How to Ace Financial Close Through Automation

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Understanding the current state of Record to Report performance and what the future looks like

Organizations across the globe are prioritizing the shift to smarter ways of working across critical business services. Many of these improvements can be focused on finance processes, given their significance in supporting enterprise operations.

An exclusive survey was run by SSON in Q2 of 2021 to determine how the shared services model is expanding to support the increasingly digital performance requirements of the future. SSON’s resulting survey data confirmed that R2R is still lagging behind other processes in terms of adopting state-of-the art solutions to improve end-to-end performance.

Fortunately, the tools and solutions for improving performance already exist. What’s required is acknowledging the opportunity and taking the initiative.

There is a significant opportunity and ROI that can be achieved by incorporating process automation across your financial close. The great benefit of financial close automation is that it allows you to increase your efficiency and effectiveness while simultaneously reducing your cost and risk.”

David Woodall, Trintech – ‘Why shared services are so effective in driving automation across the financial close’ (interview on page 9)

Download this SSON report to learn more about the potential to leverage end-to-end performance across Record to Report by improving the financial close and reporting processes through identification of critical gaps and opportunities for improvement.