[ NetClos... Reviews ](https://www.g2.com/products/netclose-by-netgain/reviews) [ NetClos... Reviews ](https://www.g2.com/products/netclose-by-netgain/reviews) # NetClose by Netgain Features ##### ## Reconciliation (9) Consolidation Data from multiple systems can be centralized into a single repository Management Financial information can be imported from multiple sources such as spreadsheets, text files, or databases Accounting Match invoices, payments, and bank statement information Built-in Accounting Accounting functionality within the system, not requiring integration with third-party tools Compliance Management Track and manage adherence to policies for any service, product, process, or supplier Task Management Create, manage and track all task activities and progression Tax Management Implementation of various strategies to manage tax obligations via planning and maintaining compliance Cash Flow Management Monitoring, analysis, and projection of the movement of cash into and out of a business over a specific period Financial Consolidation & Close Management Bring together financial information by collecting data from multiple ledgers and close financial processes Show More ##### ## Reporting (3) Report Types Provide multiple types of reports such as point-in-time snapshot reports, or year over year Standard Offers standard financial reports out of the box Custom Allows users to edit reports and to combine multiple reports Show More ##### ## Closing Process (3) Audit Creates workflows to assign tasks for audit and inspections, monitor work in progress, timelines, and approvals. Journal Entries Adjusts journal entries in order to have an accurate balance sheet and income statement Distribution Financial statements and statistical reports (such as KPI) can be assembled into financial packages Show More ##### ## AI - Financial Close (5) Autonomous Task Execution Capability to perform complex tasks without constant human input Compliance Uses AI to ensure the following of rules and creates detailed audit trails which helps compliance and audit preparation. Reconciliation Uses AI to match transactions across accounts and systems, and flag exceptions and discrepencies. Data Collection Uses AI to extract, clean, and validate financial data from disparate sources, while identifying errors and inconsistencies. Analysis Generates AI-assisted financial reports and provides thorough analytical insights. Show More ##### ## Additional Functionality (23) Third-Party Integration Addition of necessary external data, applications, tools, or features Reporting/Analytics View and track pertinent metrics to find patterns and gain insights from data Audit Trail A record of all activities within the system, including user access, changes made, etc. Visual Analytics Interact with data visualization elements, such as charts and graphs, to drill down into data Income & Balance Sheet A statement detailing the financial position of a business including assets, liabilities, and equity at a certain point in time Profit/Loss Statement A type of financial statement used to record and report an organization's revenues, costs, and expenses over a specific amount of time Financial Reporting Generate reports to assess the financial performance of an organization Generative AI Use AI to generate content in the form of text, images, videos, etc. Multi-Currency Manage and handle various international currencies Alerts/Notifications Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges Accounting Integration Integrate with a third-party accounting system General Ledger Centralized accounting record which tracks all financial transactions Multi-Country Pay employees in multiple countries using correct currencies and correct tax deduction amounts Dashboard Assembly of graphs and charts for visualizing and tracking statistics/metrics AI Copilot A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users Cost Database Collection of data related to the costs associated with various items, products, services, or activities Financial Templates Checklists An itemized to do list that can be edited as tasks are completed Receivables Ledger A list of customers and their payments due updated on a monthly basis Multiple Projects Ability to handle several projects simultaneously Accounts Receivable Track outstanding invoices and the money owed from clients Accounts Payable Track money owed to a company's creditors/suppliers Budgeting/Forecasting Create budgets based on historical data and future projections Show More ## Top-Rated Alternatives [ ![FloQast](https://images.g2crowd.com/uploads/product/hd_favicon/78861d3dfdeb104e5b7f6fb16ac800ee/floqast.svg "FloQast") FloQast 4.6/5(1,413) ](https://www.g2.com/products/floqast/reviews) [ ![BlackLine Financial Close Management](https://images.g2crowd.com/uploads/product/hd_favicon/9e8d67134dcfec2c155e8e50cb68b578/blackline-blackline-financial-close-management.svg "BlackLine Financial Close Management") BlackLine Financial Close Management 4.5/5(1,069) ](https://www.g2.com/products/blackline-blackline-financial-close-management/reviews) [ ![Workiva](https://images.g2crowd.com/uploads/product/hd_favicon/8845cbdae0f5f9ef98fcde16c1e2f544/workiva-workiva.svg "Workiva") Workiva 4.5/5(2,148) ](https://www.g2.com/products/workiva-workiva/reviews) [ View All Alternatives ](https://www.g2.com/products/netclose-by-netgain/competitors/alternatives) NetClose by Netgain Comparisons ![Product Avatar Image](https://images.g2crowd.com/uploads/product/image/small_square/small_square_2dfa16f0de4caad91c6b0c3c4ec442a3/floqast%282%29.png "Product Avatar Image") FloQast 4.6/5(1,413) [ Compare Now ](https://www.g2.com/compare/floqast-vs-netclose-by-netgain) ![Product Avatar Image](https://images.g2crowd.com/uploads/product/image/small_square/small_square_558e0aa21ea4876096e0aff8f8e3b4dc/blackline-blackline-financial-close-management.jpg "Product Avatar Image") BlackLine Financial Close... 4.5/5(1,069) [ Compare Now ](https://www.g2.com/compare/blackline-blackline-financial-close-management-vs-netclose-by-netgain) ##### Categories on G2 [ Financial Close ](https://www.g2.com/categories/financial-close) ##### Explore More [ Best platform for secure file transfers in corporate offices ](https://www.g2.com/discussions/best-platform-for-secure-file-transfers-in-corporate-offices)[ Which log analysis system provides the best compliance reporting? 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