One of the most common things we hear when we speak to companies about improving their financial close process through automation is “Ah but I have an ERP system”. It’s true that ERP goes a long way towards helping manage some of the closing process, however, there is still a great deal that is taken outside of this and manage manually. So, what can be done to address this, reduce manual effort, and ensure standardization of processes and integrity of financial data?
This insights piece examines the main areas and causes of “white space” outside a company’s ERP and how technology can help to bridge these gaps. To start, let’s look at some of the key challenges..
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