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.