Recent studies have identified that the top challenges the Office of Finance is facing today are primarily due to organizations’ reliance on ineffective, spreadsheet-based, manual processes. Trintech has found that organizations can increase their accuracy with the right automated financial close solution while reducing time spent on the close process by up to 50%.
Realizing the significant ROI of automation, many organizations have already started taking steps to automate areas of finance like O2C (Order to Cash) and P2P (Procure to Pay).
Download this Accountants Guide to learn more about the state of financial close automation and explore how standardizing and automating the financial close process can free up time for finance and accounting teams to focus on providing higher-value work like data-driven analysis and insights to help business stakeholders drive critical business decisions.
This guide from CFO Dive and Trintech will discuss:
1. Common challenges in using spreadsheet-based manual processes to conduct the financial close
2. The significant ROI your organization can achieve by automating your financial close process
3. Steps to take to move from a manual process to an automated solution