Financial Close Automation and Management Software | Taxilla

 Financial Close

Close with Confidence. Automate, Reconcile, and Report-Faster

Slash close cycles to days, not weeks-AI exceptions, shared-ledger integrity, and KPI dashboards without enterprise-level bloat.

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Trusted by 1500+ organizations serving 16+ countries worldwide

Challenge

Month-End Still Feels Like a Fire Drill

Too many tasks, too few tools-finance teams scramble to close instead of staying in control.

Finance team struggling with manual month-end close tasks

Features

Dynamic Close Calendar with Real-Time Status

Auto-Triggered Close Workflows

Integrated Journal Entry & Approval Routing

Business value Delivered

Cut close time by up to 50%

Automate task ownership, dependencies, and approvals to reduce close cycles by
~50%-eliminating spreadsheets, manual follow-ups, and last-minute chaos.

Challenge

Demand for Accurate, Real-Time Financial Data

Boards want answers faster, but fragmented systems delay insight and erode confidence.

Real-time financial insights and reporting for board-ready decisions

Features

Real-time two-way sync with regulatory platforms (e.g., GSTN, ZATCA, SAT)

Auto-reconciliation of eInvoice and ERP registers using ML algorithms

Exception handling workflows to review and resolve mismatches before filing

Business value Delivered

Deliver board-ready insights in real time

Achieve 100% data visibility and reduce reporting delays by 70% with unified data, live reconciliations, and cross-functional dashboards built for decision-making.

Challenge

Automations That Stop Where the Exceptions Begin

Point solutions handle the routine, but real-world close still relies on manual workarounds.

AI-driven exception handling in automated financial close workflows

Features

AI-Driven Exception Handling with Explainable Resolution Paths

Multi-Layer Matching Rules (3-way, 4-way, custom)

Contextual Collaboration Across Teams

Business value Delivered

Resolve exceptions 2x faster

Accelerate exception resolution by 2x using AI matching and collaborative workflows-eliminating 80% of offline tracking and manual intervention in close processes.

Challenge

The Future of Close Isn't Modular-it's Unified

Disconnected tools create more gaps than gains-modern finance needs orchestration, not add-ons.

Unified financial close platform enabling rapid go-live and team collaboration

Features

Real-time ITC tracker with eligibility logic and GSTR 2A/2B sync

Dynamic dashboards for credit health, anomalies, and blocked ITC alerts

Automated notifications to vendors and procurement for non-compliant invoices

Business value Delivered

Launch in weeks, not months

Go live 3x faster with a scalable platform-typically implemented in 6-8 weeks-without needing costly modules or prolonged IT support.

Taxilla In Numbers

8+

Years in
Business

25+

Countries
Covered

100+

ERP & Business Systems Connections

250M+

Transactions
per Annum

1500+

Satisfied
Customers

Built-In Accuracy. Automated Compliance. Instant Value

The Essential FCM Package gives finance teams everything they need to modernize the close, without buying five tools or hiring five consultants.

Essentials Package

Functional Coverage

  • General ledger to subledger reconciliation - Intercompany balance reconciliation (2-way)
  • Complete Balance Sheet Reconciliations
  • Journal entry preparation, templates, and approvals
  • Multi-entity close calendar & task tracking
  • Persona based real-time dashboards
  • Drill-through audit trail and documentation links

Technical Features

  • Designed for fast deployment, easy integration, and long-term scale
  • Pre-built connectors for ERPs: NetSuite, QuickBooks, MS Dynamics
  • API-ready architecture for future integration
  • Data ingestion via Excel, SFTP, or direct API
  • Power user dashboard with cross-entity visibility
  • In-app commenting, tags, and action trails
  • Audit logs and version control baked into workflows

Exceptions Management

    • Built-in intelligence to highlight key issues-eliminating spreadsheets and guesswork
    • AI-powered anomaly detection for GL/subledger variances and missing data
    • Smart exception tagging and prioritization for faster resolution
    • Actionable suggestions: resolve, reclassify, or escalate exceptions
    • Comprehensive exception visibility across AP, Tax, and Treasury with optional shared ledger integration

Close Orchestration

  • Structured, streamlined, and scalable processes from day one
  • Task owner assignments with clear deadlines
  • Task-level dependencies with automatic triggers
  • Calendar view to track task progress by entity
  • Journal + task integration
  • Completion-based unlock rules (e.g., task B starts only after task A finishes)
  • AI agents for transaction matching and automated clearance

Add-On modules to choose from

Extend your capabilities with specialized modules tailored to your industry needs

Add-on

Intercompany Close

Automate reconciliations, eliminations, and netting across multiple entities to reduce friction in the period-end close

  • Automated matching of intercompany AP/AR balances
  • Multi-entity journal entries and eliminations
  • Currency translation and reconciliation
  • Netting and settlement workflow automation
  • Exception logging and resolution tracking

Accelerates intercompany close by up to 60% and ensures accurate eliminations without post-close cleanup.

