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.