Close the books Quicker
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Closing the books on time is a challenge for many organizations, often delayed by pending invoices, manual journal entries, and scattered departmental reporting. Our Close Books Quicker Solution helps you identify and resolve bottlenecks in your ERP system, automating processes that slow down your close. Whether it’s closing out pending invoices stuck in the approval workflow or automating journal entry checks, ThirdLine ensures your financial close process is faster, smoother, and more accurate.
Delays, errors, and inefficiencies in workflows and data management are common.
Invoices, requisitions, and purchase orders often get delayed in approval workflows, leading to bottlenecks that hold up the close process.
Manually entered journal entries can be time-consuming and error-prone, leading to financial discrepancies that delay closing the books.
Department directors don't have the reporting they need to understand variance analysis in budget to actual and prior year to this year.
Without real-time access to financial data, teams struggle to track progress and spot bottlenecks quickly, leading to delays in the close process.
Delays in closing the books can lead to missed deadlines for financial reporting, compliance, and tax filings.
Errors in manual journal entries and pending workflows can result in incomplete or inaccurate financial reports.
When teams spend too much time chasing down approvals or correcting errors, it leads to inefficiencies that affect the entire organization.
Late financial closes hinder the ability of leadership to make timely, informed decisions, affecting strategic planning and cash flow forecasting.
The ROI for your local government or school district
Eliminate bottlenecks and delays, allowing your organization to close the books faster and move forward with financial planning.
Automated journal entry checks and real-time departmental reporting ensure that financial data is accurate and available when you need it.
By resolving pending invoices and streamlining workflows, your finance team can focus on high-value tasks instead of chasing approvals or correcting errors.
Without a clear picture of approved invoices and POs, its hard to know how much budget is left and therefore cash needed.
"That's why we are really excited about the opportunity to partner with ThirdLine where they do all the leg work including data analytics, identifying anomalies, and marking red flags, so that we can follow up on those anomalies and red flags. We just don't have the resources to spend time doing that and ThirdLine is a lot more effective. "
Finance Directors benefit from accurate and timely journal entries and approved items, enabling them to trust the financials
Department Directors gain transparency into their team’s financial performance and can ensure their data is submitted promptly, improving the overall close process.
Elected officials benefit from timely and accurate financial reports, ensuring that public funds are accounted for and reported on time.
Hundreds of Analytics helping leaders in Finance, AP, Purchasing, Audit, and I.T.
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