Exploring ways to drive shorten cycles
Despite widespread agreement that shortening the monthly and quarterly close is important, over the past decade our research has found no progress toward achieving this objective. Perhaps one reason is the available technology, which some companies have found too expensive, too cumbersome and too inflexible for their needs. Although the finance and accounting organization may own the software, it needs IT resources to modify and update it.
In this Viewpoint, Robert Kugel, SVP & Research Director at Ventana Research, explores the challenges organizations face when trying to accelerate their close, and how to fix it. Download the Viewpoint now!