Skip to main content


Close Manager – the Appropriate Tool to Manage Close Process

Don’t you wish you had data to evaluate the efficiency of your period-end close process? Wouldn’t it be nice to know where the bottlenecks are?

We live in a high-tech world, but it is not surprising to see large companies still using whiteboards to monitor progress of their accounting close process. Period-end close tasks are listed and assigned staff checks completed tasks. Some use emails to hand off dependent tasks to the next staff.

Oracle - Guide to Oracle Cloud: 5 Steps to Ensure a Successful Move to the Cloud
Guide to Oracle Cloud: 5 Steps to Ensure a Successful Move to the Cloud

Explore key considerations, integrating the cloud with legacy applications and challenges of current cloud implementations.

Get the Guide

Close Manager is integrated with Oracle Financial Consolidation and Close Cloud Service (FCCS). You can create schedule templates for Month end, Quarter end, and Year end close processes. You can incorporate all detailed tasks in the schedule and assign them to users and alternate users. Built in workflow handles dependent tasks, reminders are sent via email, status of these tasks are visible to managers and they are able to reassign them as needed to address bottlenecks and absences. Records of when assigned tasks were completed allow managers to evaluate efficiency of their period end close processes.

Tasks include integrations that provide links to the Consolidation or ERP screen where the task needs to be performed. Email notifications alerting users when tasks become due also include this link. Managers are fully informed of the status of each task and the built in dashboard provides a quick overview of the status of the period end close processes.

Close Manager is the appropriate tool designed to attain the optimum efficiency of accounting period close.


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Eduardo Abaricia

I have a bachelor's degree in Accounting, MBA, and CPA. I have 6 years experience in HFM/FDMEE involving manufacturing, service, and marketing industries.

More from this Author

Follow Us