Financial Close Automation

About This Engagement

A global industrial corporation was struggling with a financial close process that took weeks, involved extensive manual reconciliation, and lacked real-time visibility into progress and exceptions.

The Challenge

Finance teams were spending excessive time on manual journal entries, intercompany reconciliation, and status tracking. The process was error-prone, difficult to audit, and couldn't scale with the company's growth.

• Multi-week close cycles with manual bottlenecks
• Intercompany reconciliation consuming significant FTE hours
• No real-time visibility into close progress or exceptions

CPS Solution

CPS automated the end-to-end financial close process — from journal entry preparation and intercompany matching to exception routing and status dashboards — integrating directly with the client's SAP environment.

"We went from a multi-week close to a streamlined process with full visibility. CPS made it possible."

Results

The client achieved a 60% reduction in close cycle time, with significant improvements in accuracy, auditability, and team capacity for strategic finance work.