Financial Close Software Development
Closing the books every month means task checklists, account reconciliation, sign-off chains, and an audit trail that holds up when auditors ask questions. BlackLine and FloQast built this for large, multi-entity enterprises, and price and scope the product for that market. Companies with 3-10 legal entities need the same workflow discipline, not the enterprise contract size or the price floor that comes with it. We build a custom alternative scoped to how your close actually runs.
Close task checklists that keep every entity, every owner, and every deadline on one calendar
Account reconciliation with matching rules, exceptions, and a sign-off chain built around your review structure
Audit trail on every reconciliation, adjustment, and approval, ready for your auditors
Fixed-cost delivery, scoped up front, with source code ownership
Bring the problem, the current workflow, or the existing code. We reply with a practical next step within one business day.
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The brief
Good software decisions begin with the constraint, not a list of features or a preferred technology.
Your close still runs through a shared spreadsheet, and nobody's sure which version is the real one until the deadline?
Priced out of BlackLine or FloQast because your entity count doesn't come close to justifying the contract?
Plain answer
Financial close software, also called account reconciliation software, manages the month-end and quarter-end close process: task checklists, journal entry review, account reconciliation and matching, sign-off chains, and an audit trail auditors can review. BlackLine and FloQast built and priced their platforms for large, multi-entity enterprises. RaftLabs builds a custom alternative for companies with 3-10 legal entities that need the same workflow discipline without the enterprise contract size. A single-purpose close and reconciliation tool typically runs $30,000-$70,000 over 14-18 weeks; a full platform with task management, reconciliation workflows, and an audit trail runs $70,000-$130,000 over 18-22 weeks, at a fixed cost.
What to remember
Proof
BlackLine is a $1.7 billion company with $717 million in trailing twelve-month revenue, built and priced for large enterprises closing dozens of entities a month. FloQast, backed by $303 million in funding, scopes for growing multi-entity finance teams a step below that. If you run 3 to 10 legal entities, you need the same discipline, task checklists, reconciliation sign-off, an audit trail, without paying for a platform sized for a company with ten times your entity count. We build that as custom software you own.
Capabilities
A calendar of close tasks assigned by owner, entity, and deadline, so nothing slips past month-end without someone accountable for it.
Matching rules that clear routine reconciling items automatically and flag the exceptions that need a person to look at them.
A sign-off structure that mirrors how your team actually reviews the close, preparer, reviewer, approver, with a record of who signed off and when.
Every reconciliation, adjustment, and approval logged with a timestamp and the supporting evidence attached, ready for your auditors to review.
Data pulled directly from your general ledger and ERP system, so reconciliations start from live balances instead of an exported spreadsheet.
Period-over-period variance flagged automatically, so review time goes to the numbers that actually moved, not the full trial balance.
How we work
We map your current close calendar, chart of accounts, entity structure, and sign-off chain. You leave with a written scope and a fixed-price quote.
We design the task and reconciliation data model and the integration layer into your GL and ERP system. Audit trail requirements are built into the design from the start.
You review working software at each sprint. Checklists, reconciliation matching, and sign-off workflows are built and tested incrementally.
The system runs against a real close cycle so your team can validate reconciliations and sign-off before it replaces your current process.
Why us
The engineers who map your close process also build the reconciliation engine. No offshore handoff after the contract is signed.
We scope the work, calculate the cost, and lock it in writing before any development starts.
A track record building financial systems that need audit trails, sign-off chains, and reconciliation logic built in from the start.
No vendor lock-in after delivery. The codebase, and everything built into it, is yours.
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Read moreFinancial close software manages the month-end and quarter-end close process: task checklists, account reconciliation, sign-off chains, and an audit trail. Account reconciliation software refers to the same core capability, matching and clearing account balances, and is usually part of the same platform.
Yes. Matching rules that clear routine reconciling items automatically and flag the exceptions that need review are core to most requests in this space. We scope the matching logic against your chart of accounts during discovery.
Yes. We log every reconciliation, adjustment, and approval with a timestamp and the supporting evidence attached, built to the standard your auditors expect to see.
A single-purpose close and reconciliation tool typically runs $30,000-$70,000 and takes 14-18 weeks. A full platform with task management, reconciliation workflows, and an audit trail runs $70,000-$130,000 over 18-22 weeks. We scope a fixed cost after discovery.
BlackLine and FloQast are strong platforms for large, multi-entity enterprises that need their scale of features and can absorb their contract size. Custom software makes sense when your entity count, around 3 to 10 legal entities, doesn't justify that enterprise price floor but you still need the same workflow discipline. We help assess the right fit during discovery.
Yes. We connect to your general ledger and ERP system so reconciliations start from live balances rather than an exported spreadsheet. We scope which systems you use during discovery.
Work with us
Tell us how your close runs today, and where the manual work sits. We'll scope a fixed-cost build.