Accelerate the financial close process, improve compliance, and boost the integrity of financial records with Cora FinancialControllership.
Cora FinancialControllership Highlights
30%improvement in reconciliation efficiency
Built on Genpact Cora, Cora FinancialControllership integrates with R2R service modules and automates closing, reconciliations, and journal entry processes.
Clear transparency of open and unreconciled items, and insight into the status of month-end close activities.
Automate reconciliations across balance-sheet categories. Cut cycle times with configurable templates, automated transaction matching, embedded dashboards, exception management, reviews and approvals, account balancing, and audit trails. This module also tightens control, identifies exposures, and prioritizes effort.
Journal Entry Controller
Reduce compliance risks from manual journal adjustments performed under pressure by automating the preparation, review, and approval of journal entries. You can also use standard templates for tracking adjustments, exceptions, and validations for high-volume, non-automated journal entries.
To automate intercompany reconciliation, Financial Controllership has templates for managing reconciliations, adjustments, exceptions, intercompany settlement, and validations.
The close controller provides visibility into the status of all close process activities in real time. It defines activity details, and offers proactive alerts and escalations. This module includes audit trails for each closing task, and reporting and analysis tools to optimize the financial close and make effective use of resources.
Improve team productivity by making it easy to respond to requests for ad hoc reports. This module offers real-time request tracking, load balancing, and mandatory managerial reviews to help finance teams determine whether existing reports can be used for internal stakeholders and deliver new reports.