Close Your Books Faster with Financial Close Automation

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 TB and GL transactional data for account reconciliation software and ensures journal entries are posted back to the ERP in the required format, streamlining the close process for speed and accuracy.

Implementation timelines depend on the complexity of your organizational structure and existing systems. However, with Taxilla's agile onboarding methodology, clients typically go live within 6 — 8 weeks, much faster than traditional close tools. This makes it one of the quickest financial close automation platforms to implement.

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 with journal entry automation.

Taxilla maintains a complete audit trail with detailed task logs, capturing every action in chronological order. Accountants can attach supporting documents, comments, and references directly to each task, giving auditors instant access to everything they need. This makes it easier to meet compliance standards while using balance sheet reconciliation software and general ledger reconciliation software features for accuracy. Additionally, it reduces logistical work by providing auditors with direct access to the relevant modules, eliminating the need for manual coordination or separate data sharing.

Taxilla provides a centralized workspace with role-based access for preparers, reviewers, and approvers. Built-in workflows, real-time notifications, and comment threads ensure smooth collaboration across entities and departments. This eliminates email back-and-forth, reduces bottlenecks, and accelerates the close process — while transaction-level accuracy is supported by integrated transaction matching software.

Account reconciliation software focuses on matching transactions and ensuring balances are correct, while financial close software goes further — managing reconciliations, journal entries, tasks, and reporting in one place. Together, they give finance teams both accuracy and visibility to complete the closing process faster.

Financial close automation eliminates manual data entry and spreadsheet dependency. By using general ledger reconciliation software and journal entry automation, it standardizes processes and reduces human error. This ensures more accurate reporting and a smoother audit process.
Financial close automation reduces reporting errors by standardizing data flows, enforcing controls, and minimizing manual touchpoints. Automated validations prevent bad data from entering, reconciliations and rule-based matching detect exceptions early, and journal automation with maker-checker controls ensures accuracy. With task orchestration and an audit-ready trail, reports stay consistent, compliant, and error-free.

Yes. Modern financial close management software is designed to help growing finance teams work efficiently without needing extra headcount. With built-in balance sheet reconciliation software, automated workflows, and role-based dashboards, even lean teams can shorten close cycles and improve compliance.

Taxilla's integrated Task Management solution acts as the command center of the Financial Close. It connects seamlessly with modules like Account Reconciliation, Journal Automation, Intercompany, and Financial Reporting-auto-updating task statuses as activities progress. This eliminates manual check-ins, ensures real-time visibility across every close activity, and keeps controllers informed with a single source of truth. By embedding automation and accountability into every task, finance teams can close faster, stay compliant, and operate with confidence.