Eliminate the reconciliation headaches and data quality issues that delay your month-end close. Catch errors before they become audit findings.
How financial data quality issues impact your operations.
KPI Impact: Extended close cycles, overtime costs
KPI Impact: Compliance risk, remediation costs
KPI Impact: Manual adjustments, reporting delays
KPI Impact: Restatement risk, SOX compliance issues
KPI Impact: Inaccurate financial statements
Data problems that cause close delays and audit findings.
Data quality monitoring designed for finance teams.
Neomir continuously validates your financial data across ERP, consolidation, and reporting systems. Reconciliation issues are flagged immediately, not discovered during month-end crunch. Complete audit trails document data quality for your auditors.
The finance team discovered intercompany imbalances on day 3 of close. Tracing the root cause took 2 days. Manual adjustments were required, and the close was delayed by a week. The auditors flagged the manual entries as a control weakness.
Neomir's daily intercompany reconciliation catches imbalances within 24 hours of occurrence. The issue is resolved before month-end begins. Close completes on schedule with full documentation for audit.
Measurable improvements in financial data quality.
Reduction in month-end close cycle time
Reduction in manual journal entries
Data quality documentation for auditors
Reduced reconciliation and rework costs
Industry
Financial Services
Challenge
A regional bank's finance team spent 40% of their time on data reconciliation during month-end close. Intercompany transactions frequently didn't balance, and auditors had flagged data quality as a material weakness.
Solution
Neomir was deployed to monitor GL balances daily and run intercompany reconciliation automatically. Custom rules validated journal entry completeness and flagged unusual transactions for review.
Result
Month-end close reduced from 12 days to 6 days. Manual adjustments decreased by 85%. The material weakness was remediated in the next audit cycle.
“Our auditors were impressed with the data quality documentation. For the first time, we could show them exactly how we monitor and validate our financial data.”
Explore the capabilities that matter most for your use case.
Continuous monitoring of GL balances, subledger totals, and financial data completeness.
Learn moreCross-system reconciliation between ERP, consolidation systems, and reporting tools.
Learn moreCustom validation rules for financial controls, segregation of duties, and compliance checks.
Learn moreSee how Neomir can help your finance team close faster with data quality you can defend to auditors.