Month-end reporting demands both speed and accuracy, yet manual processes, rigid ERP tools, and spreadsheet reliance often slow finance teams and introduce errors. Best practices include setting clear goals, standardizing and documenting close processes, and prioritizing tasks by materiality. Automation is critical, with live links to ERP data reducing manual entry, ensuring real-time accuracy, and enabling faster reconciliations. Purpose-built reporting tools empower finance teams to create reports and dashboards without IT support, cutting close times dramatically. Companies using these solutions report greater agility, fewer errors, and improved stakeholder confidence in financial results.

Join for free to read