The books are never behind — reconciled continuously, every variance explained, audit-ready every day.
Closeloop connects directly to your ERP and bank feeds, matching transactions against sub-ledgers in real time throughout the month. When day zero arrives, flux memorandums are already drafted, intercompany imbalances are eliminated, and exceptions are already resolved.
|
Entry ID
[UUID]
|
Timestamp
[TIME]
|
Entity / Sub
[ENTITY]
|
GL Account Code & Name
[GL-CODE]
|
Counterparty / Feed Reference
[REF]
|
Debit (USD)
[DR]
|
Credit (USD)
[CR]
|
Reconciliation Logic
[RULE]
|
Status
[STATE]
|
|---|---|---|---|---|---|---|---|---|
| TXN-89418 | 13:42:18 | US-East OpCo | 1010-00 Operating Cash | Stripe Merchant Settlement #STR-90412 | $84,320.50 | — | 100% Deterministic Bank Join | Reconciled |
| TXN-89421 | 13:41:02 | US-East OpCo | 2100-00 AP Clearing | Meridian Cloud Systems (PO-8819) | $14,280.00 | — | Split Wire Mismatch: -$720.00 delta | Flagged Exception |
| TXN-89419 | 13:38:45 | UK Ltd | 1450-00 IC Due-From US | R&D Shared Services Recharge Q3 | — | $62,400.00 | 99.8% Bilateral Elimination OK | Reconciled |
| TXN-89415 | 13:35:10 | DE GmbH | 1100-00 Accounts Receivable | Siemens AG · Inv #DE-2026-904 | — | $194,500.00 | 100% AR Remittance Auto-Cleared | Reconciled |
| TXN-89411 | 13:28:04 | US-East OpCo | 5020-00 Cloud Infra Accrual | AWS Organizations Telemetry Ingestion | $27,450.00 | — | 99.4% Metered Usage Accrued | Reconciled |
| TXN-89408 | 13:19:50 | US-East OpCo | 2200-00 Payroll Tax Clearing | Rippling Wire #PAY-2026-18 | — | $41,890.15 | 100% Tax Sub-ledger Matched | Reconciled |
Automated Reconciliation Audit Dossier
| Operating Entity | US-East OpCo |
| GL Account Code | 1010-00 Operating Cash |
| Cleared Value | $84,320.50 DR |
| Match Verification | Reconciled |
| Cryptographic Hash | sha256:7f8a4e... |
The 3-Way Continuous Matching Pipeline
Closeloop unifies disparate transactional streams into a single in-memory graph, reconciling accounts before discrepancies accumulate into close-week emergencies.
Bank & Merchant Feeds
Subledger Transactions
Core General Ledger
Closeloop Graph Engine
In-memory relational joining of raw wires, remittances, exchange rate benchmarks, and subledgers with < 90 second clearance latency.
Reconciled Cash & AP/AR
Bilateral IC Eliminations
Audit-Certified Workpapers
Why the 8-to-10 day month-end close is a broken historical relic
Traditional accounting software was designed for monthly batch processing on 1980s mainframe computers. Corporate finance teams spend the first two weeks of every month chasing missing receipts, reconciling stagnant bank statements, and arguing over intercompany imbalances. Closeloop transforms month-end into a non-event.
8.4 Days of High-Stress Triage
Reconciliation postponed until day zero, leading to rushed journal entries and audit deficiencies.
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Stale Monthly Bank ReconciliationsUnmatched cash transactions sit untouched until day +3 of the close. Unidentified discrepancies require frantic emails to business unit leaders.
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Subjective, Manual Flux AnalysisSenior analysts spend 40+ hours per quarter writing superficial variance explanations like "increased due to higher volume" that external auditors immediately reject.
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Bilateral Intercompany ImbalancesSubsidiaries record intercompany transactions in different periods, with differing FX exchange rates, producing painful out-of-balance eliminations at consolidation.
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Brittle Spreadsheet ChecklistsControllers track 120+ close tasks in shared Excel sheets where version collisions happen constantly and control evidence is lost.
