In a heavily manual organization, just a readiness assessment can be daunting. Organizations may start considering how cloud technology can help enable employees to work from any location. Technology gives organizations workflows, collaboration and communication tools that can help ensure a seamless financial close process, regardless of location. – Cheryl Levesque, DHG
When accountants are interspersed across multiple different locations, the likelihood that their close will be completed timely and accurately significantly decreases. Primarily, this is due to the tools used to complete the process. While spreadsheets are the most used means to complete the close process, they provide very little visibility and communication into the close cycle. Accounting teams need a solution that is flexible enough to accommodate their changing set of circumstances— a solution that allows CFOs and Controllers to track what their accountants are working on, what the completion status of those tasks are, and have access to documentation and commentary during the entire close cycle.
During this webinar, Trintech and Dixon Hughes Goodman will discuss:
- The challenges organizations face when working remotely
- Preparing and executing a virtual close
- How Cadency not only allows accountants to work together in a standardized, organized procedure, but also grants CFOs and Controllers the control and visibility into the close process through simple dashboards
- Best practice examples of companies who have achieved this