Month End Close

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 month end close. 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.

Strategy

Enabling the Finance Team to support the business in achieving its goals.

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Reports

Providing the visually compelling reports needed to make productive decisions.

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Analysis

Enabling the Finance Team to easily see trends and patterns and act on them.

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Month End Close

Increasing value added activity by providing a quick and efficient month end close.

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Working with Spitfire Analytics has resulted in the Finance Team becoming an integral part of the business. We are now able to provide analysis and strategic advice on the future direction of the business, rather than spending our time poring over endless spreadsheets.


- Lee Boyle, Finance Director – Engineering, NG Bailey

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