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Managing the close process
Green Room podcast episode
Many finance organizations are still plagued by slow, inefficient financial closing, consolidation, and reporting (CCR) processes. What new approaches can help finance meet reporting obligations effectively while providing more accurate, timely information for data-driven decision making?
Diving deeper into the CCR process
The Controllership Perspectives Dbriefs, “Improving financial close, consolidation, and reporting processes: Time to revisit old foes,” held on June 1, 2017, featured discussions on financial closing and new approaches that help organizations meet reporting obligations effectively. In this follow up discussion, Chris Brown, senior director of global controlling operations at Nike, Inc., further delves into the close process and provides valuable insights into how organizations can create a more efficient close process with more accurate and timely information.
Managing the close process
Listen to the episode
Attendees of the live webcast on June 1, 2017, responded to the following poll questions.
How many days does it take for your organization to close the books and produce external and management reporting?
What do you see as the “greatest” challenge and/or pain point in your CCR process?
What common levers has your organization utilized to improve the close, consolidate, and reporting process?
What leading levers have you used to improve the CCR process in your organization?
How would you describe your organization’s use of robotic process automation (RPA) in its financial close process?
The statements in this report reflect the aggregation of poll responses and are not intended to reflect facts or opinions of any entities. All data, charts and statistics referenced and presented, as well as the representations made and opinions expressed, unless specifically described otherwise, pertain only to the participants and their responses to the Deloitte poll. The information obtained during the poll was taken "as is" and was not validated or confirmed by Deloitte.
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