Even with a robust ERP like Microsoft in place, Controllers report spending nearly 70% of their time performing traditional tasks, such as closing the books or ensuring compliance with accounting standards. The opportunity to optimize your Microsoft ERP investment lies with implementing best practices by automating the Financial Close.
The case for automating the Financial Close for increased speed and accuracy is compelling. A 2022 Ventana Research study showed that 88% of companies that have automated most of the close process could finish within six business days, compared to 59% that have automated some parts and just 40% of organizations that have automated little or none of the process.
Watch to hear Adam Yarnell, Sales Engineering Manager from FloQast, and Pete Permito and Eilian Zanaj, both Accounting Managers at Susquehanna International Group, LLP (SIG), explain how over 1,600 companies have automated the Financial Close and implemented repeatable best practices to drive a more accurate and fast Close on a Microsoft ERP.
In this session you will learn how to:
- Reduce the CFO waiting game for accurate financial information to drive financial compliance, financial reporting, and planning. Leverage the Microsoft ecosystem ERP, Outlook, Teams, Excel, and OneDrive for a faster and more accurate Financial Close
- Provide real-time, centralized visibility in the Financial Close and across accounting operations for manage-by-exception and workload balancing
- Increased collaboration breaking down silos of people and information across remote, on-premise, and hybrid work models.
- Creating a centralized repository of documented evidence captured for the audit, financial and regulatory reporting.
Now more than ever, speed and accuracy in the Financial Close is a competitive advantage as organizations need to reconfigure the business at speed.
