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Want Faster Financial Close? Get a Baseline on Your Current Processes, People and Technology

Tips from SAPinsider's annual Financials Conference

by Allison Martin

January 30, 2014

Faster financial close is that constant - and so often elusive - goal of Financials teams. At last year's SAPinsider Financials 2013 conference in Amsterdam, PwC's Giovanni Perone shared this rather stunning observation: 

Top performing finance teams take just 7 days to produce their forecasts, but typically this function can require as much as 19 days.

So how do you create a strategy for closing the books faster with your SAP systems?

In his session "A step-by-step guide to building a financial close process acceleration roadmap in SAP", Perone shared specific tips and measures for building a strategy to speed up financial close processes that is customized to fit the needs and requirements of your organization.  Topics covered include: 

  • Specific criteria to evaluate the current state of your financial close, from "sub-optimal" to "best practice"
  • Assessing people, organization and technology that drive your current financial close
  • SAP technology to help drive faster time-to-close 

You can download the entire presentation here, and view upcoming sessions planned for our Financials 2013 conference in Orlando this March.

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