Unity Financial Close Features
Unity Financial Controls Features and Benefits
Close Task Status Console
Close Task Status Console presents comprehensive interactive reports for ALL close tasks across an enterprise for a single close period. The Task Status portion of the console provides management with quick visibility into the progress of the period-end close process and as issues arise during the close, the system provides an intuitive method for users to flag issues for management review – during the close – rather than waiting until the end of the cycle, therefore ensuring accurate financials. Task Status Console enables prompt decisions regarding ineffective or incomplete activities for improved management oversight regarding the period-end close and financial reporting processes.
Close Collaboration Manager
Close Collaboration Manager facilitates and manages the collaboration process across multiple users in order to prepare and produce management reports or financial disclosures. Unity automates the process and reduces time required to collect structured and unstructured data for the period-end closing and financial reporting processes.
Auditor-Client Collaboration Manager
Auditor-Client Collaboration Manager provides a collaboration environment for companies and their auditors, streamlines auditor-client communications, reduces errors and delays, and allows for real-time issue tracking and resolution. Dramatic efficiency gains for both internal finance teams and their auditors are realized by automating these communications, which can reduce external auditor costs by $50K to $144K annually.
Cross Check
Cross Check compares and validates financial data or textual information contained within one or more disclosures for a given disclosure index by comparing one or more disclosure line item values (a specified row and column) to other disclosure line item values. Alerts are displayed if financial data or textual information within a disclosure index are inconsistent so that they can be corrected, thereby streamlining the preparation of financial statements.
Footnote Manager
Footnote Manager automates the creation, approval routing, management, and storage of complex footnote documents, such as Management’ Discussion & Analysis, Income Taxes or Stock-based Compensation, in a single system of record. This ensures accurate and efficient footnote generation processes are followed and minimizes financial restatements due to footnote errors.
One-Button Publisher
One-Button Publisher automatically generates high quality draft financial statements such as 10K/Q, 20F or any required filing as well as audit committee books and internal management reports. One-Button Publisher reduces disclosure preparation errors and delays, enables more efficient collaboration across contributing groups such as internal audit, general counsel, investor relations, and external auditors and automates and standardizes routine tasks during the final steps of SEC or other regulatory document preparation.
e-Binder
e-Binder automatically creates an electronic system of record of all “activities” and “documents” necessary to reconstruct a financial period for management and external auditors. Added navigation capabilities facilitate quick retrieval of information for management or auditor review, reducing time and audit fees. Quick retrieval and preparation of information for management reports or auditor review reduces ongoing compliance costs and audit fees by 10% to 12% annually.