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- Financial Close Management
- Who it's for
- Controlled finance operations
Controlled finance operations
Connect period review with the evidence behind your control program. Financial Close Management brings the calendar, account work, review decisions and confirmed ledger outcome into one period-based workflow. Keep the original accounting sources and the people responsible for financial decisions clearly identified as the implementation is configured.
How Financial Close Management is set up for you
Documented control testing
Schedule the required occurrences from the company-approved test plan.
Independent conclusions and follow-up
Control tests retain their scope, captured owner, assigned tester and independent review. A finding keeps its remediation plan and actual disposition visible. Acknowledgment and disclosure evidence are separate from successful remediation. Finance can review the impact on period readiness without treating an approved test record as proof that every control was effective.
Scoped audit evidence
The period audit pack preserves the reviewed accounting and control evidence after a confirmed ledger lock. External auditor grants limits access to the explicitly authorized entity and period. Expiry and revocation apply to attachments and exports as well as normal pages. Later corrections preserve earlier packs so a reviewer can follow the history.
Features to start with
Roles on the team
- Controller / CFO
- Own financial review and final sign-off within assigned entities. Controller and CFO capacities have separately assigned authenticated signers where both are required.
- Close Manager
- Coordinate the close, resolve assignments and monitor readiness before requesting financial sign-off.
- Senior Accountant
- Prepare assigned reconciliations and independently review other assignments. Review journal entries within the effective threshold policy.
- Accountant
- Prepare assigned close tasks and account reconciliations with supporting evidence.
- SOX Lead
- Maintain the company control catalog and coordinate testing, independent review and deficiency follow-up.
- Internal Auditor
- Read the retained evidence independently. Concurrence is an explicitly scoped attestation, not management approval.
- External Auditor
- Read only explicitly granted entity-period evidence through an active, unexpired, unrevoked grant.
Set up Financial Close Management your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.