Closing Expediter

Automated Oracle JD Edwards monthly and annual closing process.

An operational and management tool designed to speed up month and annual close routines in JD Edwards.

Flexible and adaptable solution that allows company/country specific processes to be incorporated.

The fast-closing tool is fully integrated with JD Edwards standard Modules.

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Closing Expediter Tool Overview

This is a closing expediter tool that offers an operational and management tool designed to speed up month and annual close routines in JD Edwards. Users are alerted of problems, errors are identified and displayed on a single screen and automatic corrective actions based on error type can be taken with a single click. Any company using JD Edwards can benefit from it.

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The challenge

This speed-closing tool addresses a common problem faced by all companies which is dealing with issues that occur during the month and annual close routines.

It relies on standard JD Edwards processing preserving existing functionality and country localizations adopted by companies.

Flexible and adaptable solution that allows company/country specific processes to be incorporated.

Notifications settings can be tailored to include any recurring process as required.

The fast-closing tool highlights potential problems so that users can take proactive steps to resolve them before the critical days of the closing.

Companies set up personalized execution plans with routines that need to run for each type of period closing.

All errors are captured and displayed in a single, easy to use screen, eliminating the need to search through pdf outputs or Work Center messages.

Corrective actions are prompted by the tool based on the type of error encountered and can be taken by the user with a single click.

During the identification and resolution of issues, a Knowledge Database is built with instructions and tips on how to resolve the same error for future reference.

Integrity differences between modules are identified at the detail level and with the option to create adjustments for them. New online integrities were created for Accounts Payable x General Accounting and Accounts Receivable x General Accounting, providing easy discrepancies identification and correction.

Dashboards provide a management view of the closing process using self-explanatory charts and lists

 

How it works

Processes are executed automatically during the close based on pre-defined execution plans where they are organized and grouped into routines. Different execution plans can be configured based on company number, ledger type or type of closing; month, quarter etc.

A single repository for all error messages allows users to quickly identify and analyze the issues. Errors are grouped by process in single screen with a drill down function to view all transactions affected the same error.

For each identified error, the tool will suggest corrective actions that can be taken with a single click, drastically reducing the time spent on error resolution and freeing up resources to focus on value adding activities for the company.

A dashboard page provides a graphic snapshot of the current status of the closing with links to each process in more detail.

 

JD Edwards Integration

This accelerated-closing tool is fully integrated with JD Edwards standard Modules. Relies on standard JD Edwards processing preserving existing functionality and country localizations adopted by companies.

Benefits

  • Cost reduction: less time spent on error analysis and resolution
  • Data accuracy: Processes are executed automatically in a pre-defined order
  • Complete management view of the closing period via graphic indicators
  • Fully integrated with JD Edwards standard modules
  • Will meet country specific requirements as customized and localized processes can be added to the execution plan
  • Easy to install and quick to implement

Key Features

1. Pre-configured execution plans

Pre-configured execution plans of all closing process, including localization and customization

2. Different execution plans

Allows different execution plans by company, ledger type or type of close

3. Watchlists and notifications

Watchlists and notifications alert users of potential issues

4. Errors displayed in single screen

All errors are grouped and displayed in one single screen from where users can drill down to view transaction details

5. Fix errors with a single click

Fix errors with a single click using suggested corrective actions

6. Graphic dashboards

Back-to-back process view through graphic dashboards

Reviews

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Interesting Videos

Customer Testimonal Video “learn about the implementation and its positive impacts at HarperCollins Brasil” (upon request)

To learn more about the Closing Expediter Tool, its features and possibilities, watch the video (on request).

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Closing Expediter

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