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Faster Year End Close

Published By: Prophix
Published:  May 31, 2016
Length:  15 pages

Why is faster closing important? A faster close is a good indication of how well a company’s financial systems and procedures are performing. In today’s competitive market, the accounting function needs to improve existing processes and, at times, infrastructure to achieve greater efficiency and accuracy. When properly implemented, sound financial processes will improve information and deliver accurate data to decision makers throughout the entire year, and early enough to take corrective action.

Tagsbest practices, competitive advantage, efficiency, productivity