Financial Close and Control Assistant
Financial close demands rigor, coordination, and deadline compliance. Each period involves a succession of controls, verifications, and decisions to guarantee account reliability.
Fasfox builds AI solutions that assist financial close by automating controls, structuring steps, and highlighting points requiring attention.
When close becomes a race against time
As close approaches, teams must ensure all operations are properly recorded, discrepancies are justified, and necessary controls have been performed. Information is scattered across different tools, and coordination often relies on manual lists or informal exchanges.
This time pressure increases risk of oversights, errors, or late corrections, directly impacting account quality and team peace of mind.
Why controls are hard to make reliable
Close controls rely on often-static checklists and individual experience. Identifying inconsistencies, spotting unusual anomalies, or verifying completeness of processing requires constant vigilance.
As volumes grow or rules evolve, maintaining clear and comprehensive visibility becomes complex without automated assistance.
The Fasfox approach to financial close
Fasfox develops AI solutions that assist finance teams throughout close. The AI automates recurring controls, compares data across periods, detects atypical variations, and flags points requiring special attention.
Close steps are structured via smart checklists, adapted to context and internal rules. The solution provides clear visibility into progress and facilitates decisions before final validation.
How it works in practice
- Accounting and financial data are automatically analyzed.
- Recurring controls are executed according to defined rules.
- Discrepancies and atypical variations are detected.
- Targeted alerts highlight points to address.
- Close checklists are updated in real-time.
- Teams validate steps and finalize close.
Operational benefits
- Faster, more serene financial close
- Reduced risk of oversights or errors
- Better traceability of controls performed
- Clear visibility into close progress
- Stronger reliability of produced accounts
When this solution adds the most value
- Monthly or quarterly close under tight deadlines
- High volumes of entries to control
- Need to secure financial processes
- Drive to standardize and make controls more reliable
Deployment and integration
Fasfox deploys this solution by integrating with existing accounting and financial tools. Control rules, checklists, and alert thresholds are adjusted to internal practices and evolve with needs.
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