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Analytics & Reporting for General Ledger & Financial Close

Automated analytics & reporting function supporting General Ledger & Financial Close. Part of the General Ledger & Financial Close capability.

Business Outcome

time reduction in data entry and reconciliation tasks, reducing average time from 30-60 minutes to 15-30 minutes.

Complexity:

Medium

Time to Value:

3-6 months

Why This Matters

What It Is

Automated analytics & reporting function supporting General Ledger & Financial Close. Part of the General Ledger & Financial Close capability.

Current State

(Traditional)

Data Collection: Financial data is collected from various sources including transactional systems, bank statements, and invoices.
Data Entry: Manual entry of data into the General Ledger (GL) system or automated data import from other systems.
Reconciliation: Monthly reconciliation of accounts to ensure accuracy between the GL and subsidiary ledgers.
Financial Close: Closing the books at the end of the accounting period, which includes adjusting entries, accruals, and deferrals.
Analytics Preparation: Data is prepared for analysis, including aggregation and transformation of data into a usable format.
Reporting: Generation of financial reports (e.g., balance sheets, income statements) using reporting tools.
Review and Approval: Reports are reviewed by finance teams and approved by management.
Distribution: Final reports are distributed to stakeholders via email or shared drives.
Feedback Loop: Stakeholders provide feedback for future reporting improvements.

Characteristics

• SAP ERP
• Oracle Financial Services
• Microsoft Excel
• Tableau
• Power BI
• Email

Pain Points

⚠ Manual data entry is time-consuming
⚠ Process is error-prone
⚠ Limited visibility into process status
⚠ Limited automation in data collection and reporting
⚠ Inflexibility in reporting formats
⚠ Dependency on spreadsheets leading to version control issues
⚠ Challenges in maintaining compliance with regulatory standards

Future State

(Agentic)

Data Collection Agent extracts financial data from various sources and consolidates it.
Data Validation Agent checks the data for accuracy.
Data is automatically entered into the General Ledger.
Reconciliation Agent performs automated reconciliations and flags discrepancies.
Reporting Agent prepares financial reports based on reconciled data.
Reports are reviewed by finance teams with the option for human oversight.
Feedback Agent collects stakeholder feedback for continuous improvement.

Characteristics

• System data
• Historical data

Benefits

✓ Reduces time for Analytics & Reporting for General Ledger & Financial Close
✓ Improves accuracy
✓ Enables automation

Is This Right for You?

50% match

This score is based on general applicability (industry fit, implementation complexity, and ROI potential). Use the Preferences button above to set your industry, role, and company profile for personalized matching.

Why this score:

• Applicable across multiple industries
• Moderate expected business value
• Time to value: 3-6 months
• (Score based on general applicability - set preferences for personalized matching)

You might benefit from Analytics & Reporting for General Ledger & Financial Close if:

You're experiencing: Manual data entry is time-consuming
You're experiencing: Process is error-prone
You're experiencing: Limited visibility into process status

This may not be right for you if:

Requires human oversight for critical decision points - not fully autonomous

Parent Capability

General Ledger & Financial Close

Transforms month-end close from a 7-15 day manual process to a continuous 1-2 day automated close with real-time financial position visibility through AI-powered reconciliation, variance analysis, and consolidation.