For finance teams, the financial close process is one of the most critical – and often one of the most challenging – responsibilities. The speed of your close not only determines when results are available but also directly impacts the CFO’s ability to make timely, informed decisions that drive company performance.
For many, the traditional close process feels arduous and outdated. The inefficiency of the processes often leads to delays, inaccuracies and extended period-end close cycles. According to the Global Autonomous Finance Benchmark Report, a striking 58% of finance leaders revealed it takes up to 5 days to close their books, while only 7% have achieved a continuous close. These findings, based on insights from over 1,700 Finance professionals across the globe, shows just how widespread these challenges are – and highlights the urgent need for solutions that simplify and accelerate the close process.
But why is the close process such a challenge? What if you could close faster, with greater accuracy and less stress?
A Faster, Stress-Free Close
For over three decades, Aptitude has provided enterprise finance technology solutions to the world’s leading organizations. We understand the challenges and pressures finance teams face, especially during the close process. That’s why we’ve developed Fynapse – a solution that helps you deliver a faster, easier close.
Fynapse goes beyond just speeding things up. By streamlining the financial close, accelerating reporting, and enabling a continuous close, it surfaces key insights giving you confidence in your data and decision-making.
What’s Holding You Back?
Most of the challenges that slow down the financial close boil down to three main issues:
- Outdated Finance Architecture
Traditional finance architectures and feeder systems, such as order-to-cash, procure-to-pay, inventory, or warehouse management systems, are often disconnected from ERP stacks and the General Ledger (GL). These systems require extensive data transformation, consolidation, and journalization before the information can be trusted.
The result? Hours of delays spent transforming and consolidating data before the real work of closing can even begin.
How Fynapse Helps:
Fynapse eliminates these inefficiencies by automatically integrating data from multiple upstream systems and processing it in real time. This flexibility accelerates daily processing so there is no more waiting for the data to catch up – Fynapse ensures everything is ready when you are.
- Lack of Granular Data
In traditional finance workflows, transactions move from business systems to the GL through a summarization step, where accounting entries are aggregated. While this creates trusted accounting data, it often strips away critical attributes, like product or region, that could provide deeper business insights.
This lack of granularity creates several degrees of separation between the GL and the underlying business transactions, making it hard to drill down and perform detailed analysis.
How Fynapse Helps:
By enabling and performing accounting at a granular level, Fynapse ensures that all transactional attributes remain intact. You’ll have full visibility into business transactions and their resulting accounting, enabling you to evaluate activity by any attribute, such as product, region, or channel. This accelerates speed-to-insight and speed-to-answer questions.
- Inaccurate, Delayed Forecast Tracking
How many times has your finance leadership team had to make decisions with incomplete or outdated numbers? Mid-period tracking against forecasts is often delayed and inaccurate due to the reliance on summary-level data. Critical calculations, allocations, and reserves are typically performed only at period end, leaving finance teams with incomplete or outdated numbers throughout the cycle.
How Fynapse Helps:
Fynapse performs accounting and calculations at grain, ensuring that forecasts align with up-to-date, policy-compliant numbers. This real-time alignment allows finance teams to track performance accurately at any point in the period. This means fewer surprises at the close – and more confidence in your decisions.
The Continuous Close: A Game Changer for Finance Teams
A continuous close gives you a real-time view of your organization’s financial position, based on actuals, with updated forecasts. This transformative approach ensures that if operational adjustments are needed, you can act swiftly and confidently. With Fynapse, this vision becomes a reality. Say goodbye to the chaos of the traditional monthly close – Fynapse keeps your financial data accurate and in real time, so you’re always in control.
Here’s What It Means for Your Team:
- Always-Updated Data
Say goodbye to scrambling at the end of the month. Fynapse continuously ingests and processes financial data as it becomes available. This means your financial records are always up to date. With this always-on approach, finance teams can operate in a state of perpetual readiness, closing the books as the data comes in.
- Proactive Problem-Solving
Spot issues and resolve them before they snowball into bigger problems. With automated workflows, Fynapse can help flag inconsistencies as they occur, enabling finance teams to resolve them proactively, long before the month-end deadline.
- Faster, Smarter Decisions
Real-time data means you can make quicker decisions with confidence. The ability to see the financial picture in real-time helps businesses stay agile, reduce risk, and capture new opportunities when they arise.
- Less Stress, More Impact
By automating routine tasks and reducing reliance on manual processes, Fynapse alleviates the pressure of period-end close. Automating repetitive tasks frees up your team to focus on strategic priorities, not tedious reconciliations.
The Fynapse Advantage: Modernizing Financial Close
By addressing the root causes of delays, inefficiencies and inaccuracies, Fynapse is uniquely placed to empower CFOs and Finance Controllers to lead their teams toward faster, more reliable closes. Imagine a close process where you can trust your data, act quickly, and focus on driving value for the business – Fynapse makes that possible.
Why Choose Fynapse?
- Speed and Automation
- Stop spending countless hours on manual tasks. Fynapse automates complex accounting processes, giving your team back valuable time.
- Process data in real time, eliminating delays caused by disconnected feeder systems and enabling faster, actionable results.
- Simplify reconciliation and data preparation, keeping workflows seamless and efficient.
What This Means for You: Spend less time managing the process and more time on the insights that truly matter.
- Single Source of Trusted Data
- Consolidate data from multiple systems – including ERPs, subledgers, and financial platforms – into one accurate, unified source.
- Stay compliant with accounting policies without sacrificing the granular details your team needs for deep analysis.
- Alongside the ease-of-use interface, it will reduce manual data handling and minimize the risk of costly errors.
What This Means for You: Confidence in your numbers and fewer headaches at every stage of the close.
- Granular Insights for Smarter Decisions
- Keep critical details like product, region, or channel intact by performing accounting at a granular level.
- Gain visibility into every layer of activity, empowering faster and more informed decision-making.
- Leverage actionable insights to identify opportunities and drive performance across your organization.
What This Means for You: Insights that move the needle, not just another spreadsheet.
- Seamless Integration and Scalability
- Fynapse works with your existing ERP and financial systems, such as SAP, Oracle, Microsoft Dynamics, so there’s no need for a costly infrastructure overhaul.
- Scale effortlessly with a lower cost of ownership, whether you’re managing a single entity or a global, multi-entity operation.
- Give your finance team the tools to configure workflows and adapt as your business grows – all without heavy reliance on IT.
What This Means for You: A solution that grows with you, delivering value from day one.
- Real-Time AI-Powered Finance
- Tap into AI-driven insights and trend analysis to proactively identify risks and opportunities.
- Automate repetitive tasks to free up your team for higher-value activities.
- Access real-time, actionable data to enhance strategic decision-making.
What This Means for You: Be proactive, not reactive, with finance processes that keep you ahead of the game.
- 6. Rapid Implementation and Agile Delivery
- Unlike lengthy, expensive transformations, Fynapse is designed to integrate into your existing infrastructure quickly and seamlessly.
- Start seeing value in weeks – not months – thanks to our agile delivery methodology and learning management tool with AI guided user tutorials.
What This Means for You: A solution that works with your schedule, delivering impact without disruption.
Ready to Accelerate and Simplify Your Close Process?
At Aptitude, we designed Fynapse to do more than speed up the close process. It’s about transforming the way finance teams work – making processes efficient, decisions smarter, and teams stronger.
Contact us today to learn how Fynapse can help you turn your close process into a strategic advantage.
