Fluence provides a pure-cloud financial close and consolidation platform designed for mid-sized companies, enabling them to generate accurate consolidated financial statements and reports in record time. By automating workflows and eliminating manual data entry, Fluence reduces financial close and reporting times by up to 90%, allowing finance teams to operate more efficiently.
Funding
$10M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Mid-sized companies often struggle with financial consolidation, facing challenges in generating accurate consolidated financial statements and reports due to manual data entry and disparate systems. This results in lengthy financial close processes, increased risk of errors, and inefficient use of finance team resources.
Solution
Fluence provides a pure-cloud financial close and consolidation platform designed to streamline and automate the consolidation process for mid-sized companies. The platform offers out-of-the-box consolidation models, drag-and-drop workflow, and a cloud calculation engine to deliver consolidated financial statements in record time. By eliminating manual data entry and automating workflows, Fluence reduces financial close and reporting times, allowing finance teams to operate more efficiently and report with confidence. The Excel-based interface and pre-built complex consolidation calculations support a wide range of business requirements, ensuring accuracy, timeliness, and transparency in financial reporting.
Target Audience
Fluence primarily targets mid-sized companies with complex, high-growth environments seeking to streamline their financial close, consolidation, and reporting processes.
Features
- Out-of-the-box consolidation models and pre-built complex consolidation calculations
- Intuitive Excel-based interface for updating ownership and building reports
- Drag-and-drop workflow automation for financial close management
- Cloud calculation engine that scales with business growth
- Direct integration with Fluence Consolidation platform for disclosure management and narrative reporting
- FluenceXL data-connected Excel add-in for insightful, interactive reporting
- Record-to-report audit trails for financial close management
- Support for SEC, ESEF, ESG, and other regulatory reporting requirements