Month-End Close Automation - Alteryx
Use Case

Month-End Close Automation


In most accounting departments, month-end close processes require extensive calculations to reconcile final figures against consolidated statements. By automating routine calculations and internal routing of the results, accounting staff can free themselves up for higher-value tasks.

Risk Reduction

Reduce errors in repetitive, manual tasks

Top-Line Growth

Make better use of employee time by letting them focus on high-value tasks

Bottom-Line Returns

Standardize and automate processes across teams


Business Problem

Near the end of every month, staff accountants everywhere begin the reconciliation process to ensure the month’s financial transactions have all been recorded. Regular tasks include posting un-entered invoices, resolving any discrepancies in inventory, comparing budget with actual expenditures, analyzing the results, and preparing reports. All publicly held corporations are required to perform regular reviews to ensure the accuracy of their financial statements.

Although industry-standard workflow has long evolved past calculators and pencils, most accountants still rely on spreadsheets during month-end close. Starting with reports generated by the company’s accounting software, they import, massage, merge, and reformat data in spreadsheet models to confirm balances and track down discrepancies.

Analytics Solution

Given how universal and regular this labor-intensive approach is, accounting teams worldwide are ready to automate the monthly process wherever possible and reduce dependence on spreadsheets. Some follow-on calculations and workflows are inevitable, but most of the repetitive tasks are overdue for replacing.

Automation greatly reduces the labor involved in loading and mapping multiple source files together then generating multiple views into the monthly data. Programmed workflows eliminate human error in scheduling, selecting, filtering, joining, and formatting reports into data sets that accountants can use as is or hand off for additional modification. With routine calculations automatically performed each month, accountants can focus on higher-value tasks.


1 – Drag-and-Drop

Alteryx provides an easy-to-use and easy-to-learn interface

2 – Automate

Create repeatable processes and spend less time in spreadsheets

3 – Audit

Create fully visible workflows that provide clear audit trails


Additional Resources

Alteryx for Finance Professionals
Learn More
Starter Kit for Office of Finance
Learn More
Sales Tax Compliance and Reporting
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Continuous Monitoring and Audit
Learn More

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