Financial Close Software for Automating Manual Journal Entries
Journal Entry for SAP
FS² JournalEntry Enables Faster Financial Close in SAP Systems
Explore the Advantages of our Automation Software for Faster Financial Close
Eliminate time-consuming period-end tasks and increase visibility and control over your financial close process in SAP systems with Serrala FS² JournalEntry. Our financial close software supports the automated creation, validation, review, and approval of manual journal entries in SAP, so you can close your books quickly, with complete confidence.
Journal entry automation is the next frontier in finance process improvement and is the best way for accounting organizations to seize control of the monthly close. Our financial close software, FS² JournalEntry, lets you spend less time managing your standard, recurring or intercompany journal entries and helps you ensure full visibility over these entries from creation to posting.
Accelerate Your Monthly Close with Automation
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Faster Time to Close
Reduce the time and effort required to close the books by intelligently automating the creation, review and approval of each manual journal entry. - Greater Visibility
Gain 100% early insight into journal entries, including intercompany journal entries, with a fully digitized solution that works seamlessly with your SAP systems.
- Improved Compliance &Control
Enforce record to report process controls and ensure fiscal compliance is maintained with secure access to financial close information from the office or at home.
Transform Journal Entry Management with our Financial Close Software
Processing large volumes of manual journal entries can cause errors and delays in your financial statements. Finance teams often have to create the journal entries from massive spreadsheets that are maintained outside of enterprise systems. Alternately, they must spend precious time entering, reviewing and approving journal entries that are generated outside the primary ERP system. This extremely time-sensitive process is very manual and error prone without financial close software.
Ready to bring your financial close process to the next level?
FS² JournalEntry is an SAP-embedded solution that enables finance departments to improve the speed and accuracy of managing manual journal entries.
It intelligently automates the process of capturing, coding, approving and posting of manual journal entries, so information is entered quickly and accurately into the system of record, resulting in a faster, more controlled financial close.
Find out and request a demo now!
Calculate Your AP Automation ROI
Achieve your organization’s specific automation goals and save time and money with our AP automation calculator. See the potential savings that can be achieved by implementing our solution, which efficiently captures, validates, and processes vendor invoices, and start building your AP Automation ROI analysis today!
Benefits
Why you should choose our financial close software
Timely Approvals
Automated Processing
Greater Transparency
Anytime, Anywhere Access
Comprehensive Audit Trail
Schedule Recurring Entries
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for organizations that seek efficient cash visibility and secure financial processes.
Capabilities
Achieve a single view of journal entries across the enterprise
Central view of journal entries across all enterprise systems for centralized control and secure access to supporting documentation.
Create SAP journal entries directly from spreadsheets
Upload and automatically create journal entries from a spreadsheet, including those with more than 999 line items.
Support for multiple journal entry types
Standard JE, Simple JE, Foreign Currency postings, Accruals, Recurring Entry creation and changes, Reversals, Cross-company reversals
Spreadsheet templates
Use an unlimited number of templates to drive default behavior including mandatory fields, required documentation, able to autopost, and defined approval hierarchies.
Detailed status tracking
Intelligently route manual journal entries for approval according to configurable hierarchies with detailed status and sub-status tracking.
Improve accuracy
Prevent unnecessary reversals with instant data validation and the ability to select the correct accounting codes directly from SAP.
Customer Stories
FAQ
FS² JournalEntry will help you to identify friction points in the financial close process to improve process efficiency and effectiveness. With detailed tracking data, you can easily identify areas where you can streamline processes and increase automation to achieve a financial close.
Serrala´s financial close software "FS² Journal Entry" sends automated notifications to each journal entry approver, based on your record to report process requirements. Approvers can securely access journal entry information from home or the office using a mobile device.
FS² JournalEntry will enable you to view supporting documentation required for compliance directly from the transaction record. The solution automatically archives supporting information and links it to the journal entry, ensuring you have a completely documented and auditable process.