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Financial Close Optimization
The current financial close process for most companies is error-prone and labor-intensive. Managing risks and auditing this paper-driven process is very difficult. MDI Group’s account reconciliation process and associated templates and technologies can make the entire process more efficient and more accurate. By developing a custom process and standardizing it company-wide, the overall quality of financial reconciliations can be easily monitored and maintained. Built-in workflow virtually guarantees that the account reconciliation process will run smoothly, and where possible, automatically.
Our technologies seamlessly interface with all of the available ERP and GL systems as well as many subledgers to bring in all relevant data automatically. This eliminates the need for preparers to retrieve and re-verify account balances and activity. Extensive dashboards and reporting help provide compliance monitoring and reporting statistics. The account reconciliation process is optimized at every step to provide maximum value.
For more information about our Financial Close Optimization or our other Finance & Accounting workforce solutions, contact us today.
