Close faster; know sooner
Our expertise comes from our research that is not found anywhere else in the industry. It can help you make consolidation and close management impactful to your organization. Consider these insights as you look to assess and improve your consolidate and close management efforts.
Consolidate and close management utilizes technology to complete the full accounting cycle including reconciliations, statutory consolidation, and regulatory reporting.
71% of companies that use substantial automation complete their close in 6 days or less, compared to 43% that use some and 23% that use little or none.
Companies must apply continuous improvement techniques to identify issues with closing and reporting, and quickly address their root cause.