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Average Ratings 0 Ratings

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ease
features
design
support

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Write a Review

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.

Description

Tensoft’s MNC solution enables organizations to integrate financial data from various sources, thereby offering a comprehensive view of financial information across the enterprise, regardless of currency or geographic area. The accompanying graphic on the right demonstrates the functionality of Tensoft MNC, showcasing subsidiary companies at the base along with their respective currencies. This product effectively consolidates data from these subsidiaries, translating and aggregating it into a unified Dynamics GP Company. Both local currencies and the designated reporting currency are included in this process. By thoroughly understanding your multinational needs, you can effectively design your financial framework to optimize month-end reporting and everyday transactions. The pyramid on the left further illustrates how Tensoft MNC maximizes its advantages, emphasizing its pivotal role in financial management across diverse locales and currencies. Ultimately, leveraging Tensoft MNC can lead to enhanced clarity and efficiency in an organization’s financial operations.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Workday Financial Management Yes 

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 No 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Kognitiv

Founded

2008

Country

United States

Website

kognitivinc.com/closecoda/

Vendor Details

Company Name

Tensoft

Founded

1996

Country

United States

Website

tensoft.com/tensoft-multi-national-consolidation/

Product Features

Product Features

Financial Reporting

"What If" Scenarios No 
Audit Trail No 
Balance Sheet No 
Cash Management No 
Consolidation / Roll-Up No 
Forecasting No 
General Ledger No 
Income Statements No 
Multi-Company No 
Multi-Department / Project No 
Profit / Loss Statement No 

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