Reimagining Book Close
The same PE-backed packaging manufacturer closed its books across multiple entities only once a year, leaving finance leadership working off stale numbers for months at a stretch.
CHALLENGE
Multi-entity consolidation, intercompany elimination and flux review were manual and slow, so a hard close happened only annually — far too infrequent to catch issues early.
OUR SOLUTION
Sumvec deployed its Book Close module to automate consolidation, reconciliation and flux analysis, run from a Digital Employee configured for this client's close calendar.
PLATFORM & PRODUCT
SumvecOS — configuring the Close Manager digital employee that runs this client's month-end close: checklist tracking, exception surfacing, and approval
routing.
4X Impact — Acceleration
Book close frequency increased from an annual hard close to quarterly, with early reports enabling early action.