Fast close is not just for financial management teams
The motivations for fast close in the company are multiple. Of course, financial information is the main driver, but fast close serves as a foundation for agility, and information needs are necessary for operational decision-making.
For example, in the business development strategy, it will be useful to know the profitability of products or services, or to know the stock level to focus your promotions.
Legal or tax obligations change regularly, penalties apply if regulatory deadlines are not met. So, why limit yourselves to accounting employees for fast close and not include related services in order to guarantee risk-free management at the administrative and legal level?
Implementing fast close in the company by opening it up to broader categories will reduce latency in processing when departments are dependent on the tasks of others to close theirs.
Contact us to see how FinClose can help you orchestrate collaborative work and reporting.