financial close transformation

2 results

  1. The State of Automation in the Financial Close Process

    Reading time: 4 mins

    A preliminary SAPinsider study highlights the urgent need for companies to automate financial close processes due to inefficiencies caused by disparate systems, with over half of financial teams planning further automation, while the current average closing time remains at eight days.

  2. finance automation

    Elevated Need for Financial Close Transformation Across Mid-Market Organizations

    Reading time: 2 mins

    Mid-market organizations recognize the need to transform their financial close processes to improve financial closing efficiency. Findings from SAPinsider’s Financial Close Transformation benchmark report show that 76% of mid-market survey respondents still heavily rely on manual methods and legacy tools during the closing cycle, resulting in financial close inefficiencies. It helps explain why automation is…