WNS TRAC eClose

Optimizing Financial Close Management Across Distributed Teams

In a global and hybrid work landscape, the financial close process has become increasingly complex. However, our monitoring methods remain outdated, resulting in a fragmented and inefficient system.

Teams must shift from manual and legacy systems, such as spreadsheets and e-mails, to tech-based platforms for enhanced tracking and governance. The need is for intelligent solutions, while ensuring compliance and meeting market demands.

WNS TRAC eClose is a financial close tracking solution that consolidates and simplifies the monitoring of tasks across teams and locations. It brings users across departments and hierarchies on a single interface to view and assign tasks, track progress and generate reports.

Multiple Users, Single Platform

Bring in standardization, ease up operations with WNS TRAC eClose

Effortless Task Management

Use templates to create task lists for various period-specific activities, ensuring standardized processes

Tailored Task Configuration

Define tasks based on location, teams, workdays and time zones, enhancing efficiency across diverse setups

Personalized Workspaces

Role-specific homepages empower individuals to plan tasks and notify team members about upcoming actions, fostering collaboration

Adaptable Workflows

Build workflows according to task or operation needs, with customizable options for multi-level reviews, approvals, and SLA compliance

Seamless Documentation

Attach supporting documents to activities, centralizing essential resources for enhanced clarity

Action Tracking

Audit trail at the task level offers a clear history of actions with date and time stamps, aiding in future planning and performance assessments

Unified Access

Single sign-on simplifies entry, ensuring quick access to the platform

Flexible Deployment

With Microsoft Azure-hosted deployment, choose between cloud or on-premises setup based on your preference

Effortless Task Management Throughout the Process

Simplify Close Activities with Tailored Role-specific Features

Administrator

Configure task categories by location, business unit, team, ledger, user and assignment
Set up period calendar and rollover tasks
Re-allocate and / or discard tasks

Preparer

Take action on tasks swiftly

Add notes and attachments
Update task status (completed / put on hold)
Submit tasks

Reviewer / Approver

Effectively handle tasks with several options

Approve
Keep it on hold
Reject
Add comments

Supervisor

Monitor progress and take corrective actions
Re-allocate and / or discard tasks

Controller

Monitor close progress
Review dashboards and reports

The WNS Advantage

Built in-house using top technologies and finance and accounting know-how
Quick and cost-effective deployment – go live in 10-12 weeks
Secure and flexible environment – clients can either host their own instance or use WNS’ shared instance, both with isolated data
Tailored solution for each team, avoiding hardwired off-the-shelf applications
Streamlined close management, works with varied accounting systems globally

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