining the financial closing process.
  • Enable organizations to make informed decisions, identify areas for improvement, and enhance financial performance.
  • Maximize the utilization of time and resources, resulting in significant savings.
  • Experience a seamless and error-free consolidation process, offering utmost satisfaction.
  • Generate trustworthy and consistent reports to provide valuable insights into financial data.
  • Mitigate potential financial uncertainties by reducing exposure to risks and implementing preventive measures.
  • Streamline your workflow with the automatic generation of journal entries.
  • Identify and address discrepancies diligently to maintain accurate financial information.
  • Employ the meticulously crafted standardized checklist for closing procedures to maximize efficiency.
  • Gain a comprehensive comprehension of the entire closing cycle to ensure proficiency in handling all associated tasks and activities.

Prominent attributes to enhance your organization

Simplify and streamline your organization's complex processes with Nirmalya Enterprise Resource Planning, an all-in-one enterprise resource planning platform.

Close Checklist

Enhance the efficiency and accuracy of your financial close process with our innovative platform. Equipped with a meticulously designed standardized close checklist, it guarantees seamless completion of closing tasks in the correct sequence. Gain a comprehensive understanding of the close cycle, enabling accounting staff to work more effectively, while empowering department managers to easily track progress. Simplify your financial operations and optimize productivity.

  • Gain a comprehensive understanding of the entire closing cycle to enhance efficiency and accuracy.
  • Experience simplified financial operations that have been optimized to improve productivity levels.
  • Employ the meticulously crafted standardized checklist for closing procedures to maximize efficiency.
  • Gain a comprehensive comprehension of the entire closing cycle to ensure proficiency in handling all associated tasks and activities.

Bank Reconciliation

Revolutionize your financial management with our integrated account reconciliation and banking feature. With the ability to effortlessly import bank statement data, this solution ensures that your completed transactions are accurately matched to existing accounting records. Our intelligent platform automatically generates journal entries for missing transactions, saving you valuable time and minimizing the risk of errors. Furthermore, it diligently flags any discrepancies, bringing them to the attention of your accounting personnel for review and prompt resolution.

  • Seamlessly import your bank statement data without any hassles.
  • Ensure accurate matching of completed transactions for error-free financial records.
  • Streamline your workflow with the automatic generation of journal entries.
  • Identify and address discrepancies diligently to maintain accurate financial information.

Transaction Matching

Maximize efficiency and accuracy in managing customer payments with innovative transaction matching feature. No longer struggle with mounting receivables and discrepancies on your financial statements. It automatically matches customer payments with open invoices and seamlessly updates the general ledger. With reduced room for error, our solution ensures precise and reliable financial reporting, minimizing risk and ensuring that your statements are always accurate. Take charge of your finances and elevate your financial management with ease.

  • Optimize productivity and performance through streamlined processes.
  • Ensure precise matching of financial transactions through automated reconciliation methods.
  • Generate trustworthy and consistent reports to provide valuable insights into financial data.
  • Mitigate potential financial uncertainties by reducing exposure to risks and implementing preventive measures.

Financial Consolidation

Ensure accurate and efficient financial consolidation with advanced financial consolidation feature. Designed specifically for businesses with subsidiaries, this powerful tool simplifies the complex task of preparing consolidated financial statements. By automatically posting and consolidating subsidiary level accounts, it streamlines the close process and saves valuable time. Moreover, rest assured that our software enhances compliance with accounting standards and reporting requirements, promising a seamless and error-free consolidation experience.

  • Enhance operational efficiency by simplifying and optimizing the close process.
  • Ensure strict adherence to accounting standards and reporting mandates, promoting compliance.
  • Maximize the utilization of time and resources, resulting in significant savings.
  • Experience a seamless and error-free consolidation process, offering utmost satisfaction.

Dashboard and Reports

Attention to detail and accuracy are paramount when it comes to closing the books for a financial period. It offers an interactive dashboard that provides comprehensive visibility into your financial data. With seamless integration and automated reporting capabilities, you can effortlessly reconcile accounts, prepare financial statements, and generate compliance documents and reports. Unlock the power of precise financial reporting, gain insights into intriguing trends and patterns, and empower your decision-making process. Maximize efficiency and make informed choices that drive your business towards continued success.

  • Ensure timely completion of tasks by setting clear deadlines for the financial closing process.
  • Facilitate a seamless financial closing process by promoting collaboration and effective communication between finance teams and other departments.
  • Achieve compliance with accounting standards and regulatory requirements by streamlining the financial closing process.
  • Enable organizations to make informed decisions, identify areas for improvement, and enhance financial performance.

Resolving a wide range of challenges

Enhance efficiency

Streamline and automate repetitive tasks such as account reconciliation and transaction matching, leading to increased efficiency and reduced errors.

Standardize Procedures

Implement a uniform closing process to save time by directing staff towards specific tasks in the correct sequence.

Ensure Compliance

Incorporate embedded policies, support for international accounting standards, and the ability to consolidate financial data to ensure adherence to complex rules and regulations.

Enhance Reporting

Distribute financial statements automatically to both internal and external stakeholders, utilizing customized reporting formats to cater to the distinct needs of varied audiences.

Simplify Process

Eliminate laborious tasks, enabling accounting staff to allocate more time to identify and rectify errors.

Discrepancies

Regular bank reconciliation measures ensure comprehensive capture of all transactions within the accounting, guaranteeing accuracy and completeness of financial information.

We have significantly enhanced efficiency by centralizing, hosting, and making all our operations accessible in the cloud. Nirmalya Unified Platform has enabled us to support remote sales and customer service, offer an elevated level of service to our customers, and effectively manage our operations with real-time data.

Saroj Patro | CMD, Shoukeen Industries

Accelerated Value Realization

Our implementation strategy is designed to ensure that your business operations undergo a swift and seamless transformation, resulting in faster time to value. Our experienced consultants utilize a structured approach that combines extensive industry knowledge with the latest implementation techniques. This enables you to expedite the deployment of our powerful solution and experience a rapid return on investment.

Through our streamlined process, you can optimize productivity and streamline business processes with minimal disruption. We have consolidated the expertise gained from global deployments into a set of leading practices, providing a clear path to success and delivering rapid business value.

With Nirmalya, you can confidently expect to go live within a predictable timeframe through smart, stepped implementations.

How much does it cost?

Nirmalya offers its services to companies of all sizes, including startups, fast-growing businesses, medium-sized enterprises, large corporations, and non-profit organizations. We assist these companies in streamlining their operational capabilities without the need for significant capital and operational expenditures. By eliminating the burden of maintaining an Enterprise Resource Planning system, which typically involves investments in manpower, hardware, and software, we help companies focus on their core activities.

Our collaboration with companies involves an initial setup fee for implementation, followed by an annual license fee based on the modules chosen by the customer for implementation. As businesses expand, customers have the flexibility to incorporate new modules as needed.

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