D Finally, a solution for stress-free stress-free financial closings!
Regulatory reporting and accounting reconciliations made easy!
Monthly, quarterly, and annual, the financial closing process is a source of stress andconstraints for you. Long hours of manual work await, including verifications,certifications, and controls… You face:
Fragmented Data
Between your ERPs, accounting software, and digitaldocuments, you waste time collecting the necessary data for certification.Additionally, you may be dealing with missing, outdated, or inaccurate data.
Challenging Journal Adjustments
Poorly estimated provisions or adjustments,complex adjustments, and a lack of visibility into discrepancies complicate theprocess, making it increasingly tedious.
Stressful Account Certification
Incorrect data and lack of visibility intoconsolidated financial statements cause delays in certification, especially giventhe tight regulatory deadlines.
How XCERT and XREC Can Help
To address all your challenges, a complete solution integrated with your tools can helpyou be:
Efficient
The isolation and direct visibility of discrepancies on XREC allow youto focus on clearing and adjusting journal entries. You also benefit from a historyof the justifications provided for each discrepancy.
Compliant
Automation drastically reduces human error, and the completehistory of actions makes internal and external audits easier. Certification isautomated, as is report generation, giving you all the tools to meet yourdeadlines and legal obligations.
On Time
Automatic centralization of financial data from different sources savesyou considerable time and eliminates the need to search for data in multiplelocations. Real-time data integrity verification ensures the accuracy of the datayou need for your tasks.
You’re never in a rush
The XCERT solution lets you set up monthly, quarterly, semi-annual, or customizableaccount balance justifications. You can also strengthen your account balance controlprocess with a multi-level workflow (submitter, approver, validator). You have a clearand accurate view of your accounts throughout the fiscal year, ensuring compliancebefore the deadline for your annual closing.
Automate, Centralize, Standardize
Paired with XREC, XCERT provides a unique platform for total control. It offers a robustand high-performing system that lets you automate, standardize, and structure yourreconciliation and certification processes on a single platform. During accountingrevisions, the justification of your suspense, treasury, third-party, asset, and otheraccounts is automated and standardized, freeing up time for higher-value tasks.
You face volume and regulations !
The XCERT solution helps ensure regulatory compliance. The risks of errors or controlfailures are minimized through a complete audit of actions within the solution. Thequality and speed of the closing process are improved with automation and the removalof manual tasks in your account justification, no matter the data volume. Each step ofthe account justification process is fully traceable with a dedicated audit trail. You cancompare account changes at each period to assess the relevance of the actions taken.
