For CFOs and controllers who dread the month-end close, automating the process is simplified with PowerClose software by InfoMoksha. The software application in both cloud-based (including Oracle Cloud) and on-premise models is designed to orchestrate and manage the start-to-end financial and subledger close processes across the enterprise. The software integrates fully with a company’s ERP system to automate and streamline the work activities associated with the close cycle and offers a workflow-based platform to ensure close cycle tasks are properly executed and reported.
Managing all the activities that need to be performed in each accounting subledger at the end of the month to close that period can be a headache when this data is not organized. So, PowerClose is designed to both manage this activity data and automatically transfer all necessary data to the general ledger while also tracking the additional tasks that need to be completed in the general ledger. It is also fully integrated with the ERP system, which means tasks that are done within the ERP system are immediately recorded in PowerClose and the data is stored for later reference, including during audit time.
PowerClose is the only software with an automated close feature, allowing users to schedule close activities. It allows for automatic closing of a period in the customer’s ERP system upon completion of certain activities, such as closing Purchasing and Inventory periods upon confirmation of final shipment. This means fewer checks and balances need to be done manually, which cuts down on employee working hours.
To mitigate tracking and following up on time consuming financial close activities, PowerClose offers users a bird’s-eye view of all essential tasks. A dashboard that allows the user to monitor all activity in one place eliminates the need for the constant tracking of tasks.
For more information on PowerClose, contact InfoMoksha at 1-408-893-9750, email [email protected] or visit www.infomoksha.com.