Close-to-Disclose Top Performers: Reduced Cycle Times Increase Total Cost Savings



Classic Content

According to APQC’s Open Standards Benchmarking in general accounting and reporting, the better performance in cycle time for the close-to-disclose process, the lower the total cost to perform financial reporting per $1,000 in revenue. Both quarterly and annual cycle time close-to-disclose top-performing organizations are able to report on their financial performance at a lower total cost than organizations that need a longer cycle time to close and disclose their books.


Comments (0)

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <i> <b> <u> <p>
  • Lines and paragraphs break automatically.

More information about formatting options