Gappify provides a cloud-based accrual automation platform that streamlines manual accrual processes for corporate accounting teams, ensuring SOX compliance and reducing audit errors. By integrating data from various cloud-based ERP and budgeting tools, Gappify enables faster month-end closes and significant cost savings.
Funding
Funding not disclosed
Founders
Product
Problem
Corporate accounting teams often rely on manual processes for accrual management, which are time-consuming, error-prone, and difficult to audit, leading to potential compliance issues and increased costs. These manual accrual processes hinder efficient month-end closes and can strain resources.
Solution
Gappify provides a cloud-based accrual automation platform designed to streamline and automate manual accrual processes for corporate accounting teams. The platform integrates with various cloud-based ERP, P2P, and budgeting tools to centralize accrual data and automate workflows. By automating these processes, Gappify enables faster month-end closes, reduces audit errors, and ensures SOX compliance through system controls and audit trails. The platform's automated workflow frees up accounting teams to focus on higher-value activities.
Target Audience
Gappify targets corporate accounting teams, controllers, and CFOs seeking to automate accrual processes, improve audit results, and reduce costs.
Features
- Automated accrual calculations and journal entry creation
- Integration with cloud-based ERP, P2P, and budgeting systems
- System controls and audit trails for SOX compliance
- Real-time accrual data visibility and reporting
- Customizable accrual workflows
- PO compliance monitoring
- Vendor spend insights