What’s the connection between a cloud ERP and closing speed?
Closing out the record-to-report process quickly and accurately isn’t an easy task. As complexities from different business units, systems, and geographies add up, the challenge increases.
Mid-market companies occupy an interesting spot: they can be larger and more complex than their smaller counterparts but often have fewer resources to address that complexity than larger companies.
Thankfully, size isn’t all that matters in this equation. By looking at high-performing companies, regardless of size, while also taking into account which elements can be realistically changed, mid-market companies can learn lessons from peers of all sizes to improve their own approaches to the financial close process.
The speed of financial closing impacts more than finance, and according to a new Aberdeen Research report, companies that close faster have a few key commonalities.
In this report, Aberdeen compares small, mid-market, and larger firms’ approach to financial closing – highlighting what top performers share:
- Centralizing data aids efficiency and accuracy.
- Integration eliminates obstacles.
- Balancing speed and accuracy is key.
Get your free copy of the report and see how that could move your company forward faster.
