Speaking Session Details
How COVID-19 Accelerated the Path towards Financial Close Automation
2020 was a defining year for the Office of the CFO as they broke out of the compliance box and returned to their role as an essential strategic leader of the organization – one relied upon to shape critical business decisions when COVID-19 impacted businesses of all sizes. As companies transitioned to remote operations, organizations that relied heavily on manual processes for their financial close found it difficult to continue to do their jobs at the same level – let alone deliver on the new expectations required of them to provide timely, critical business insights to guide important decisions.
Trintech conducted a global survey of 486 financial professionals across 430 organizations in the first half of 2021 to evaluate which parts of the financial close process have been automated, which are in the process of being automated and where finance and accounting (F&A) teams are looking to adopt automation in the future.
During this session, Trintech discusses:
- The biggest challenges organizations are facing in the financial close process
- The maturity of automation today in the Office of the CFO
- Key areas to improve in your financial close process to see valuable ROI