Advice and Information for Finance Professionals

Learn How to Modernize the Financial Close

Nigel Youell
Senior Director

Every month, it’s a rush job.

The financial close often requires hundreds—even thousands—of tasks, executed by scores of people working across the business. Then, there’s the double-checking and rework, with the potential for mistakes growing every time someone touches the data.

Sound familiar?

In my work with companies large and small, I often see fragmented processes with manual interventions and disconnected spreadsheets. There is often a lack of clarity as to which are the latest numbers and little to no governance nor audit trails. And consolidated calculations are complex, making it a challenge to ensure there are no errors.

Financial Close Best Practices

In this age of real-time data and connected enterprises, the situation seems almost absurd.

The good news is, there are tools and best practices available to automate and manage the entire close process, end-to-end—delivering a financial close that:

  • Reduces the cycle times of individual close tasks
  • Adds visibility and predictability to close processes
  • Ensures trust and reliability that the numbers are complete and accurate
  • Increases collaboration
  • Improves the consistency and quality of the financial close

On Friday, March 24, I’ll be hosting a webcast with a leading global hospitality and investment company. They will share why and how they implemented a financial close solution in the cloud. The project took less than 2 months to complete and improved the organization's overall time to close.

Register for the webinar to learn how you can achieve:

  • Faster reporting and analytics
  • Improved visibility and control
  • Seamless data integrations
  • Finance and accounting teams owning and operating the cloud solutions

Attendance at this webinar will also count as one free CPE credit, so please join us.

Register now for this online event.

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Comments ( 2 )
  • Krish Govender Monday, March 20, 2017
    Please add me to the posts. I find the content very interesting and believe we must know value of Oracle to the people in business today.
  • Lynne Sampson Monday, March 20, 2017
    Hello Krish, Thank you for your interest. You can subscribe to the blog by clicking the "Subscribe to Email Updates" button just below the main banner, and entering your email address. We hope you continue to find the articles useful.
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