4 Costs of a Manual Close for Enterprises

Tip Sheet

Enterprise organizations pay more in manual financial close costs than they think.

Finance and accounting teams are often so conditioned to operate in a manual financial close process that they often don’t remember there are more efficient ways of completing the Record to Report. Accounting teams that take advantage of automated processes and technologies experience more impactful ROI for the entire organization.

However, when it comes to investing in digital transformation projects, organizations tend to weigh the resource cost that these initiatives require more than anything else.

What about the inevitable opportunity costs that occur when financial transformation initiatives are delayed?

Explore this tip sheet to discover the costs of a manual close, and what accountants could be providing for the organization.