2.1 Days of Disciplined Review
Every transaction matched in real time. Day zero is merely an approval milestone, not a fire drill.
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Real-Time Continuous IngestionEvery bank statement line and merchant payout is matched against sub-ledgers within 90 seconds of posting, keeping cash constantly reconciled.
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Deterministic Sub-Ledger Flux MemosCloseloop joins underlying invoices, POs, and contract lines to write rigorous, audit-defensible variance explanations with source document links.
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Automated Bilateral EliminationDue-To and Due-From accounts are paired continuously across disparate ERP instances. Currency differences are remeasured daily under ASC 830.
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Immutable SOX 404 Control TrailEvery matching decision, rule trigger, and controller sign-off is logged cryptographically with timestamped evidence for external auditors.
Calculate your organization's continuous close ROI
Adjust your legal entity count, monthly transaction volume, and current close cycle to estimate hours recovered by your accounting team and projected operational cost savings.
Engineered for controllers who refuse to accept close-week chaos
Closeloop replaces manual spreadsheet matching with four continuous deterministic engines designed specifically for multi-entity corporate structures.
Continuous 3-Way Subledger Reconciliation
Matches bank statements against accounts payable, accounts receivable, and merchant feeds as transactions occur. Handles complex multi-line splits, foreign exchange rate variances, and merchant fee netting automatically with 94.2% zero-touch clearance.
TOLERANCE: $0.01 precision · FX tolerance configurable by currency pair
Autonomous Flux & Variance Explanations
When account balances cross your materiality threshold (e.g. $15,000 or 10%), Closeloop queries the underlying transaction graph rather than guessing. It generates precise, audit-defensible variance memorandums citing customer contracts, vendor terms, and operational drivers.
OUTPUT: Complete Big Four-ready technical accounting flux memorandums
Real-Time Bilateral Intercompany Elimination
Multi-entity books drift apart when subsidiaries fail to mirror intercompany recharge journals simultaneously. Closeloop tracks bilateral Due-To/Due-From pairs in real time, flags unposted counterparty entries, and drafts automated elimination journal entries.
SUPPORT: Multi-instance ERP bridges (NetSuite ↔ SAP S/4HANA ↔ Dynamics)
Continuous Audit Trail & SOX 404 Readiness
Every reconciliation decision, manual override, and exception resolution generates an immutable digital signature. External auditors receive direct read-only access to testing workpapers, sample selections, and supporting source files without pulling your staff away.
EXPORT: 1-click binder generation for PCAOB and external audit walkthroughs
Test Closeloop's deterministic flux engine
See how Closeloop explains complex balance sheet and income statement fluctuations by interrogating underlying sub-ledger events rather than hallucinating generic boilerplate.
ASC 340-40 Capitalized Sales Commission Amortization Flux
Variance exceeds materiality threshold of $10,000. Closeloop matched 14 new multi-year enterprise contracts executed in Salesforce CRM against Stripe billing feeds. ASC 340-40 sub-ledger amortizes commissions over the 48-month average customer life. Net increase of $35,650 is driven by accelerated closing of Q3 European expansions. Audit documentation attached with contract IDs and amortization schedules.
How continuous close functions in your daily accounting cadence
Closeloop operates as an intelligent coordination overlay on top of your existing general ledger. No ripping or replacing your ERP.
Read-Only Ingestion
Secure REST API and webhook connectors pull real-time transaction updates from your ERPs (NetSuite, SAP, Oracle), corporate bank accounts via Plaid/SWIFT, and merchant billing engines.
Continuous Graph Matching
Our deterministic reconciliation engine matches 94%+ of records against invoices, POs, and sub-ledgers within 90 seconds. Unmatched lines are tagged with specific discrepancy reasons.
Flux & Exception Flagging
As account balances fluctuate throughout the 30-day cycle, Closeloop compiles audit-defensible flux explanations and drafts proposed adjusting entries for controller review.
Day-Zero Approval & Lock
At calendar month-end, the accounting team reviews pre-cleared balances and approved adjusting entries. The close binder is signed off in 2.1 days instead of 8.4 days.
