How to Ace Financial Close Through Automation

The trend over the past decade has been towards ’smarter’ ways of working across critical business services. Many of these improvements have focused on finance processes, given their significance in supporting enterprise operations. Nevertheless, lucrative opportunities remain.

This report, based on an exclusive SSON survey, focuses on the potential to leverage end-to-end performance across Record to Report by improving the financial close and reporting processes. It spotlights critical gaps and showcases opportunities for improvement.

R2R has the potential to add huge value beyond the integrity of the balance sheet and critical period-end numbers. With the process still largely characterized by manual and repetitive tasks, survey data shows R2R is still lagging in the adoption of state-of-the-art solutions that improve performance.

This report helps R2R executives seize the right opportunities along the journey to world class.