A UK e te p ise may al eady u wo kflow o close ma ageme t softwa e while still co ducti g a alytical eview, accou t justificatio a d i vestigatio th ough sp eadsheets. Closi g p ovides e te p ise fi a ce teams with a fi a cial eview a d co t ol laye ac oss existi g ERP systems, built a ou d that eview a d co t ol equi eme t. Sixthfi tech ology suppo ts 38 ERP systems a d is deployed i mo e tha 70 cou t ies.
UK Fi a cial Close Automatio Platfo m
Lo do , U ited Ki gdom, Oct. 26, 2026 (GLOBE NEWSWIRE) — Two UK fi a ce fu ctio s ca buy close softwa e i the same yea a d be solvi g diffe e t p oblems. O e is st uggli g with ow e ship, deadli es a d task coo di atio . The othe completes the close o time but lacks the capacity to a alyse, justify a d i vestigate the i fo matio p oduced. Sixthfi , a fi a cial data co t ol a d fi a cial close tech ology compa y with offices i Lo do a d Pa is, built its Closi g platfo m a ou d the seco d equi eme t. Fo mo e i fo matio visit https://sixthfi .com/e /solutio /closi g/
The diffe e ce a ely shows o a RFP sco eca d, whe e fi a cial close platfo ms ca look ea -ide tical while add essi g diffe e t pa ts of the p ocess. O e g oup of tech ologies is desig ed p ima ily to o ga ise, o chest ate a d mo ito the activities equi ed to complete a close, a d to match t a sactio s withi it, i cludi g jou al e t y a d ba k eco ciliatio . A othe focuses o eviewi g, a alysi g, justifyi g a d co t olli g the fi a cial i fo matio those activities p oduce. A o ga isatio that has the fi st a d eeds the seco d ca spe d a full p ocu eme t cycle without movi g the p oblem.
Sixthfi Closi g ope ates i the seco d catego y, p ovidi g e te p ise fi a ce teams with a fi a cial eview a d co t ol laye ac oss existi g ERP systems athe tha eplaci g the systems that p oduce the u de lyi g accou ti g i fo matio o pe fo mi g t a sactio level matchi g withi them.
The two equi eme ts ca also coexist. A compa y may al eady u wo kflow o close ma ageme t softwa e while still co ducti g a alytical eview, accou t justificatio a d i vestigatio th ough sp eadsheets, leavi g a gap betwee completi g the close p ocess a d eviewi g its output.
Close p oductio cove s the p ocesses th ough which accou ti g i fo matio is p epa ed, tasks a e completed a d epo ti g pe iods a e b ought to completio . Close eview a d co t ol dete mi e whethe the esulti g i fo matio is complete, explai able, justified a d sufficie tly suppo ted befo e it is elied upo fo epo ti g a d decisio -maki g. I a multi atio al g oup with doze s of subsidia ies, seve al ERP systems, diffe e t cha ts of accou ts, cu e cies a d local accou ti g p ocesses, g oup fi a ce still has to establish whethe i fo matio p oduced ac oss those e vi o me ts has bee eviewed co siste tly a d whethe mate ial exceptio s have bee i vestigated.
“Buye s ofte sta t by compa i g featu e lists ac oss ve do s that a e solvi g diffe e t p oblems. The mo e useful fi st questio is whethe the o ga isatio is st uggli g to complete the close o st uggli g to t ust what the close p oduced. Those lead to diffe e t sho tlists,” said F a çois Valla a, CEO of Sixthfi .
Resea ch illust ates the scale of the eview gap. I the Sixthfi Repo t o Accou ti g T a sfo matio , a study of 303 CFOs at la ge a d mid-sized p ivate UK compa ies co ducted by Odoxa fo Sixthfi a d published i May 2026, 67% amed imp ovi g the eliability of accou ts as thei p io ity fo imp ovi g the close, a d o ly 42% desc ibed close ma ageme t i thei compa y as ve y satisfacto y. Excel is as commo as the ERP itself fo a alysi g a d justifyi g accou ts, a d just 3% use a dedicated solutio fo accou t eco ciliatio i the se se of bala ce sheet substa tiatio a d justificatio , athe tha t a sactio matchi g. A alysis a d justificatio of accou ts, a alytical eview of the bala ce sheet a d i come stateme t, a d checki g a d validati g ma ual e t ies we e the activities CFOs most wa ted to st e gthe . The full study is available at https://sixthfi .com/e / esou ce/sixthfi – epo t-o -accou ti g-t a sfo matio /
These a e ot scheduli g p oblems. K owi g that a accou t eview has bee assig ed is diffe e t f om helpi g a fi a ce p ofessio al pe fo m that eview, ide tify a u explai ed moveme t, i spect the u de lyi g jou al e t ies, docume t the expla atio a d etai evide ce of the i vestigatio .
