Cycle Time to Perform the Monthly Close

Published On:

June 29, 2023

Authored By:

APQC

Members-Only Content:

In this article, APQC reviews cross-industry data on the cycle time to perform the monthly close and highlights some strategies for a faster close. When fewer days are devoted to the month-end close, more days can be spent providing finance expertise to organizational initiatives and decisions. By getting a grip on data quality, troubleshooting process glitches, and working ahead, finance teams can save time and put it to good use on higher-value projects.

Type:

Articles

Topics:

Finance and Accounting, General Accounting and Reporting

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