Closegrove connects to your ERP, runs AI reconciliation, manages your close checklist, and produces an audit-ready package — all in one platform designed for the controller's workflow.
Controllers and VPs Finance at $50M–$500M companies burn 5–10 business days per month on manual reconciliation that should take hours.
Finance teams at mid-market companies — those running NetSuite, QuickBooks, or Sage Intacct, with 2–6 person accounting teams — spend the majority of their close time on work that is fundamentally pattern recognition: matching GL entries to subledger sources, hunting timing differences across bank feeds, and chasing intercompany balances across entities.
The tools available to them are either enterprise-grade (Oracle, SAP reconciliation modules that require six-month implementations and dedicated administrators) or insufficient (FloQast and similar workflow tools that track tasks but do not automate the matching itself). Mid-market finance teams are caught between tools too complex to implement and tools that only tell them what they already know.
The result is a predictable close cycle: the team spends day one through four on reconciliation, day five assembling a status update for the CFO, and a weekend exporting the audit binder. One-in-four companies report restatements caused by close-process errors. Reconciliation backlogs average 120+ open items at period start.
Closegrove ingests your existing financial data, applies AI matching logic, and surfaces only the exceptions that need human judgment.
Finance team connects ERP and bank feeds via OAuth. NetSuite, QuickBooks Online, QuickBooks Enterprise, and Sage Intacct are supported today, along with Stripe, Bill.com, Ramp, Brex, Expensify, Rippling, and Gusto. Existing chart of accounts and subledger mappings import in under 30 minutes — no custom configuration required.
The engine continuously monitors GL transactions, auto-matches bank and subledger entries using exact match, fuzzy match for timing differences, and rule-based grouping for multi-leg entries. Each period the engine builds a close checklist from historical close patterns and open items, auto-certifies clean accounts, and escalates exceptions with suggested journal entries. Human touch is limited to review-and-approve.
A real-time close dashboard shows completion percentage, overdue tasks, flagged exceptions, and assigned owners. At period end, one click generates a structured audit package — PDF and Excel — mapping every reconciled item back to source transactions, with exception notes and approver sign-off. SOX documentation requirements satisfied in under 60 seconds.
Six integrated modules replace the fragmented tools mid-market finance teams currently stitch together for each close cycle.
Auto-matches 90%+ of GL entries to subledger and bank sources on day one. Closegrove's reconciliation engine ingests every transaction from connected sources and applies a layered matching algorithm — exact match, fuzzy match for timing differences, and rule-based grouping for multi-leg entries. Accounts that pass automatically are certified and locked; unmatched items surface as exceptions with match suggestions, so your team resolves them in a single click rather than hunting through spreadsheets. Teams using Closegrove reduce manual reconciliation work by an average of 74% in the first close cycle.
Dynamic task list built from your close history, assigned by role and due date. Rather than managing a static spreadsheet of close tasks, Closegrove generates a prioritized checklist each period from historical close patterns and open exception data. Tasks are assigned to the right team member automatically, carry due dates derived from your target close day, and update their status in real time as work is completed. Controllers see a live completion percentage and can re-assign tasks or adjust due dates without leaving the platform — replacing the close-status email chain entirely.
Flagged items come with a suggested resolution so you review, not diagnose. When the reconciliation engine cannot auto-certify an item, it analyzes the transaction pattern and suggests the most likely journal entry, the source document to attach, or the person to contact. Suggestions are ranked by confidence and draw on your historical resolution patterns. Finance teams report that 60–70% of escalated exceptions are resolved by accepting the system suggestion, reducing average exception resolution time from 45 minutes to under 8 minutes per item.
One-click PDF + Excel export mapping every reconciled item to source transactions. At period end, Closegrove compiles a structured close package that auditors and internal reviewers can follow without additional context: each reconciled account links to its supporting transactions, exceptions list their resolution notes and approver, and the overall close status summarizes timing and sign-off chain. The package satisfies SOX documentation requirements for reconciliation evidence and can be generated in under 60 seconds from the close dashboard — eliminating the two-to-four hours finance teams typically spend assembling end-of-close binders.
Consolidate intercompany eliminations and FX adjustments across all legal entities automatically. For companies with multiple subsidiaries or operating entities, Closegrove ingests each entity's GL independently and then runs intercompany matching to identify and eliminate intercompany receivables, payables, and revenue. FX adjustments are calculated at the configurable rate — spot, average, or closing — and posted as journal suggestions. The consolidation dashboard shows each entity's close status and flags entities that will delay the consolidated close.
Track close duration, bottlenecks, and team performance trends over rolling 12 months. Closegrove records the precise timestamp of every close-related action — reconciliation match, task completion, exception escalation, sign-off — and aggregates them into a close performance dashboard. Controllers can see how many days the close took each period, which accounts or team members caused the most delays, and whether close duration is trending up or down quarter over quarter. These analytics help finance leaders set realistic close-day targets and build the business case for process changes with concrete data.
Connects to the tools your team already uses
Closegrove is designed around a specific finance team profile — not every accounting department, and not enterprise ERP implementations.
Controller or VP Finance at a mid-market company running NetSuite or QuickBooks, with a 2–6 person accounting team and a monthly close that regularly exceeds 5 business days. Company size: $50M–$500M annual revenue, 50–500 employees, 1–8 legal entities. You have reconciliation volume that overwhelms your team each month and you have evaluated workflow tools that track tasks but do not automate the matching itself.
Closegrove is not the right choice for enterprise companies with dedicated Oracle or SAP ERP implementations — the integration complexity is outside our current scope. We are also not well-suited for pre-revenue startups with minimal reconciliation volume, or for businesses that have already automated close with an incumbent platform such as FloQast or BlackLine and are satisfied with their current process.
Connect your ERP and see how Closegrove performs against your current reconciliation backlog. No implementation project required.