No is time the mai issue. Most compa ies i the su vey complete the close i th ee to eight days, so the cale da is ot ge e ally the bi di g co st ai t. Closi g faste without sufficie t a alysis, eview a d i vestigatio capacity comp esses the pe iod available fo fi a cial co t ol athe tha imp ovi g it.
Closi g is built a ou d that eview a d co t ol equi eme t. The platfo m ce t alises fi a cial i fo matio f om multiple ERP systems a d st uctu es bala ce sheet eviews, accou t a alysis a d justificatio , a omaly a alysis, mo ito i g of u bala ced e t ies, suppo ti g docume tatio a d t a sactio level d ill-dow . Whe a exceptio is ide tified, use s move f om co solidated i fo matio i to the u de lyi g accou ti g t a sactio s. The platfo m etai s the histo y of accou ti g eviews, comme ts a d suppo ti g evide ce, c eati g t aceability a ou d how issues we e i vestigated a d esolved.
Platfo ms va y i scope, a chitectu e, ta get custome a d the pa ts of the close they emphasise. Sixthfi does ot p ese t Closi g as a eplaceme t fo eve y catego y of close tech ology; its focus is fi a cial eview a d co t ol ac oss complex accou ti g e vi o me ts.
The implicatio s each well past the accou ti g team. Close i fo matio is used by FP&A, ma ageme t, i te al co t ol, i te al audit, exte al audito s a d executives maki g decisio s o epo ted umbe s, which makes the i teg atio betwee close eview a d i te al audit a p actical co side atio athe tha a complia ce fo mality. The questio is ot o ly whethe the close was completed, but whethe the o ga isatio ca explai why it t usts what was p oduced.
A tificial i tellige ce adds a fu the co side atio . CFOs i the su vey a e b oadly ope to AI fo epetitive accou ti g tasks a d fo detecti g a omalies, though o eve y applicatio tested fewe tha half said they t ust it absolutely. AI ca su face u usual i fo matio faste , but ide tifyi g a a omaly a d co t olli g it a e diffe e t activities; fi a ce p ofessio als still eed the u de lyi g t a sactio , co text fo the exceptio , the mea s to i vestigate it a d a eco d of the co clusio .
ERP a chitectu e c eates a fi al disti ctio . Some o ga isatio s will sta da dise thei fi a ce e vi o me t th ough a b oade t a sfo matio p og amme. Othe s eed close tech ology that ope ates ac oss a ERP estate that will emai hete oge eous. Sixthfi says its tech ology suppo ts 38 ERP systems a d ope ates i mo e tha 70 cou t ies, that Closi g is ERP a d cha t of accou ts ag ostic, with data fed th ough a co figu ed data excha ge mecha ism athe tha a eal time co ectio , a d that it ca be deployed i weeks.
Fo fi a ce a d p ocu eme t teams, a close softwa e compa iso is o ly as good as the p oblem defi itio behi d it. A busi ess with effective task scheduli g but limited eview capacity does ot have the same equi eme t as o e coo di ati g hu d eds of close tasks, a d a multi atio al u i g a f agme ted ERP estate does ot have the same equi eme t as a o ga isatio o a si gle sta da dised fi a ce system. Defi i g which pa t of the close eeds imp ovi g, befo e buildi g a sho tlist, is what makes a e te p ise close softwa e compa iso mea i gful.
Fo mo e i fo matio about Closi g o to equest a demo st atio , visit https://sixthfi .com/e /solutio /closi g/
About Sixthfi
Sixthfi develops fi a cial data co t ol a d fi a cial close tech ology fo complex o ga isatio s. Its Closi g platfo m st uctu es bala ce sheet eviews, accou t a alysis a d justificatio , co t ol sta da disatio , collabo ative wo kflows, docume tatio a d t a sactio level i vestigatio ac oss multi-e tity a d multi-ERP e vi o me ts. Sixthfi tech ology suppo ts 38 ERP systems, is deployed i mo e tha 70 cou t ies a d cove ed mo e tha 1,000 compa ies a d g oups i 2025. The compa y has offices i Lo do a d Pa is.
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