Close Management

Close Management lets you perform the following tasks.

  • Provide role-based access to the application. Users access their own springboards based on their security settings through the following springboards:
    • Close Manager
    • Close Resource
    • Close Administrator
    • Close Viewer
    • Close Security Administrator
    • Close Approver

Note The Close Approver role does not have its own springboard. The Close Approver actions are available on the springboard for the approver’s other role. For example, a Close Approver who is also a Close Resource, would access the Close Approver actions on their Close Resource springboard.

  • Schedule, monitor, and manage a single close process across your entire organization.
  • Define a hierarchy of tasks (parent, child), including the ability to:
    • Attach user defined descriptions..
    • Assign start and end dates (based on number of days + or -).
    • Identify a user defined calendar (holiday schedules).
    • Identify a person responsible (owner).
    • Relate a task to one or more reconciliations.
    • Flag high risk/important tasks.
    • Schedule tasks (Annual, Quarterly, Period).
    • Identify dependencies of other tasks.
    • Import a Close Process (structure) from Excel.
    • Assign a team or owner to a task.
    • Define rules around the owner of Summary Tasks.
      • Assign a person responsible to lower level tasks.
      • Identify a reviewer/approver on tasks.
  • Store supporting and required documentation, including task standard procedures and supporting subsystem reports.
  • Analyze and measure performance, including metrics by period, process, sub-process, task owner, and team.
  • Display Team information (members, contact information).
  • Attach a user defined note to each task.
  • Utilize company and employee information from Infor Lawson Financials (dropdowns/reporting).
  • Track tasks by start date, due date, and level of effort required to complete them.
  • Monitor tasks by status, including scheduled, in-process, pending approval, closed, and voided.
  • Identify tasks in-jeopardy based on an updated estimated completion date.
  • Access a Calendar view showing Tasks.
  • Route tasks for appropriate approval.
  • Automate emails based the state and conditions of the tasks.
  • Dump a listing of all tasks to Excel.
  • One-time Tasks