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Add-on

Financial Consolidation & Reporting

Streamline entity-level data aggregation into accurate,compliant, consolidated financials.

  • Multi-entity and multi-currency consolidation
  • Consolidation journals and adjustments
  • GAAP/IFRS compliance
  • Ownership and minority interest calculations
  • Consolidated financial statements preparation

Deliver accurate consolidated results faster‐with traceability from group-level statements to source entities.

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Add-on

Financial Planning & Analysis

Connect financial close data to planning, budgeting, and forecasting processes for smarter,faster decisions.

  • Budgeting actuals and rolling forecasts
  • Close-to-plan variance analysis
  • Driver-based planning models
  • Workforce, revenue, and opex planning templates
  • Scenario modeling and what-if analysis

Turn your close into a launchpad for better forecasts with real-time integration between actuals and planning

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Add-on

ESG Reporting

Integrate ESG disclosures into the financial close cycle to meet stakeholder expectations and evolving regulations.

  • ESG metric capture and KPI templates
  • Periodic ESG data input workflows
  • Disclosure formatting for CSRD, SEC, BRSR, etc.
  • Audit logs and data lineage tracking
  • Integrated ESG reporting with financial close

Streamline ESG reporting alongside financials-no extra tools, no fragmented disclosures.

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Add-on

Tax & Compliance

Embed tax validations and compliance logic directly into close workflows to ensure control and regulatory accuracy.

  • Shared ledger with AP/Tax controls
  • GST/VAT compliance validations (e.g., GSTR-2B, CFDI)
  • eInvoice status integration with approval blockers
  • Automated ITC matching and reversal rules
  • Country-specific compliance templates

Transform compliance from a checkbox to a competitive edge with automated workflows and audit-ready documentation

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Add-on

Close Benchmarking & Continuous Improvement

Monitor, measure, and optimize every stage of the close with data-driven insights and automation signals.

  • Close cycle time analytics and benchmarks
  • Delay heatmaps by entity, task, or role
  • Reconciliation quality scoring
  • SLA tracking with missed deadline alerts
  • AI-driven suggestions for process improvement

Continuously improve your close with measurable insights‐not gut feel or post-mortem reviews.

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Across 1,500 global, regional, and mid-sized enterprises, our results consistently outperform the next best-by miles.

Real Results Across Industries

Every industry has a unique challenge-see how Taxilla adapts and delivers

Manufacturing
Challenges
  • Complex accruals for raw materials, WIP, and finished goods
  • Period-end GR/IR clearing and three-way match variances create manual GL adjustments
  • Slow, error-prone subledger-to-GL reconciliations (AP, AR, FA) and suspense clearing
Solution Highlights
  • Automated vendor accruals based on GRN and PO data
  • Fixed asset and depreciation automation integrated with ERP
  • Subledger-to-GL tie-out (AP/AR/FA), suspense/clearing account reconciliations, and certification workflow
Business Advantage
Reduces manual effort in managing production-related accruals and reconciliations by ~65%
Improves visibility into true production costs and margins
eCommerce & Modern Commerce
Challenges
  • Cash/clearing accounts, deferred revenue (gift cards/store credits), and promotional liabilities need automated GL tracking
  • High-volume chargeback/return provisions require frequent GL true-ups
Solution Highlights
  • Daily cash & clearing account GL reconciliations plus bank-to-GL tie-outs with approvals
  • Deferred revenue schedules and recognition journals with audit-ready workpapers
Business Advantage
Reduces reconciliation effort by ~60-70%
Provides real-time visibility into profitability across channels
Healthcare & Life Sciences
Challenges
  • Complex revenue recognition for multi-year research, grants, and service contracts
  • High volume of prepaid and deferred expenses (insurance, licensing, medical supplies)
  • Stringent compliance and audit requirements under healthcare regulations
Solution Highlights
  • Automated journal entries for grant and contract-based accruals
  • Prepaid amortization with configurable schedules for insurance and services
  • Compliance-ready reconciliation workflows with approval and audit trails
Business Advantage
Accelerates month-close by 40% while ensuring full compliance
Improves transparency across R&D, patient services, and regulatory audits
Logistics & Transportation
Challenges
  • Complex accruals for fuel, fleet maintenance, and lease costs
  • Multi-entity reconciliations across depots, hubs, and routes
  • Manual settlement of intercompany cross-charges for shared assets
Solution Highlights
  • Automated accruals for freight, maintenance, and lease costs
  • Rule-based allocation of expenses across routes/entities
  • Workflow-driven reconciliations with full audit history
Business Advantage
Reduces reconciliation cycle time by 50%
Provides accurate cost distribution across fleets and routes for better profitability analysis
Franchise & Multi-Unit Retail
Challenges
  • High volume of small, low-value, high-frequency transactions
  • Complex royalty, commission, and intercompany billing structures
  • Location-level reconciliation and reporting considerations
Solution Highlights
  • Location- and store-level close templates
  • Automated royalty and commission logic
  • Smart reconciliation grouping by franchise, channel, or POS
Business Advantage
Closes the books faster at unit-level granularity-while keeping group finance in full control.
Financial Services & Fintech
Challenges
  • High volume of daily interest, fee, and commission accruals
  • Multi-entity reconciliations across trading, banking, and lending divisions
  • Stringent audit and compliance requirements (SOX, IFRS, Basel)
Solution Highlights
  • Automated interest and fee accruals for lending and deposits
  • FX revaluation and multi-entity reconciliations
  • Compliance-ready workflows with audit trail for regulators
Business Advantage
Increases speed and accuracy of financial reporting across entities
Ensures compliance with financial reporting and audit standards

