The Top Financial Close KPIs You Should Be Tracking

Audience Responses to Webcast Polling Questions

Tracking Financial Close KPIs is Essential to Measuring the Success of Your Office of Finance.

In today’s increasingly digital business landscape, everything is measurable. Businesses with a strong analytics program in place have a significant advantage over those that don’t. So, what are the key measurements we should be tracking in our financial close process and how can we ensure we deliver actionable intelligence that helps improve the efficiency, effectiveness, and integrity of the period-end close?

Financial Close KPIs You Should Be Tracking | Triangle graphic chart with four different layers in different colors. At the top a section is labeled Business Strategy, with question to the left saying: What are the ultimate goals of the business? Underneath is a section in teal labeled: Business Objectives, with the question to the left: How is the company going to deliver the strategy? Third is the Program Objectives, with the question to the left: How do we measure the programs to ensure we meet the business objectives? Last, at the bottom of the triangle is: Operational Metrics. The question to the left of it reads: What are the detailed, operational measures that deliver the KPIs?

Throughout the webinar, Trintech asked the webinar attendees these financial close questions:

  1. What do you see as the sustained impacts COVID-19 will have on your financial close process?
  2. What percentage of your KPIs fall in the operational category?
  3. How would you rate your company’s financial close process?

Download this infographic to see how attendees responded to these webinar polling questions.

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