Every month, it’s a rush job.
The financial close often requires hundreds—even thousands—of tasks, executed by scores of people working across the business. Then, there’s the double-checking and rework, with the potential for mistakes growing every time someone touches the data.
In my work with companies large and small, I often see fragmented processes with manual interventions and disconnected spreadsheets. There is often a lack of clarity as to which are the latest numbers and little to no governance nor audit trails. And consolidated calculations are complex, making it a challenge to ensure there are no errors.
Financial Close Best Practices
In this age of real-time data and connected enterprises, the situation seems almost absurd.
The good news is, there are tools and best practices available to automate and manage the entire close process, end-to-end—delivering a financial close that:
- Reduces the cycle times of individual close tasks
- Adds visibility and predictability to close processes
- Ensures trust and reliability that the numbers are complete and accurate
- Increases collaboration
- Improves the consistency and quality of the financial close
On Friday, March 24, I’ll be hosting a webcast with a leading global hospitality and investment company. They will share why and how they implemented a financial close solution in the cloud. The project took less than 2 months to complete and improved the organization’s overall time to close.
Register for the webinar to learn how you can achieve:
- Faster reporting and analytics
- Improved visibility and control
- Seamless data integrations
- Finance and accounting teams owning and operating the cloud solutions
Attendance at this webinar will also count as one free CPE credit, so please join us.
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