Period locks
Soft-lock for review, hard-lock after sign-off. Retroactive edits gated by approval and logged.
For the Controller
Close in days. Not weeks.
Period locks, intercompany eliminations, FX revaluation and reconciliations run inline. The controller signs off on a draft, not on a JE marathon.
What controllers get
The close, but actually finished.
Every step that drags out a typical month-end is automated, instrumented and audit-ready.
Intercompany eliminations
Inter-entity invoices and bills auto-eliminated at consolidation. Suspense and elimination accounts maintained per entity pair.
FX revaluation
Multi-currency balances revalued at month-end with auto-posted FX gain/loss to your chart.
Reconciliation
Bank, AR, AP, intercompany and tax reconciliations run continuously, not at month-end.
Role-scoped data
See and edit only what your role and entity scope allow. SOX-style segregation of duties enforced.
Audit trail
Every transaction has a source, every edit has an actor and timestamp. Period-bound reports for the audit team.
Period close
Sign off, not start over.
The close-cycle dashboard shows what is reconciled, what is pending and what needs review. Controllers march through the checklist, knowing each item ties back to source records and a timestamped sign-off.
- Pre-built close checklist per entity, per period
- Continuous reconciliation means no end-of-month surprises
- Sign-offs captured with user, timestamp and evidence
- Period locks prevent retroactive edits unless approved
What controllers see
The close, by the numbers.
5 days Median close cycle (post-rollout)
−40% JE volume in close week
99.7% Bank reconciliation auto-match rate
0 Surprise variances after sign-off
Controller FAQ
What controllers ask before they switch.
How does period lock work in practice?
Two states per period: soft-lock (review) and hard-lock (closed). Soft-lock prevents transaction creation in the period; controllers can edit while reviewing. Hard-lock requires an approval workflow to reopen. Every edit during soft-lock is logged with actor and reason.
How are intercompany transactions handled?
Inter-entity invoices and bills carry an intercompany flag. At consolidation, both legs are eliminated and the difference posts to a configurable elimination account per entity pair. Profit-in-stock eliminations are supported for inventory transfers.
Can we run multiple GAAPs?
Yes. Local statutory books per entity follow local GAAP (US GAAP, IFRS). The consolidation layer applies group GAAP adjustments. Side-by-side views supported.
How does the audit trail compare to NetSuite or SAP?
Per-line-item, per-edit audit trail with source records linked. Exportable per period. Auditor-scoped access without sharing internal tools. Many controllers find the trail more accessible than NetSuite saved searches because every record links to source documents.
What about journal entries and adjustments?
Manual JEs allowed with mandatory description and supporting evidence. Templates for recurring JEs (depreciation, accruals, prepayments). Auto-reversal on the next period for accruals. Approval workflows per JE type and amount.
Walk the close cycle on your last quarter.
A 30-minute walkthrough of the close workflow on your group, your entities and your calendar.