Increasing value added activity by providing a quick and efficient month end close.
Financial close and consolidation are key tasks that the Finance Team undertakes; and in many cases they use manual spreadsheets for these tasks. As the business becomes more complex, so do the spreadsheets, until ultimately the spreadsheets just aren’t sufficiently robust. This results in the Finance Team spending far too long managing the month end close, using systems which are prone to errors.
Our consultancy alongside the implementation of IBM® Planning Analytics, powered by IBM TM1, enables the Finance Team to undertake an automated and swift month end close with accurate reporting. As the data is pulled directly from the Finance systems, there is a clear and detailed audit trail through to reported numbers, providing real stability to the process. This system also controls the integrity of the data, and automates the repetitive manual tasks.
If you would like to reduce the time taken on month end close, and have more certainty around the accuracy of the data, contact us now.