Eliminate Financial Close Bottlenecks with Automation
The financial close process is typically made up of a repeatable series of activities, performed in a specific sequence, by specific people, and by specific due dates. It sounds straightforward, but for some organizations, this process becomes chaotic due to late adjustments, confusing email chains, approval, and lack of document standardization.
5 Bottlenecks That Impact The Financial Close
Bottleneck #1: Rework
Bottleneck #2: Continuous Interruptions
Bottleneck #3: Lack of Standardization and Consistency
Bottleneck #4: Performing Unnecessary Activities
Bottleneck #5: Exception Management
In this eBook, we’ll get to the root of a few of the most common financial close bottlenecks and discuss how to mitigate process hiccups to increase productivity.