Financial Close Software Resources

Hello Albert - BlackLine’s Notebook functionality provides a centralized repository for users in any role to create and track notes for their assignments. It provides an alternate home for commentary which is valuable but not necessarily formal or intended for the eyes of auditors after certification. Notes can be linked to a reconciliation or a task in BlackLine, or they can be created ad hoc. Example use cases: An auditor creates a note to track a PBC deficiency and includes helpful instruction in the note for how to address the deficiency. A reviewer creates a note for a preparer to indicate additional documentation is preferred in the preparation of future reconciliations. The preparer will be able to see the details of this note and update the reconciliation without requiring the reviewer to decertify the reconciliation, an unnecessary step. At the same time, the note is not associated to the face of the reconciliation when it is certified, so unlike comments in BlackLine, the note will not be available for auditor scrutiny.

Prophix leverages Natural Language and Machine Learning AI skills to enable voice interaction in Prophix’s Virtual Financial Analyst. Prophix Virtual Financial Analyst allows you to analyze your financial data to quickly identify risky transactions that could pose unnecessary business risk or delay month-end, quarter-end or year end close processes. In addition, the Virtual Financial Analyst allows you to just talk to Prophix to automates repetitive tasks and distribute documents and it will give you a verbal overview of your dashboard.

FloQast offers a feature called FloQast Connect that will automate your trial balance uploads. This allows organizations with on-premise legacy or enterprise accounting systems can seamlessly integrate with FloQast. Direct ERP system integrations help accounting teams close faster and more accurately knowing their account balances are always up-to-date. You can find more information about it by visiting: https://floqast.com/products/floqast-connect/. Or, if you have additional questions feel free to send a note to your FloQast Customer Success Manager.