financial close transformation
3 results
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Why CFOs Need Record to Report Agility to Be Ready for the Future
CFOs must prioritize agility in financial operations to swiftly adapt to changes from M&A activities, global expansion, and compliance demands, leveraging automation and AI through integrated platforms like Trintech’s Cadency with SAP for enhanced decision-making and operational efficiency.
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The State of Automation in the Financial Close Process
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.
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Elevated Need for Financial Close Transformation Across Mid-Market Organizations
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…
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