Thought Leadership

Accelerated Close:

The month-end close cycle for this $7.5B organization takes approximately seven to 10 days to close the ledger system, two days to load the general ledger (GL) information into their Management Reporting system, and another three to five days to analyze and report financial results. Compared to world-class organizations, it was apparent that the company had an opportunity to accelerate the cycle time and improve the finalization of month end data.
However, in order to do so, the company needed to improve the GL information load into the Management Reporting system for up to 25 groups while ensuring continued compliance with Sarbanes-Oxley and all accounting standards.