As part of Wolters Kluwer, Tagetik Software is now CCH Tagetik. READ MORE

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Financial Close

The financial close marks the end of the accounting period when accountants close the books in order to prepare financial documents for reporting purposes. At this time, the finance team ensures all transactions have been accounted for and posted. Financials are then collected so that the gross and net balances are captured within financial records. And so begins the consolidation process.


In order to close the financials fast, companies need the following functionalities:

  • a single version of data
  • intercompany matching and eliminations
  • currency translation and multi-currency support
  • ability to define legal structures
  • ability to determine legal entities and reporting units
  • ability to set unlimited hierarchies to support complex ownership requirements
  • ability to define control groups between main accounts

Discover how CCH Tagetik Performance Management Software delivers:

consolidation & close