What can CFOs do in under 3 months to accelerate the financial close?
FSN’s newly released research confirms that on average, 74% finance functions have less than 3 months a year, in which to make a change to their financial reporting process, let alone a full transformation.
So the obvious question is, what ‘quick wins’ can be introduced to make a real difference in less than three months? and how can organizations accelerate their financial close?
To help answer this question Gary Simon draws on his experiences from his best selling book, “Fast Close to the MAX”, to draw out deeply practical and manageable tips for accelerating the close process. It’s based on his 25 years’ experience of implementing group reporting solutions in mid to large scale enterprises. He is joined by David Woodall, a popular and knowledgeable speaker for FSN, formerly Director, R2R & Transformation at GSK and now a Director of Trintech.
Together they explore, commonly occurring obstacles that get in the way of every monthly close and provide practical tips that you can consider right away to help you fix them.
Video Series: How to drive automation of the financial close
This video forms part of a wider video series which has been aired over the last few months. FSN’s Gary Simon has been carrying out a series of interviews with inspiring finance leaders, kindly commissioned by Trintech, exploring how finance can drive automation, especially around the close. You can catch up on any videos you may have missed following the links below.
How can CFOs make a better case for investment in the financial close?
Managing risk and automation in the close process
Are you missing out on financial close automation?
How can CFOs successfully automate the financial close process