CloseCore vs novacly

CloseCore provides financial close management software that centralizes accounting workflows and automates recurring month-end tasks. Teams can configure tasks and folders once, then recreate them monthly with working-day due dates and reassignment options. Reconciliation features connect reconciled balances to ERP balances, flag out-of-balance items, and export transaction reports to Excel. Close controls include sign-off records, folder locking, and restrictions on editing close materials after completion. Listed ERP integrations include NetSuite, Sage Intacct, QuickBooks Online, Xero, Workday Financial Management, and Oracle Cloud; messaging and storage connections include Microsoft Teams, Slack, Zoom, SharePoint, OneDrive, Google Drive, Dropbox, and Box. The Close Management plan costs $187.50 a month, billed annually, and limits direct ERP integration to trial-balance data. Enterprise Close Automation has custom pricing and includes full ERP integration, an Excel add-in, AI workflows, and dedicated implementation, training, and support. A 14-day trial is listed. Platforms are web and extension.

Novacly is a financial close, consolidation, reporting and planning platform for finance teams managing 5–50+ entities. Close workflows include task templates, dependencies, deadlines, team assignments, status dashboards and activity audit trails. The platform imports trial balances from CSV, Excel or API sources and supports direct, split, formula and bypass transformation rules. Reports can be selected by entity, period, scenario and layer, filtered by dimensions, drilled down to source transactions, and exported to Excel or PDF. Planning covers driver-based plans, rolling forecasts, actuals-based seeding, cost allocations, and segment submission and approval workflows. An Excel add-in provides 11 custom formulas for retrieving financial data and refreshing it from Excel. AI can suggest account mappings, produce variance commentary, answer natural-language data queries and match intercompany items; users review and decide on its outputs. The maker says data is encrypted at rest with AES-256-GCM and in transit using TLS, with tenant isolation through PostgreSQL Row-Level Security. The product is in beta and has not completed formal compliance audits; the maker advises against using it as a system of record until certifications are achieved.