The importance of closing the books quickly and accurately is no secret to finance professionals. A fast close and quality information support smart, timely business decisions. Stakeholders from creditors to investors see time to close as an indicator of financial health. And today’s dynamic regulatory environment means a quality close is as critical as ever.
But while shortening the close cycle has long been a focus, it’s an elusive goal, and cycles typically are getting longer. So how are some best-performing companies actually accelerating closing processes?
Research from Deloitte finds that with technology from SAP, companies like yours can:
- Manage accounting and closing cycles
- Provide simplified access to relevant financial information
- Streamline and transform business processes with Big Data, powerful analytics, and mobile and cloud technology
- Support business users in seizing new opportunities, cutting costs, maximizing profits, and closing the books faster
Find out more in the Deloitte white paper, “Five signs that your financial close process may be broken (And what you can do about It).” Download the paper now to explore financial close challenges and learn how SAP solutions can help you improve financial and accounting processes.
You can learn more about improving financial and accounting processes with these additional resources:
Five Signs That Your Financial Close Process May Be Broken (And What You Can Do About It)
Read this Deloitte white paper for some fresh insights on a topic that’s long been on your radar.
Benchmarking Tool: Gauge Your Performance
Sample this benchmarking tool that lets you assess closing processes based on a range of criteria, including audit costs as a percentage of revenue and finance personnel as a percentage of total finance cost.
Infographic: Improve Processes for a Faster Close
View this enlightening infographic about how integrating, streamlining, and automating processes can help speed and improve the financial close cycle.
E-book: Close to Disclose
Delve into the end-to-end interconnections and complexities of accounting and finance processes in this e-book, “Close to Disclose.”