Importance

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Abstract

Systems and methods are provided for the management and automation of a financial reporting process. A system includes a database that includes data for tracking each of a plurality steps required to perform a financial close for an organization, where steps are either general account tasks required to be completed for the financial close, accounting tasks that constitute accounting controls, or accounting tasks that represent a creation of a journal entry. A graphical user interface provides each user with visibility of steps they are required to perform as part of the financial close and allows that user to record when they have completed a task. The graphical user interface further provides a status of other steps that may be relevant to that user's ability to perform their tasks. A computer program provides monitoring data for financial department management to monitor progress of each of the steps.

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First Claim