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- Financial Close Management
- Who it's for
- Multi-entity finance
Multi-entity finance
Coordinate separate entity closes with a shared review process. 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
Entity-specific calendars
Retain each entity’s ledger period, currency and working-day schedule.
A consistent view of readiness
Close Manager can compare entity progress without merging their accounting scopes. Tasks, reconciliations and sign-offs retain the entity they belong to. A combined dashboard helps locate the remaining work, while source balances and required decision identities remain separate. One entity’s approval cannot release another entity’s ledger lock.
Traceable handoffs to consolidation
The connected ledger confirms its own period is closed before the system publishes a confirmed-lock event. Consolidation remains a separate process that consumes this evidence. A pending or failed lock request stays visible to Finance and cannot masquerade as a ready entity merely because the checklist was signed.
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.