Financial Close Software Development
Month-end close software that fits 3-10 legal entities not an enterprise contract.
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.
Trusted by
The brief
Start with what is not working.
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.
What to remember
- Financial close software replaces the shared spreadsheet with task checklists, account reconciliation, sign-off chains, and an audit trail auditors can review.
- BlackLine and FloQast are priced and scoped for large, multi-entity enterprises, not for a company running 3 to 10 legal entities.
- Custom software gets you the same workflow discipline, checklists, reconciliation, sign-off, without the enterprise contract size or price floor.
- A full platform with reconciliation workflows and an audit trail is scoped at a fixed, agreed cost after discovery.
Proof
- software products shipped since 2015
- 100+
- RaftLabs delivery record
- average client rating across delivered projects
- 4.9/5
- Clutch, verified reviews
- scope and cost agreed in writing before any development starts
- Fixed price
- Every RaftLabs engagement
BlackLine prices for Fortune 500 closes. Your close doesn't need that price tag
BlackLine and FloQast built and priced their platforms for large enterprises closing dozens of entities a month. 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
What we build
Close task checklists and workflow
A calendar of close tasks assigned by owner, entity, and deadline, so nothing slips past month-end without someone accountable for it.
Account reconciliation and matching
Matching rules that clear routine reconciling items automatically and flag the exceptions that need a person to look at them.
Reconciliation sign-off and review chains
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.
Audit trail and evidence retention
Every reconciliation, adjustment, and approval logged with a timestamp and the supporting evidence attached, ready for your auditors to review.
GL and ERP integration
Data pulled directly from your general ledger and ERP system, so reconciliations start from live balances instead of an exported spreadsheet.
Variance analysis and flux reporting
Period-over-period variance flagged automatically, so review time goes to the numbers that actually moved, not the full trial balance.
How we work
From close mapping to live software
- Phase 101
Discovery and close-process mapping
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.
- Phase 202
Data architecture and integration design
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.
- Phase 303
Build in reviewable increments
You review working software at each milestone. Checklists, reconciliation matching, and sign-off workflows are built and tested incrementally.
- Phase 404
Testing and rollout
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
Why finance teams choose RaftLabs
- 01
The team that scopes builds
The engineers who map your close process also build the reconciliation engine. No handoff after the contract is signed.
- 02
Fixed price before development starts
We scope the work, calculate the cost, and lock it in writing before any development starts.
- 03
Founded 2015
A track record building financial systems that need audit trails, sign-off chains, and reconciliation logic built in from the start.
- 04
You own the source code
No vendor lock-in after delivery. The codebase, and everything built into it, is yours.
Work with us
Have a financial close software project?
Tell us how your close runs today, and where the manual work sits. We'll scope a fixed-cost build.
- Scope and cost agreed before work starts. No surprises. No obligation.
- Working prototype within 3 weeks of kickoff.
- Pay by milestone. You see progress before each invoice.
- 60-day post-launch warranty. Bug fixes, UI tweaks, and deployment support. No retainer.
- All conversations are NDA-protected.
Common questions
Financial 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.
Cost follows scope: a single-purpose close and reconciliation tool is a different build from a full platform with task management, reconciliation workflows, and an audit trail. We scope a fixed cost after discovery and lock it in writing before development starts.
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.
Yes. We model each entity with its own chart of accounts, close calendar, and preparer assignments, then consolidate with currency translation and intercompany eliminations. Local controllers close on their own schedule while group finance sees a single roll-up with drill-down to the entity that is behind.
Preparers, reviewers, and approvers are separate roles, and the system blocks anyone from approving their own reconciliation. Every action is timestamped in an immutable audit log that maps to your control matrix, so external auditors can trace a balance from the financial statements back to the source transaction.
Cash collected is not revenue. ASC 606 amortization, mid-cycle upgrades, prorations, overages, and refunds turn into manual spreadsheets when the system only syncs at the account level. Transaction-level matching is the technical question to settle: can the system match at the volume your close runs, or does it only track account balances?
Run three checks. The discrepancy test: if chasing discrepancies back into the ERP costs real time each month, the current tool has stopped fitting. The persona check: the controller wants a shorter close, the CFO wants audit readiness. The audit question: can external auditors trace a balance from the financial statements back to the source transaction?
Yes. We run the new system in parallel with your existing process for one to two close cycles, comparing outputs before you switch over. Most teams start with one high-pain area, usually balance sheet reconciliations, and expand once controllers trust the numbers.