Close in fewer days, without cutting corners.
APQC's benchmark puts the median monthly close at 6.4 days and the top quarter at 4.8. The days usually go on reconciliations, intercompany and waiting for other teams. QServices automates the preparation, matching and chasing inside your ERP, and leaves the review and sign-off with your accountants.
Bank feeds imported, receipts and payments matched, unapplied cash cleared.
AR, AP and inventory tied to the GL; accruals posted.
Both sides compared; differences listed with likely causes.
Balance sheet reconciliations prepared with support; accountants review and sign.
Variance commentary drafted; controller signs the close.
Tasks assigned, chased and logged until signed off.
| Step | Why it's slow | What helps |
|---|---|---|
| Bank reconciliation | Lump sums and unmatched lines | Matching rules plus Copilot for leftovers; agents for remittances |
| Waiting on other teams | The top blocker in surveys | An automated checklist that chases owners |
| Intercompany | The two sides never agree | Monthly matching, not quarterly |
| Spreadsheet reconciliations | Manual tie-outs and version control | Prepared in the ERP with support attached |
| Chart of accounts | Inconsistent coding | APQC links a standard chart to about 2 days faster |
| Close software | Automate on your ERP | |
|---|---|---|
| Examples | BlackLine (about $77K a year, analyst estimate), FloQast (median about $24.5K a year) | Business Central and Dynamics features, Power Automate, agents |
| Fits | Many entities, heavy reconciliation volume | One to a few entities on a mid-market ERP |
| Second system | Yes | No |
Pricing from ERP Research and Vendr marketplace data, labelled as estimates.
Yes, with preparation: matching bank lines, preparing reconciliations with support, matching intercompany and drafting variance commentary. Review, judgment and sign-off stay with people.
Clear unapplied cash before cut-off, automate bank matching, chase the checklist automatically, reconcile intercompany monthly and standardise the chart of accounts.
Use one shared transaction ID, match both sides every month, agree a rule for who books corrections, and eliminate in consolidation. Old unreconciled balances only get harder.
With many entities and heavy reconciliation volume, close software can pay back. For one to a few entities on a mid-market ERP, automating inside the ERP avoids a second system.
Estimates put BlackLine at around $77,000 a year and FloQast at a median of about $24,500, varying by users and modules.
Yes: account, period, GL balance, supporting balance, difference, explanation, preparer, reviewer and dates. We'll publish ours on the blog.
Facts on this page checked on 22 October 2026.
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