Still Struggling with Close Processes?

by Erin McCune on August 3, 2008

in Accounting

Companies of all sizes – but especially large, multi-unit organizations that have grown through acquisition and have a spaghetti of accounting and finance systems – struggle to close their books in a timely manner each month, quarter, and year. Even those that do a good job each period, struggle to maintain control over the close process.

Deloitte_close_process

A recent publication from Deloitte offers practical advice for addressing close challenges:

Finance organizations that struggle to finish their close process are far more likely to
make serious mistakes. They may not have time for entity-level controls or analysis that could help the business manage risk and make decisions more effectively. This publication addresses these topics and includes useful sections on:

  • Identifying key challenges
  • Assessing the close process
  • Tackling problems
  • Learning from case studies and reviewing benefits

Download here.

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