Identify–Automate–Monitor
There is an old adage "What gets measured gets managed" – however, it is also true that if you are measuring the wrong things you will end up managing the wrong things.
In this Record to Report Insights piece we will identify what is meant by metrics, why they are important to the finance function, and what best-in-class companies are tracking to help them improve their Record to Report processes. In other words, making sure you are measuring and managing the right R2R information across your business.
Analysts recommend automation and a fully integrated solution that removes the white spaces and offers a single view of your close. Find out how you can leverage performance across Record to Report in this whitepaper.
"When considering the automation and unification of critical financial processes, such as account reconciliations, compliance and Financial Close, the whole is greater than the sum of its parts. These activities are highly dependent on each other and, when unified, create new insights and return on investment (ROI) savings."
[Gartner research report]