If you are the person most responsible for the close at your company, you know how difficult it can be to track every activity and stay on top of the entire process.  What if there was a tool that could…

• help you to manage the entire process?
• help you to make the most efficient use of your entire department?
• help you identify risks in the close, and address them early?
• give you instant access to all supporting documents?
• improve communications in the close team and beyond?
• show you the status of every activity (including review and analysis) needed to complete a more accurate close?
• help you be sure that the close is 100% complete?

The Accelerated Financial Reporting Management Solution from Hyland Software can help you to do all these things you know would be great, if only there was the time and way.

Manage the Entire Process.

AFRM® gives you a real time view of every activity in the close at any time.

Using AFRM® you can quickly identify bottlenecks and risk exposures.  With AFRM® you can see when tasks, or specific people are falling behind or are in danger of falling behind.  But more than just seeing where issues exist or are developing, AFRM® allows you to reassign any activity on the fly.  Whether you need to load balance or simply respond to changing conditions, AFRM® can help you to manage the whole process more effectively.

Make the most efficient use of your entire department.

Every close is different.  A team member that was right on time last month might be overwhelmed this month with special tasks.  AFRM® gives you the tools to monitor the workload for every member of your team, and make adjustments as necessary to keep the entire process on track.  Since every task is documented with desk level procedures online,  and since supporting documents and templates are available right with the task, you can have complete confidence that tasks will be completed consistently.

Identify risks in the close, and address them early.

Most of the time it isn’t big issues that trip you up.  It can be a small item early in the close cycle, or a delay in reviewing an early analysis in reconciliation that means that a mistake is not caught until later, forcing rework on dependent steps.  AFRM® helps you to identify these risk areas early and put out the fires while they are still small.

Instant access to all supporting documents.

No more searching through binders and file shares to find a supporting document.  The foundation of AFRM® is OnBase, Hyland Software’s award winning enterprise content management solution.  Open a task, and all the supporting documents from this period and from all previous periods, are there at your fingertips.

Read more about the features and benefits of AFRM®.