Topic

Financial Close & Reconciliation

In the world of Finance Operations, Financial Close & Reconciliation is a core component. This page highlights the importance and nuances of this process. You'll also gain insight into the technologies that make this process more efficient and reliable.

What is Financial Close & Reconciliation?

Financial Close & Reconciliation is all about the periodic completion of financial records. This means that all transactions of a given period have been processed and checked for completeness and accuracy.

Why is Financial Close & Reconciliation important?

An efficient and accurate Financial Close & Reconciliation is essential to an organization's financial reliability. The process requires numerous controls and multi-party involvement, often under tight deadlines to ensure timely reporting.

What technology do you need?

Optimal technology for Financial Close & Reconciliation improves accuracy and speeds up the closing process. An effective solution provides clear workflows for timely task execution and can analyze and match large volumes of transactions and data.

Typical technologies for this topic are:

  • CCH Tagetik
  • OneStream
  • Oracle
  • SAP Cloud Finance
  • Fluence Technologies

Financial Close & Reconciliation in a broader perspective

Financial Close & Reconciliation is part of the Finance Operations theme. Other important topics within this theme are General Ledger Accounting and Working Capital Management. These topics complement each other and enable organizations to operate with financial stability and confidence. Together, they form the basis for robust financial management and growth.

Cases
Delta Fiber & Finext: A success story in digital finance 
Delta Fiber & Finext: A success story in digital Finance
with Vena Solutions, CCH Tagetik and Microsoft
Bol.com & Finext: responding flexibly to the market
Bol.com & Finext: Flexibly responding to the market
with Vena
Flexible consolidation at Mourik with CCH Tagetik
Flexible consolidation at Mourik
with CCH Tagetik
Working together to implement CCH Tagetik at CreditAccess Asia
Implementing together At CreditAccess Asia
with CCH Tagetik
User-friendly efficiency gains at Meneba
User-friendly efficiencies at Meneba
With Vena Solutions
Improved commercial steering and cooperation between VodafoneZiggo and Business Partners
Improved commercial steering between VodafoneZiggo and Business Partners
By optimizing the complete chain from Sales to Finance.
Insights
Demo: Oracle Consolidation and Account Reconciliation
Themes
Technologies
Branches
SAP S/4HANA now leader in Gartner Magic Quadrant Cloud ERP
Themes
Technologies
Branches
Unboxing CCH Tagetik FIT
Themes
Technologies
Branches
Best practices for OneStream implementations.
Themes
Technologies
Branches
Account Reconciliation: Insights from 'our' Alwin Berkhout
Themes
Technologies
Branches
Account Reconciliation: Insights from Rico van Os
Themes
Technologies
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Business Planning & Analytics
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Anaplan
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