Accountagility is a Representative Vendor in 2021 Gartner® Market Guide for Cloud Financial Close Solutions.

We are proud to announce that Accountagility has been named a Representative Vendor in the July 2021 Market Guide for Cloud Financial Close Solutions report. We believe this is a powerful step forward in our work toward building a range of finance automation solutions.

This Gartner® Market Guide for Cloud Financial Close Solutions will help you identify vendors that are a good match for your financial close and consolidation requirements.

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You can use a Market Guide to understand how the status of an emerging market aligns with your future plans. In addition, since Gartner® has published over 100 Market Guide research notes, IT and strategic leaders can gain a broad view of many markets, including mature and smaller markets, in an easy-to-read format.

In this Gartner® Market Guide, you will learn:

  • How financial close solutions enable the office of finance to work remotely, automate manual tasks and shorten close cycles.
  • Alternative approaches to the market, with vendors increasingly offering significant financial close capabilities within a single solution, or adjacent solutions that share financial master data elements.
  • By exploring vendor’s existing and future roadmaps for AI-enabled capabilities, you can exploit automation capabilities.

According to Gartner®

“The financial close market includes capabilities that support and automate the close, consolidation and reporting processes of the overall finance record to report process.

Within these are composable vendor applications that enable the business process of closing the accounting books and reporting results.”

The cloud-only delivery of financial close applications has allowed vendors to frequently introduce new functionality that helps extend the application life cycle of the solutions, while also providing for additional automation opportunities.

The major suite vendors are now including more capabilities, either within their core finance module or within adjacent applications. This provides an opportunity to keep financial data self-contained within the same vendor ecosystem.

ORYX Close is a solution that saves many hours on the month, the quarter and the year end closing process. ORYX Close can save up to 50% of the time and effort it takes a medium to large Finance Department to perform its month, quarter, half and year end processes.

ORYX Close puts you back in control of the closing cycle, you can reduce evening and overtime working, you can allocate staff to other tasks, you can create more time for checking, reporting and regulatory outputs. In short, you can determine the best choices for your Finance function by improving productivity and gaining efficiencies.

This Gartner® report says:

The financial close market continues to grow in overall revenue as customers invest in FC solutions that replace legacy solutions, and highly manual and spreadsheet-based processes.

Close solutions can improve reporting processes and narrow the gap between closing the books and reporting results.

Cloud solutions provide an opportunity for businesses to improve overall internal controls over financial reporting.

Gartner Market Guide for Cloud Financial Close Solutions, Greg Leiter, Robert Anderson, 21 July 2021

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