SkyStem LLC, a leading provider of automated month-end close software partnered with IQPC, a global business to business event company to deliver their report "From Weeks to Days: Boarding the Mid-Market Financial Close Bullet Train." There is immense pressure on finance departments to close the books faster, provide forecasting insights, and at the same time, still take on strategic projects that solidify the finance function as a key business partner. The pandemic has forced them to explore new perspectives and habits around key business strategies and processes. Many companies are relying on automation and process engineering to predict the business value of a particular decision, increase compliance, save costs, and deliver faster turnaround of the financial close.
The standard of a best-in-class finance function is its ability to complete month-end close and produce accurate financials within days after month-end. With more responsibilities and fewer resources companies are already struggling to achieve this gold standard. Learn how process engineering and automation can improve the monthly close, while meeting the multi-faceted demands of the financial function at any organization. The report explores three process improvement paths to consider:
Automating low-value tasks without breaking the budget
Streamlining and automating internal controls to deliver greater acuity
Adopting and analyzing “sub metrics” for process improvement and analytical insight
To access the report: https://skystem.com/wp-content/uploads/2021/01/From-Weeks-to-Days-Boarding-the-Mid-Market-Financial-Close-Bullet-Train-SkyStem-IQPC-Report.pdf
IQPC provides business executives around the world with tailored practical conferences, large scale events, online events and webinars, keeping them up-to-date with industry trends, technological developments and the regulatory landscape. IQPC's large scale conferences are market leading “must attend” events for their respective industries. IQPC produces more than 1,500 events annually around the world, and continues to grow. Founded in 1973, IQPC now has offices in major cities across six continents including: Berlin, Dubai, London, New York, Singapore and Sydney. IQPC leverages a global research base of best practices to produce an unrivaled portfolio of conferences.
About SkyStem LLC
Headquartered in the heart of New York City, SkyStem delivers a powerful month-end close solution for organizations seeking to streamline their financial processes. The company’s flagship solution, ART, is an enterprise technology that helps CFOs and Controllers shorten the month-end close and the time to issue financials by automating balance sheet reconciliations, managing month-end tasks, performing flux and variance analysis, and providing insightful reporting. The web-based solution streamlines and eliminates up to 90% of manual activities while strengthening internal controls and corporate governance.