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Gappify Accrual Cloud

Powering Completeness, Accuracy and Compliance

Manage your entire accrual process in a single cloud-based platform. Automate vendor and PO owner expense requests. Compare current month accruals with prior period actuals, creating a holistic view of your spending. Post SOX-compliant transactions and perform analytical & trend reviews for accuracy & completeness.

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Manage Your Entire Accrual Process in a Single Platform

Gappify’s Accrual Cloud autonomously requests estimates of unbilled expenses from your vendors & PO and budget owners, stores responses in the cloud-based platform & automates the creation of journal entries into your ERP to better manage your accrual process.

Responses and other relevant accrual data, including prior period actual accruals and default expense/liability accounts, are centrally organized & displayed within the platform to allow for robust analysis & review. At the conclusion of the workflow, SOX-compliant journal entries are generated within the platform for your selection and autonomous entry into your ERP system.

visualize

Manage and analyze your accrual process in one platform — with full visibility from start to finish.

Request

Autonomously request and collect estimates of unbilled expenses from your vendors and PO owners.

Compare

Compare current month accruals with prior period actuals, creating a holistic view of your vendor & PO spend.

Review

Review responses and post SOX compliant transactions; perform analytical & trend reviews to ensure accuracy and completeness.

“Gappify has allowed us to scale our AP, FP&A and accounting functions in a way that didn’t require us to throw additional bodies at the problem.”

“By leveraging Gappify’s Accrual Cloud,we were able to automate these tedious, repetitive tasks and ultimately reduce our close timeline by 6 days.”

“In an era of new business models and changing accounting standards, accounting professionals need automation so that they can deliver fast, correct and smooth close processes. Gappify equips finance staff to keep pace with the speed of business, and enable finance transformation in an era of increasing complexity."

“Gappify is a cornerstone of our close management tech stack. They are pioneers in automated vendor accruals (which they execute perfectly!) and continue to add value through their innovative new features, including PO compliance monitoring and vendor spend insights."

Accrual Management, Simplified

Benefit from the platform’s review center, where historical and current-month expense and accrual details are compiled into a centralized view. Manage your accrual confirmations and automated workflows on the platform’s transaction page. Utilize the Journal Entry review page (QJE) to review transactional-level details prior to posting your transactions in your ERP system.

Benefits:

Automatically reach out to all vendors for 100% accrual coverage - no need to limit confirmations to high risk vendors only
Aggregate details from your ERP and confirmees to provide a centralized accruals view
Allow Gappify to do labor-intensive tasks such as sending emails, collecting responses, aggregating expense data, and recording journal entries
Store accrual activities in ways auditors like — with a high-level of auditability to reduce risk and strengthen compliance

Business Value:

Close your books quicker, so management can make decisions faster
Increase efficiency without added effort or headcount cost
Mitigate risk of material misstatements and SOX significant deficiencies/material weaknesses by integrating Gappify into close workflow
Spend more time performing flux, strategic & analytical reviews to ensure accrual accuracy and completeness through a single platform

About Gappify

Gappify, founded in 2016, is a cloud-based provider of accrual automation solutions for mid-market and enterprise accounting teams. The company is headquartered in New York City, with offices in Berkeley, California, Washington DC, and Manila, Philippines.

Its team consists of accountants and CPA’s from Big Four accounting firms and software innovators. Gappify is also supported by strategic advisors from some of the world’s most recognized technology companies and is affiliated with the top companies & accounting organizations.