Financial Close

Deloitte’s AI-Driven Financial Close Orchestration Solution can transform the traditional, labor-intensive financial close process into an automated, intelligent, and efficient workflow for modern finance teams. By deploying a suite of specialized AI agents, the solution manages the close cycle, starting with dynamic close calendar management that automatically updates tasks, deadlines, and dependencies based on real-time progress and emerging bottlenecks. Pre-close validation is streamlined as AI continuously monitors subledger statuses and provides instant alerts on delays or incomplete interfaces, confirming readiness for general ledger close. Recurring journal entries are posted automatically, with intelligent updates to amounts and accounts, eliminating manual data entry and helping reduce errors. The platform auto-reconciles all balance sheet accounts to supporting details, highlighting discrepancies for resolution. Advanced analytics agents perform real-time account and variance analysis, identifying unusual movements, trends, and generating explanations by correlating actuals with budgets, prior periods, and operational drivers. Top-side adjustments are tracked and managed, with AI suggesting automation for recurring items to further reduce manual intervention. The solution also conducts sophisticated flux analysis, linking period-over-period changes in financial statements to underlying business metrics and seasonality. Close task tracking is optimized through predictive sequencing and completion time estimates, helping ensure delivery and resource efficiency. Draft financials are auto-generated from the trial balance, with proper classifications and disclosures, while dynamic management review packs are created with actionable insights, KPIs, and commentary for leadership. Finally, the certification process is fully automated, with AI managing workflow, tracking compliance, and confirming all process owners complete required sign-offs. By automating, orchestrating, and enhancing the financial close, Deloitte’s solution can empower finance teams to achieve faster, more accurate closes, reduce risk, and focus on strategic value creation in today’s complex business environment. This professional service utilizes Amazon Bedrock, Bedrock Agents, Strands Agents, Lambda and OpenSearch.