Account Reconciliation

Make sure that accounts are reconciled accurately using the appropriate format, and provide comprehensive explanation and logical basis for any adjusting entries.
Maintain the team's focus by implementing an approval workflow that records evidence of approvals and sends email notifications.
Standardize and automate account reconciliations and transaction matching, enabling efficient tracking and resolution of discrepancies.
Effortlessly automate time-consuming reconciliations, such as zero-balance, low-value, or low-risk ones, based on self-defined rules.
Seamlessly access archived electronic copies of supporting documentation specific to each account for easy reference.
Monitor and analyse the status and details of each account, including balance comparisons, preparers, reviewers, and sign-off dates.
Streamline and centralize your account reconciliation processes with automation, standardization, and centralized management, leading to a quicker, more precise, and efficient close.
Maintain comprehensive documentation of reconciliations in a secure document repository, ensuring auditability and compliance.
Gain a unified view of all reconciliations in one place, accompanied by supporting materials and explanations of variance resolutions.

Automate Reconciliations

Streamline your reconciliation process with direct integration to transactions, empowers you to effortlessly automate reconciliations for various accounts including bank accounts, credit card transactions, intercompany transactions, accounts payable, accounts receivable, and more. Additionally, advanced drill back feature enables accountants to promptly address any reconciling items, making the entire process more efficient and error-free. Elevate your accounting practices with ease, using our intuitive and professional solution.

Simplify the handling of reconciling items by automating the process.
Attain improved productivity and accuracy levels.
Automate the reconciliation process to minimize errors and conserve precious time.
Utilize automated solutions to simplify the reconciliation process for diverse accounts.

Audit and Compliance

Enhance compliance strategy with our comprehensive audit support and compliance feature. Featuring a highly secure document repository, this guarantees the integrity of your reconciliations by preventing unauthorized modifications or loss. Experience peace of mind with a globally auditable environment, giving your organization the confidence it needs. It diligently audits and records evidence for reconciliations, streamlining your compliance efforts effortlessly. Strengthen your compliance posture with the reliability and efficiency of our powerful feature.

Achieve a state of tranquillity by utilizing a tremendously secure document repository.
Simplify and enhance compliance endeavours through meticulous auditing and comprehensive recording.
Bolster your compliance standing with the ability to globally audit and verify.
Enhance your assurance levels with a seamless combination of reliability and efficiency.

Transaction Matching

Simplify and expedite balance comparison reconciliations with the help of transaction matching algorithm. By automating the matching of transactions, it ensures a seamless reconciliation process for intercompany, subledger, credit card, and bank reconciliations. Stay on top of your reconciliations with our operational and compliance reports, which provide a comprehensive overview of completed, open, and late reconciliations. With the added feature of identifying responsible parties, variance details, and commentary, empowers businesses to effectively manage their reconciliation tasks with ease and precision.

Efficiently pair transactions and seamlessly integrate with reconciliations at the end of each period.
Expedites the transaction-matching process by recommending potential matches for your approval or rejection.
Customize matching rules for specific transactions or groups of transactions, encompassing various match types like one-to-one, many-to-one, and many-to-many.
Accommodate even the most intricate reconciliation tasks with the ability to define unlimited data sources and unlimited attributes per data source.

Close Management

Revolutionize your close process with our comprehensive close management feature, empowering you to achieve faster and more accurate book closings. Take charge of every element of the close process, managing and monitoring tasks with complete ease and precision. Seamlessly schedule and assign tasks in the optimal sequence, guaranteeing a smooth and efficient workflow. Keep a vigilant eye on the status of each close task and its dependencies, effortlessly drilling down to individual users to identify any potential bottlenecks. Simplify your close process by automating time-consuming tasks like task assignments, data validation, approval routing, and notifications. Bid farewell to tedious manual adjustments, as our system automates calendar roll-forwards from prior-year reporting.

Assume responsibility for managing every aspect of the closing process and enhance the efficiency of your workflow.
Effortlessly track the progress and interdependencies of tasks while automating labourintensive assignments.
Streamline the closing process by automating tasks that consume significant time and effort.
Attain expeditious and precise book closings effortlessly, resulting in improved efficiency and accuracy.

Dashboard and Analytics

Maximize the potential of organization by embracing Intuitive Dashboard, designed to facilitate informed decision-making, it empowers you to seamlessly control close procedures. Gain a deep understanding of balance changes with ease, comparing them across different time periods, including month-over-month, quarter-over-quarter, and year-over-year analyses. Efficiency reigns supreme with Intuitive Dashboard, providing a centralized platform to access the status of every close task and its dependencies. Unleash your productivity by conveniently drilling down by user, uncovering potential bottlenecks, and optimizing your overall performance.

Gain insights into trends, patterns, and irregularities by comparing balance changes across various time periods like monthly, quarterly, and yearly analyses.
Enhance efficiency and effectiveness of your closing procedures by acquiring a comprehensive comprehension of balance changes.
Monitor progress, identify delays, and implement necessary measures to ensure smooth operations.
Discover potential obstacles and proactively undertake measures to optimize overall performance.

Our implementation strategy is designed to ensure that your business operations undergo a swift and seamless transformation, resulting in faster time to value. Our experienced consultants utilize a structured approach that combines extensive industry knowledge with the latest implementation techniques. This enables you to expedite the deployment of our powerful solution and experience a rapid return on investment.

Through our streamlined process, you can optimize productivity and streamline business processes with minimal disruption. We have consolidated the expertise gained from global deployments into a set of leading practices, providing a clear path to success and delivering rapid business value.

With Nirmalya, you can confidently expect to go live within a predictable timeframe through smart, stepped implementations.

Nirmalya offers its services to companies of all sizes, including startups, fast-growing businesses, medium-sized enterprises, large corporations, and non-profit organizations. We assist these companies in streamlining their operational capabilities without the need for significant capital and operational expenditures. By eliminating the burden of maintaining an Enterprise Resource Planning system, which typically involves investments in manpower, hardware, and software, we help companies focus on their core activities.

Our collaboration with companies involves an initial setup fee for implementation, followed by an annual license fee based on the modules chosen by the customer for implementation. As businesses expand, customers have the flexibility to incorporate new modules as needed.