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Period End Closing - Anacomp Inc, USA
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Period End Closing - Anacomp Inc, USA
Challenges
Financial period end closing is a generic process followed by almost every organization irrespective of industries. Manual handling of financial period-end closing is not efficient may create It is cumbersome to handle processing Period End Closing activities manually and difficult to track the status of these activities. There was no way to see the real-time consolidated view by management about the progress of the financial period-end closing activities.
The Client
Anacomp, Inc, USA – hold world biggest document repository
Industry
Document Management Services
Solution
We helped Anacomp, Inc to design and develop a generic solution for the period-end closing process for scheduled generation and assignment of financial PEC activities on defined frequency like month-end, quarter-end, half-year-end, year-end. The process solution also has a dashboard for management to view all task status more visually in the form of graphical charts.
Developed a generic solution for Period End Closing BPM to automate pre-configured Period End Closing related tasks generation and assignment to respective roles in the organization. It also enables real-time track and approval mechanism of all period-end activities.
Business Benefits
This solution automates the handling of the Period End Closing process and track activities.
- Following are immediate benefits,
- Better visibility on the processing of period-end activities.
- Configurable Frequency, Activities, and Roles
- Configurable Approval Mechanism
- Load versus Deadline Analysis to ensure quality.
- Integration with Legacy System to fetch activity data
- Integration with DMS to host financial documents