Real-Time AP Insights: 3 Steps to Close Your Books with Speed and Confidence

Few accounting tasks are as important as the financial close.

A slow or inaccurate financial close can:

• Waste employee time
• Stand in the way of a company’s growth
• Damage a company’s reputation
• Negatively impact deliveries
• Make it hard to navigate an economic recession

Despite the importance of the financial close, most businesses rely on an antiquated close process.

As a result, closing the books at month’s end or year’s end takes too long, consumes too much time, creates too many errors, provides inadequate visibility, and frustrates senior management.

IOFM’s latest white paper shows how to close the books with speed and confidence.

This white paper details the critical importance of the month’s end and year’s end close to a business, the shortcomings of traditional approaches to the close, and three ways that AI-powered accounting technology enables businesses across industries to close the books with greater speed and confidence.

If your financial close is taking too long, this white paper is for you.