Achieve faster revenue realization and full financial transparency.
Automation helps you tap into your team’s strategic skill set, which enables you to build a best-in-class finance and accounting department.
Automate the month-end close process and reconcile year-end financial data quickly and efficiently, reducing the stress-heavy days when deadlines draw near.
Automating ongoing compliance enforcement allows your team to proactively address new regulations before they impact your business.
Maintaining an accurate, real-time picture of financial health is critical to business success. At most organizations, creating financial reports involves running multiple large Excel files simultaneously, creating stalls and long execution times. By automating the process with Catalytic, businesses can reduce time-to-completion by 50% or more and ensure the process runs accurately.
The invoice process typically involves multiple stakeholders, requires time-consuming communication, and is often slowed down further by discrepancy resolution. Catalytic can intake invoices from vendors and suppliers, parsing out information and identifying relevant fields. If there are concerns, the right employee can receive a notification to review or approve the invoice, and Catalytic can push the relevant data to your payment system to complete the transaction.
For companies operating in multiple geographies, managing the accounting of transactions that occur in foreign currencies can be a time-consuming task. Catalytic can automatically reconcile credit and debit transactions that occur in currencies other than USD, identify the exchange rate, and provide tracking for these transactions for future reporting needs.
Catalytic helped one global certification company design a new invoice intake process that automated 90% of the manual work, driving an immediate $125,000 in cost savings.
Catalytic can integrate and automate any of the apps you currently use in your finance and accounting department.