Compatible with your core general ledger infrastructure
Closeloop maintains native, read-write and read-only connector compatibility across all major enterprise resource planning platforms and corporate treasury gateways.
Proven results across high-volume accounting teams
Corporate controllers and finance directors describe how real-time continuous close transformed their close cycle and eliminated auditor friction.
Predictable investment scaled by legal entities and volume
Every tier includes continuous matching, bank feed connectors, zero model training, and SOC 2 Type II compliance. Never a freemium or $0 tier.
Growth
For mid-market finance teams closing books across up to 3 legal entities.
- ✓ Up to 3 Legal Entities
- ✓ 1 Primary ERP Connection (NetSuite, Sage, QBO)
- ✓ 10,000 Monthly Transactions Included
- ✓ Real-Time Bank Feed Auto-Matching
- ✓ Standard Variance & Flux Alerts
- ✓ Audit Trail & Workpaper Exports
Scale
For high-growth companies with multi-currency books and intercompany eliminations.
- ✓ Up to 12 Legal Entities Included
- ✓ Unlimited ERP & Sub-Ledger Connections
- ✓ 100,000 Monthly Transactions Included
- ✓ Bilateral Intercompany Elimination Engine
- ✓ Autonomous Subledger Flux Memorandums
- ✓ ASC 830 Multi-Currency Remeasurement
- ✓ Dedicated Implementation Specialist
Enterprise
For complex corporate structures requiring customized ERP bridges and dedicated SLAs.
- ✓ Unlimited Legal Entities & Subsidiaries
- ✓ Custom On-Premise SAP / Oracle Bridge
- ✓ Unlimited Transaction Volume
- ✓ Dedicated External Auditor Portal Access
- ✓ 99.95% Continuous Uptime SLA Commitment
- ✓ Custom SOX Internal Control Workflow Mapping
- ✓ 24/7 Dedicated Accounting Support
Technical & operational questions from corporate controllers
Legacy close tools are fundamentally workflow checklists — they help you manage human tasks and upload static Excel files at the end of the month. Closeloop is an automated execution engine. We reconcile transactions continuously throughout the month as data streams into your ERP, eliminate intercompany drift in real time, and auto-generate audit-defensible flux memorandums from transaction graphs. With Closeloop, you don't track a 10-day close; your books are already closed on day zero.
Absolutely never. Closeloop maintains a contractual, zero-retention, zero-model-training policy. Your GL accounts, journal entries, invoice line items, and transaction descriptions are isolated in customer-dedicated encrypted databases (AES-256 at rest, TLS 1.3 in transit) and are never used to train or fine-tune public foundation models or shared systems.
Closeloop does not allow generic language models to invent financial numbers. Our architecture separates deterministic calculations from memorandum drafting. First, our deterministic query engine joins general ledger accounts with underlying sub-ledger records (invoices, purchase orders, contracts) to compute exact dollar and percentage drivers. Only after mathematically verifying the variance does our constrained LLM draft the formal audit memo using the verified sub-ledger evidence.
Closeloop connects to each subsidiary's ERP ledger and continuously monitors reciprocal Due-To and Due-From accounts. It ingests daily foreign exchange benchmark rates (such as European Central Bank or Federal Reserve spot rates) and applies ASC 830 / IAS 21 remeasurement logic automatically. When timing delays or unrecorded counterparty journals produce an out-of-balance condition, Closeloop highlights the specific missing journal entry and proposes the bilateral elimination.
No. Closeloop operates safely in read-only mode during initial deployment. It ingests trial balances, journal entries, and sub-ledger transactions to perform continuous reconciliation. Once your controller verifies the proposed adjusting entries, you can either export approved journal entry CSV/Excel packages or enable direct API posting with strict role-based approval controls.
Cloud ERP connections (NetSuite, Sage Intacct, QuickBooks Online) take less than 45 minutes using standard OAuth 2.0 or token-based authentication. Complex enterprise ERP configurations (SAP S/4HANA or Oracle Cloud) typically require 1 to 2 weeks for security review and field mapping. Full historical chart of accounts synchronization runs in the background.