Many finance and accounting teams struggle while operating in a virtual close environment, especially in times of crisis.
The need for accurate, real-time information, visibility into financial processes and high productivity doesn’t disappear when completing close processes remotely. In fact, the demand for these items significantly increases.
The root cause of many virtual work issues can be traced back to the tools organizations utilize for their financial processes. During a virtual close, everything must be executed remotely with potential legacy processes— practices that don’t lend themselves to dispersed workforces.
As discussed during a recent Trintech webinar focused on working remotely, here are the challenges of performing a virtual close and how financial automation helps solve them.