Buyer’s Guide
How to Know You’re Ready to Buy Month-End Close Software?
If you’ve heard of month-end automation, you’re probably familiar with its time-saving benefits, like the ability to eliminate 90% of manual month-end tasks.
Sounds great, right? But how do you know when the time is right to start the process of searching for the right tool? In this checklist, we’ll explore the key indicators that signal your team’s readiness for automated month-end closing tools.
The Essential Guide to Purchasing a Month-End Close Solution.
So you and your team are ready to automate month-end close… It’s finally time to do away with all the spreadsheets, all the Excel checklists, all the emails, pings, and the endless coordination both online and offline to get through the process each month.
By introducing modern tools into this process, you’ll enjoy benefits such as real-time status updates, on-demand reporting, digital sign-offs, system integration, central repository and audit trail. There is a lot to think about when it comes to purchasing a month-end close solution.
How do you take the first step? Just relax. The Buyer’s Guide will make your vendor and software evaluation journey as smooth as possible. It will guide you through all the necessary factors to consider in selecting and adopting a month-end close automation platform so that you’ll look like a pro even though it may be your first time going through the process.
Questions to Ask During Vendor Evaluation.
More and more companies are choosing to automate month-end close. Traditionally, the close process is laden with manual work – checking off closing tasks, reconciling hundreds of balance sheet accounts, performing flux and variance analysis, and recording journal entries.
By enabling technology, finance leadership can streamline and optimize the close process, which leads to increased accuracy, reduced risk, and improved operational efficiency.
However, finding the best month-end close solution for your team can be tricky and requires careful consideration and strategic evaluation. With a plethora of options available, which offering is most aligned with your unique needs and your team’s culture?
