Reduce Closing Time – Month End
Time is money, and the longer it takes to close your books, the more resources are wasted. This process identifies bottlenecks, manual processes, and inefficiencies in your financial closing cycle, giving you a clear understanding of how to shorten the closing time and increase accuracy.
Why It Matters
Delayed financial closing cycles hurt decision-making, tax planning, and forecasting. By identifying and addressing inefficiencies in your month-end or year-end closing, you gain better control over your financial reporting and insights.
What This Process is:
A detailed review of your current closing cycle, evaluating:
1
Manual processes and inefficiencies
2
Gaps in your financial systems or tools
3
Task ownership and delegation during closing periods
4
Cross-departmental communication and handoff points during closing
What We Need from You
To get started, we’ll ask for:
- Access to monthly or quarterly closing reports
- Overview of your current closing process and workflows
- Identification of key bottlenecks or issues
- Current financial tools or software used during the closing period
What You’ll Walk Away With
- An understanding of where your financial closing process slows down
- Identification of bottlenecks and manual processes
- A list of immediate actions to speed up your closing cycle
- A guide for Phase 2: Business Growth Playbook
Your Deliverables May Include
- Financial Closing Process Map
- Bottleneck Identification Report
- Task Ownership and Delegation Breakdown
- Path to Phase 2: Business Growth Playbook