Close the books in days, not weeks
From task management and journal entries through multi-entity consolidation to entity certification and period lock. A 9-step engine handles currency translation, IC elimination, and ownership roll-up. AI predicts bottlenecks before they delay your close.
March 2026 Close
5 entities · Multi-currency
Entity Status
Consolidation (6/9)
Close task management
See every entity, every task, every dependency
10 task types with dependency chains, template-driven period setup, and AI-powered bottleneck prediction. Cortex identifies critical-path tasks before they delay your close. Learn more about the financial close process.
March 2026 Close
5 entities · Target: 5 business days
North America
USD · 78%
Europe
EUR · 62%
Asia Pacific
JPY · 44%
Latin America
BRL · 100%
Middle East
AED · 35%
9-Step Consolidation Engine
March 2026 · 5 entities · 4 currencies
Consolidation engine
9 steps from trial balance to consolidated financials
Balance carry forward, currency translation, ownership proportionalization, IC elimination, minority interest, equity pickup. Executed in sequence, idempotent, and fully auditable. Runs in minutes for multi-entity structures.
Intercompany elimination
IC matching, disputes, and elimination. In one view
Auto-match IC transactions across entity pairs. Flag mismatches as disputes. Generate elimination journals automatically during consolidation. See also intercompany elimination.
Intercompany Matching
4 transaction pairs · 2 matched · 1 disputed · 1 pending
North America
NA · IC Receivables
Management fees Q1
IP license, March
Shared services alloc
Inventory transfer
Europe
EU · IC Payables
Management fees Q1
IP license, March
Shared services alloc
Inventory transfer
Auto-generated elimination
DR IC Payable $170,000 · CR IC Receivable $170,000
Entity certification
Five stages from open to locked. No shortcuts
Multi-level review chain with prerequisite enforcement. All tasks complete, journals posted, reconciliations approved. Before certification.
Entity Certification
2 of 5 entities certified or locked
Not Started
In Progress
Ready for Review
Certified
Locked
AP
Asia Pacific
ME
Middle East
EU
Europe
NA
North America
J. Chen · Mar 12
LA
Latin America
R. Silva · Mar 10
Prerequisites enforced: all tasks complete + all journals posted + all reconciliations approved before certification
Built for enterprise close
SOX-compliant by design
Read how financial close automation reduces compliance risk. Built for month-end close teams.
Separation of Duties
Enforced at the API level. Preparers cannot approve their own tasks. Journal submitters cannot approve their own entries.
Complete Audit Trail
Every task completion, journal posting, certification decision, and period lock is recorded with user, timestamp, and context.
Period Governance
Five-stage period lifecycle: FUTURE through LOCKED. Entity-level locking. API-level enforcement: no mutations on locked periods.
Explore features
Every module, in detail
Compare with FloQast and Oracle EPM. Read our financial close glossary.
FAQ
See multi-entity consolidation with AI intelligence
5 entities, 4 currencies, 224 accounts. Consolidated in minutes.
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