CFOs are looking for ways to close their books faster. Completing the accounting cycle quickly and accurately is a good indicator of efficiency in a finance organization. In most organizations, though, a complex set of issues impedes achieving a fast, errorless close. Ventana Research investigated how organizations close their books, what obstructs the process and how financial executives can move toward a fast, clean close.
The benchmark research assessed the current state of the closing process, the progress companies have made in shortening the process, the challenges they face in accelerating their close and the things companies have done that have a real impact on the time it takes to close and successfully shorten their cycle.