Reducing Manual Effort in the Financial Close and Reporting Cycle Guide

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Reducing Manual Effort in the Financial Close and Reporting Cycle Guide

This guide explores the common root causes of manual effort in the financial close and reporting cycle, discusses financial reporting and spreadsheets, shares statistics on spreadsheet risk, and provides a perspective on approaching the challenge of reducing manual effort. It lists the key indicators of improvement opportunity and practices that leading companies are using to address the challenges along with questions to consider when looking to improve this process.

Detailed insight with examples and sample deliverables is presented on the common quick win of reduction in spreadsheets and time, manual journal entry analysis, the hidden risk of accruals, data collection templates, deep dive results, and reporting strategy.

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