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Description
CloseCoda is a specialized solution created for the consolidation needs of Workday Financials, specifically targeting the challenges associated with multi-level hierarchy waterfalls and elimination processes that are not adequately addressed by native Workday functionalities. It streamlines the generation of consolidated trial balances and reports across various entities, levels, and timeframes, allowing businesses with intricate structures to achieve faster and more precise financial closures. Featuring automation tailored for efficient data consolidation, sub-level eliminations, and handling extensive column counts, CloseCoda can be customized to fit your organizational design and functions effectively as a turnkey solution during both the implementation phase and after going live. Additionally, it operates on a subscription model, ensuring continuous support and utility. Clients have noted significant reductions in the time spent on consolidation tasks, with implementations frequently completed in just 3 to 5 business days. The platform not only simplifies the implementation process but also enhances enterprise-level reporting capabilities across numerous projects or portfolio companies, delivering consistent and dependable consolidated data without the need for manual interventions. Ultimately, CloseCoda empowers organizations to optimize their financial processes, ensuring accuracy and efficiency in reporting.
Description
Quickly establish your operations with integrated best practice features, which include dynamic calculations. Minimize the need for extensive customization, as essential financial statements like cash flow, balance sheet, and income statement are calculated automatically, along with rollovers and calls to action. Streamline the process of meeting global reporting standards, such as International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP), by utilizing a ready-made consolidation model. Enhance the accuracy and efficiency of your closing process by reclassifying, adjusting, and eliminating data across any hierarchy, thanks to built-in consolidation capabilities. Effortlessly manage the complexities of legal and management rollups that may have distinct calculation and reporting needs. Take control of the closing process by automatically monitoring critical metrics throughout the organization. You have the option to utilize pre-existing calculations or effortlessly develop bespoke solutions tailored to your business's unique requirements, ensuring that all aspects of your financial reporting are handled efficiently and effectively. This ensures that you can focus on strategic decision-making while maintaining compliance with necessary standards.
API Access
Has API
API Access
Has API
Integrations
Workday Financial Management
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Kognitiv
Founded
2008
Country
United States
Website
kognitivinc.com/closecoda/
Vendor Details
Company Name
Oracle
Country
United States
Website
www.oracle.com/performance-management/financial-consolidation-close/