Cimplico Workpapers provides a cloud-based tool designed to streamline the preparation, review, and approval of compliance workpapers. Below is an overview of the platform’s key features, each offering powerful functionality to improve efficiency, control, and visibility.

1. Cloud-Based Platform

Cimplico Workpapers allows users to securely access workpapers from anywhere, providing flexibility for remote teams and enhancing collaboration. The cloud-based structure ensures continuous access and updates across the firm.

2. Trial Balance and Worksheets

Automatically generate worksheets from the trial balance, with features like in-built calculations and reconciling entries. The worksheet quickview panel allows users to manage internal comments, checklists, and reviewing directly from the trial balance without navigating to the worksheet. Reconcile accounts from a dedicated worksheet screen for proper control and consideration by preparers.

3. File Management

Manage files across workpapers and entities with an intuitive file management system. Files can be stored hierarchically, referenced between entities, and previewed in-browser, while integration with document management systems like FYI keeps everything in sync.

4. Journals

Create and manage correcting journals directly within Cimplico Workpapers, whether you’re working on a worksheet or a workpaper. Draft journals can be viewed from the trial balance, allowing users to see what the adjusted trial balance will look like before the journal is posted. Once ready, only Reviewers or Approvers can post journals, with an option to Post & Review in one action.

5. Customisable Procedures and Checklists

Create custom procedures and checklists at the firm level to ensure compliance. Checklist items are specific to each worksheet, and templates can be updated and synced across workpapers, with full visibility into task completion.

6. Workpaper Dashboard and Insights

Gain firm-wide visibility over workpaper progress, with the ability to drill down into specific groups or entities. The dashboard provides a detailed breakdown of progress, blockers, and due dates, helping firms stay on track.

7. Collaboration and Communication

Generate internal comments and client queries within worksheets or at the workpaper level. Tag users for clarity, format text, and draft client queries, all within the platform’s built-in communication tools.

8. Role-Based Access Control

Cimplico Workpapers offers role-based access control, allowing firms to assign roles like preparer, reviewer, or approver to manage task permissions. This ensures that only authorised users can complete specific tasks.

9. Control Checks and Audit Trail

Automatic control checks prevent workpapers from being finalised until all tasks are complete. The platform’s audit trail logs every action for full transparency and accountability.

10. Advanced Search and Filtering

Cimplico Workpapers includes powerful search and filtering capabilities to quickly locate workpapers, worksheets, or specific entries. Users can apply filters based on entities, roles, or statuses to streamline the management of multiple engagements. The platform’s global search allows users to search for a group or entity and access their overview screens, with open workpapers also listed in the search results for easy navigation.

11. Automations and KPIs (Coming Soon)

Cimplico Workpapers will soon introduce automation for routine tasks like status updates, as well as KPI tracking and alerts, helping firms stay on top of key performance metrics and deadlines.