Processes
The financial close is an area where process plays a major role. We work with you to ensure that your processes and systems work together to deliver a simple, repeatable and reliable reporting process.
Financial close service for actionable and reliable insights
The role of finance has evolved well beyond the traditional view where it was solely responsible for the delivery of financial reporting and consolidation. Today’s finance function must offer a range of intelligence, versatility and insight to enable the wider organisation to thrive in today’s dynamic and competitive markets.
Our Financial Close service covers the entire cycle: all tasks and processes from reconciling subledgers, to delivering financial filings and other financial disclosures to internal and external stakeholders.
Our services
Systems
inlumi’s consultants work closely with you to gain a deep understanding of your organisation’s requirements. We draw upon our past implementation experience to develop a comprehensive requirements specification.
Data
We help you define a standard reporting chart of accounts. We implement best practice data integrations from your source systems to ensure the source data is loaded using a consistent, controlled and auditable process. Finally, we put processes in place to collect supplementary data for a richer reporting experience.
The modern finance function
Managing uncertainty, increasing operational agility and taking advantage of opportunities quicker than the competition are the main challenges of the present. The cost and complexity of maintaining regulatory compliance is increasing and the operational requirement must do more with less.
These sustained challenges are forcing finance to innovate to find efficiency and value. To be successful, finance must be integral to your organisation, delivering a flow of actionable, reliable, insightful data where and when it is needed.
Cloud, in-memory processing, collaboration capabilities, and process automation are enabling us to look beyond the traditional, re-drawing the finance function and re-designing core processes.
inlumi’s Financial Close service helps your organisation to:
- automate your processes
- eliminate non-core activities
- outsource, simplify, and standardise
- from ledger to report and disclosure.
Delivery
With inlumi, you will benefit from our end-to-end delivery – from business case through implementation, deployments and business-as-usual operation. This includes:
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Why inlumi?
inlumi’s service is underpinned by the latest technology and made sustainable by developing and embedding the right skills and behaviours.
inlumi takes a collaborative approach throughout the duration of any project as the design needs to work for you. We believe that the successful operation of any system requires your ownership, making your participation, education and complete knowledge transfer an integral part of any project we are associated with.
Do you want to learn more?
Our experts are ready to answer your questions.
