Automating the Close

Let’s face it: Closing the books tends to be a low-tech process, regardless of the automation level in other parts of your financial process. For many — if not most — AP professionals, year-end close puts them at the mercy of spreadsheets.  Mind you, there is nothing wrong with spreadsheet checklists. IOFM’s month-end/year-end close spreadsheet tool is a popular and helpful option. But while spreadsheets are great tools for performing analysis, but they do not provide the granular data…