Our platform blends data engineering and AI to deliver clarity, accuracy, and control where it matters most-indirect tax and financial operations.

AI-Based Transaction Matching

Automates complex many-to-many matches, reducing reconciliation time by 80%.

Variance Commentary Automation

Detects anomalies, explains root causes, and flags material movements instantly.

Low-Code Workflow Engine

Tailor workflows by industry-no developers, long cycles, or rework needed.

Built-In Data Transformation

Cleans, maps, and validates data—no external ETL tools required.

Full Audit Traceability

Tracks all journals, actions, and exceptions with timestamped documentation.

Real-Time Close Dashboards

Monitor exceptions, entity status, and KPIs-customized for CFOs and auditors.

Intelligent Task Automation

AI agents trigger workflows or escalate risks dynamically based on exceptions.

GenAI Narrative Reporting

Auto-generates board-ready insights for financials, exceptions, and disclosures.

Mid-Cycle Anomaly Alerts

Flags risks and outliers before period close to ensure cleaner books.

Support That Drives Accuracy. Service That Accelerates Close.

Service Excellence

Our finance experts ensure your close operations are efficient, accurate, and audit-ready from day one.
Guided Onboarding: Quick, finance-first implementation aligned with your close calendar.
Smart Workflows: Built-in best practices for reconciliations, journals, and task management.
Compliance Reviews:Proactive validation checks for reconciliations and documentation.
Actionable Insights:Real-time reporting and close health dashboards-not just system alerts.
Support Commitment

Support that understands your month-close challenges-not just the software behind them.
Expert Response: Finance and accounting professionals-not scripted bots.
Close Period Support: Dedicated support during critical close windows
Risk Alerts: Early warning alerts for exceptions, delays, and compliance risks.
Context-Aware Help: Assistance tailored to your entity structure, workflow, and ERP setup.

Ready to trasnform your business ?

Frequently asked questions
How does an automated financial close management solution helps organizations to streamline their month-close process?
An automated financial close management solution streamlines the month-end process by orchestrating tasks, automating reconciliations, and standardizing journal entries. It improves accuracy, ensures real-time visibility, and reduces manual effort. This results in faster close cycles and enhanced audit readiness.
How does Taxilla's Financial Close Management Solution integrate with ERPs?
Taxilla's solution is built on a proprietary ELT (Extract, Load, Transform) framework with pre-built connectors for seamless integration with leading ERPs like SAP, Oracle, Microsoft Dynamics 365, NetSuite, and Sage Intacct. It enables automated extraction of GL data for reconciliations and ensures journal entries are posted back to the ERP in the required format-ensuring a faster, accurate, and streamlined financial close process.
How long does it take to implement Taxilla's Financial Close Management Solution?
Implementation timelines depend on the complexity of your organizational structure and existing systems. However, with Taxilla's agile onboarding methodology, clients typically realize value and go live within 3 to 6 months.
How are journal entries posted to the ERP in Taxilla's platform?
Journal entries are auto-generated using configurable templates and rules, with transaction details pre-populated to minimize manual input. Once approved, these entries are automatically posted to your ERP, ensuring accuracy and efficiency.
How does Taxilla support audit and compliance needs?
Taxilla maintains a full audit trail with detailed task logs, capturing every action in chronological order. Accountants can also attach supporting documents, comments, and references directly to each task-providing auditors with immediate access to all relevant information.
How does Taxilla's FCM platform improve collaboration across finance teams during month-end close?
Taxilla's platform provides a centralized workspace with role-based access for preparers, reviewers, and approvers. Built-in workflows, real-time notifications, and comment threads ensure smooth coordination across entities and departments. This eliminates email back-and-forth, reduces bottlenecks, and ensures everyone stays aligned—accelerating the close process while enhancing control and accountability.