Project Financial Close Orchestration | Dayos | AI for Business

CHALLENGE

Project-based organizations face complex close cycles that involve reconciling costs, revenue, and billing data across multiple financial systems. Manual reconciliations lead to delayed closes, frequent restatements, and limited visibility into project margins and performance.

Lengthy Close Cycles
Typical project close often exceeds a week.
Manual Reconciliations
Consume the majority of closing time.
Revenue Restatements
Affect many projects annually.

SOLUTION

Hero automates project financial close by validating cost completeness, reconciling WIP to GL balances, and coordinating inter-project allocations. Within Dayos, it orchestrates the flow between cost accounting, revenue recognition, and billing processes to ensure timely, error-free closings.

Automated Cost Validation
Ensures all labor, materials, and subcontractor costs are captured before close.
Percentage-of-Completion Calculation
Applies approved revenue recognition methods automatically.
Cross-Ledger Reconciliation
Aligns project subledger balances with the general ledger in real time.
Variance & Margin Analytics
Generates insights into performance deviations and margin erosion.

RESULT

Hero streamlines financial close by coordinating workflows and eliminating reconciliation backlogs. Finance and project management teams gain faster visibility, improved accuracy, and stronger control over profitability reporting.

Reduces project close cycles significantly.
Eliminates most revenue recognition errors.
Saves substantial manual reconciliation effort each month.