Approva Corporation - Controls Intelligence Software

What is Financial Close Insight?

Financial Close Insight automates controls monitoring for your financial close process. It flags unusual journal entries, inappropriate changes to the chart of accounts, and high risk configurations that can directly affect your financial statements.

Financial Close Insight Software Capabilities

Automated Reporting

Business-friendly, pre-configured reports provide detailed information. Reports are easy to configure and can be delivered in multiple formats including Microsoft Excel, Adobe PDF, HTML.

Detailed Monitoring of Financial Close Controls

Monitor general ledger master data and configuration settings as well as general ledger transactions related to fixed assets, depreciation, sub ledger data uploads, journal posting periods, threshold amounts, reconciliation, period-end close, reporting, and more.

Best Practice Business Rules

Use out-of-the-box rules to immediately assess financial processes. Easy-to-use graphical interfaces enable finance managers to write and update rules tailored to specific business needs.

Proactive Alerts

Managers have immediate access to financial control information. Automatic alerts notify managers as exceptions occur. Users can subscribe to receive regular reports via e-mail.

Reduced Fraud & Mistakes

Lower the potential for financial restatements by identifying fraudulent or inappropriate transactions as they occur so immediate action can be taken.

Reduced Audit Preparation Time

Eliminate time spent running reports, documenting approvals and investigating anomalies.

Automated Policy Enforcement

Automate controls for the financial close process and flag transactions and users that circumvent defined procedures without slowing down the close process.

Accelerated the Financial Close Process

Close the books faster by identifying and resolving issues more quickly. When issues arise, rule authoring capabilities support fast, detailed analysis.