Turn financial closing into a dynamic and efficient process that unlocks valuable insights
For many accounting teams, traditional closing processes bring challenges like high costs from overtime, poor interdepartmental coordination, manual errors, and outdated policies that hinder efficiency.
Leading finance teams are transforming by adopting advanced technology for continuous closing. Genpact's Continuous Close Accelerator streamlines the shift, offering customized automation, insights, and process efficiency.
Industry-specific standard financial close calendars
Our neural network enhances your financial close process with tailored, industry-specific close calendars. Built on experiences from executing period-end closes for hundreds of global companies across diverse industries, it incorporates insights from business transformation experts. The calendars adapt to ERP systems, regions, and business segments, powered by a machine learning engine that continuously refines automation suitability, transaction frequency, and data flow for optimal efficiency.
Current financial close cycle visibility and benchmarking
The built-in diagnostic framework automates the assessment of your close processes, benchmarking them against industry standards for continuous close. It evaluates your effort across factors like activity type, workday, resources, and subprocesses. It also highlights metrics that capture the chaos of the month-end close process and its impact on reporting delays. Plus, it performs critical path analysis to identify slack and drive corrective actions for greater efficiency.
Scenario analysis for efficiency and speed impact
Advanced simulation scenarios leverage cutting-edge algorithms to reshape your finance processes, providing tailored roadmaps for transformation. The framework delivers task-specific solutions and real-time insights into their impact on timelines and effort. You can adapt our recommendations to align with your goals and change readiness, continuously measuring and quantifying the value of these adjustments as you refine your approach.
Future financial close cycle visibility and transformation roadmap
We create a window into your continuous close future. Select a scenario, and the system generates a tailored roadmap, offering a clear view of how transformation smooths the usual financial closing period peaks. It highlights opportunities to optimize time and effort spent on monthly and quarterly financial close activities, giving you better control and efficiency.
