Financial Close Management
Close faster with controls that hold up under scrutiny
Velixo automates the recurring reports, reconciliations, and distribution workflows that drive month-end close so your team spends less time on the mechanics of closing and more time on the exceptions that need their attention.
50%
reduction in close time
Month-end
prep from days to hours
Audit-ready
reconciliations
4.7/5
Rated on G2
Velixo automates what’s already in your close process. Recurring reports refresh instead of rebuild. Reconciliations tie back to the ERP automatically. Manual distribution gets replaced by scheduled delivery.
“What makes month-end close so expensive”
The close process is manual from start to finish. Velixo automates it.
Every month-end follows the same sequence. Pull the trial balance. Reformat it in Excel. Run the reconciliations against the subledgers. Check the intercompany balances. Prepare the financial package. Distribute it to leadership. Then wait for someone to ask for a cut you didn’t pull, and start a piece of it again.
None of that work is intellectually difficult. Most of it is execution: assembling data from a system into a format the system can’t produce directly, verifying that it ties, and getting it to the right people. Manual execution at this scale takes time, introduces error risk, and keeps the finance team reactive for the first week of every month, working on history instead of what’s next.
When reconciliations are done manually in disconnected spreadsheets, the audit trail is whatever the file history happens to show. When an auditor asks how a figure was derived, the answer is a chain of exports and manual calculations rather than a direct link to the ERP.
How Velixo works for financial close management
Recurring reports that refresh, not rebuild
Every report produced on close, P&L, balance sheet, trial balance, departmental packages, is built once in Velixo and refreshed each period against live ERP data. Reports are current the moment the period closes, not two days later.
How Velixo works for financial close management
Cross-ledger reconciliations and live adjustments
Account reconciliations, bank reconciliations, and intercompany eliminations in Velixo are built on live ERP Query subledgers for reconciliation purposes, and writeback adjustments or automate recurring Journal entries (such as accrual use cases) instead of reconciling from manual exports And manual data keying. Discrepancies are caught against current data, not a snapshot that may have moved. Drill-through from any reconciliation line to the underlying transaction is a single click.
How Velixo works for financial close management
Audit readiness built into the close
Because Velixo reports connect to live ERP data, the audit trail is the ERP itself. Every figure in a Velixo-produced reconciliation or financial statement traces directly back to the transactions that drive it. When auditors ask for support, the answer is a drill-through, not a reconstruction.
How Velixo works for financial close management
Intercompany management and eliminations
For multi-entity organizations, intercompany balance reconciliation is one of the most time-consuming parts of close. Velixo pulls intercompany balances live across entities and surfaces mismatches before they become close blockers. Elimination entries can be prepared in Excel and written back to the ERP directly, no manual ERP data entry required.
How Velixo works for financial close management
Automated distribution
The final step of close, distributing the financial package to leadership, department heads, and other stakeholders, is manual in most organizations. Velixo automates it. Reports refresh, get packaged per recipient with appropriate filters applied, and are distributed by email or via Microsoft 365 on a schedule. The close is done when the refresh runs.
Don't take our word for it
Velixo Reports has drastically reduced the amount of time it takes for my month-end financial statement preparation. I couldn’t be happier. Excellent product.
Preparing my board management report went from six hours to one hour, and I can probably save an extra 30 minutes with further Velixo automations.
We have significantly improved our financial reporting efficiency, reducing time spent on board reports from hours to minutes.
What is covered with Velixo’s financial close management
Close workflows Velixo handles: AR/AP/Inventory/Bank reconciliations · Intercompany balances and eliminations · Trial balance preparation · Period-end financial statements · Variance analysis · Live adjustments through Journal creation · Audit support documentation · Automated close package · Distributed reports packs
Commonly built by customers: Custom close checklists tied to live ERP data · Accrual and prepayment schedules · Multi-entity close coordination · Tax provision workpapers · Management commentary templates
Who benefits from Velixo’s financial close management
Financial Controller
The close is the controller's core deliverable. Automating the recurring pieces gives the team time to focus on the exceptions.
See how controllers use VelixoCFO
A faster close means leadership sees accurate financials sooner and has more time to act on them before the next period begins.
See how CFOs use VelixoFinance Manager
When the close runs on automated reports rather than manual rebuilds, a small team can manage the same workload in significantly less time.
See how finance managers use VelixoRelated use cases Velixo supports
Make week-long closes a thing of the past
See how Velixo handles reconciliations, automated distribution, and audit-ready reporting in a 30-minute demo. No preparation required.
50% reduction in close time across Velixo customers. Most teams see results within the first close cycle.