Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Effective financial planning is essential for maintaining a company's liquidity, as cash flow is crucial for operations regardless of the organization's size. Investing in a specialized budgeting and reporting solution is critical for all businesses, as it enables the creation of thorough financial planning and analysis. The challenge of preparing accurate consolidated financial statements across multiple companies can be significant, especially since many organizations typically conduct their financial consolidation processes annually. Each company’s financial strategy, budget, or forecast begins with a pivotal question that guides its direction. Furthermore, accurately forecasting sales pipelines is fundamental to developing comprehensive business plans and financial projections. This necessity extends even to non-profit organizations, where comprehending and managing primary revenue sources is essential for establishing a solid financial framework. Ultimately, a robust financial planning system can significantly enhance decision-making and strategic growth.
Description
CloseCoda is a specialized solution created for the consolidation needs of Workday Financials, specifically targeting the challenges associated with multi-level hierarchy waterfalls and elimination processes that are not adequately addressed by native Workday functionalities. It streamlines the generation of consolidated trial balances and reports across various entities, levels, and timeframes, allowing businesses with intricate structures to achieve faster and more precise financial closures. Featuring automation tailored for efficient data consolidation, sub-level eliminations, and handling extensive column counts, CloseCoda can be customized to fit your organizational design and functions effectively as a turnkey solution during both the implementation phase and after going live. Additionally, it operates on a subscription model, ensuring continuous support and utility. Clients have noted significant reductions in the time spent on consolidation tasks, with implementations frequently completed in just 3 to 5 business days. The platform not only simplifies the implementation process but also enhances enterprise-level reporting capabilities across numerous projects or portfolio companies, delivering consistent and dependable consolidated data without the need for manual interventions. Ultimately, CloseCoda empowers organizations to optimize their financial processes, ensuring accuracy and efficiency in reporting.
API Access
Has API
No
API Access
Has API
No
Integrations
Workday Financial Management
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
Account-Ability
Founded
1998
Country
United Kingdom
Website
www.account-ability.co.uk
Vendor Details
Company Name
Kognitiv
Founded
2008
Country
United States
Website
kognitivinc.com/closecoda/
Product Features
Budgeting
"What If" Scenarios
Yes
Asset Planning
Yes
Balance Sheet
Yes
Capital Asset Planning
Yes
Cash Management
Yes
Consolidation / Roll-Up
Yes
Forecasting
Yes
General Ledger
Yes
Income Statements
Yes
Multi-Company
Yes
Multi-Department / Project
Yes
Profit / Loss Statement
Yes
Project Budgeting
Yes
Run Rate Tracking
No
Version Control
Yes
Business Performance Management
Ad Hoc Reports
Yes
Ad hoc Analysis
Yes
Budgeting & Forecasting
Yes
Consolidation / Roll-Up
Yes
Dashboard
Yes
Key Performance Indicators
Yes
Predictive Analytics
No
Qualitative Analysis
No
Quantitative Analysis
Yes
Scorecarding
Yes
Strategic Planning
Yes
Financial Reporting
"What If" Scenarios
Yes
Audit Trail
No
Balance Sheet
Yes
Cash Management
Yes
Consolidation / Roll-Up
Yes
Forecasting
Yes
General Ledger
Yes
Income Statements
Yes
Multi-Company
Yes
Multi-Department / Project
Yes
Profit / Loss Statement
Yes