Diagnosing unhealthy financial close process

Find out what are the symptoms and causes to look out for.

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About the ebook:

Financial close for many large organisations is a stressful and hectic process occurring every month. Speed and accuracy of closing is of big importance and in a way serves as an indication to the overall finance function efficiency. 

On average high-performer companies complete their monthly close in 3 days on business unit level and in 6 days on the group level. This ebook provides answers to what are the symptoms and causes of delayed monthly closing and potentially inaccurate financial reporting. The topics include:

  • Late reporting
  • Data inaccuracy
  • Inability to verify compliance
  • Out-of-control costs
  • Poor task management
  • Lack of system integration

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