The “last mile” of finance refers to final steps of the closing process and the internal controls leading to the public disclosure of financial statements. The financial and operational data that finance departments need to close the books, however, is often located in a number of ERP systems and other sources. Most financial departments extract this data and process it in spreadsheets or databases – without traceability, controls or process integration.

Tagetik CPM automates the financial close process by supporting the analysis of results from ERP and consolidation systems, the corrections and adjustment of entries and the generation of financial reports.

It ensures accurate reporting, increases the efficiency and reduces the risk of missed steps and errors.

Tagetik CPM main features:

• Interface with transactional systems
• Reconcile data from different systems
• Manage the entire workflow
  
• Automate controls
  
• Track different types of adjustments
  
• Development of the reporting period
• Automate production of periodic financial reports for regulators such as 10Q/10K, IAS/IFRS
  
• Trace the status of each item as to ensure user collaboration and responsibility
• Unifies closing process with the reconciliation and the compliance processes

FIND OUT MORE

• Why choose Tagetik CPM
• Tagetik CPM Demo
• White Papers
• Case Studies