Episode Description

A key responsibility for anyone in the finance function is closing  the company books on a monthly, quarterly and yearly basis. And although to a layperson that may seem like a straightforward process, anyone with an accounting or finance background knows it’s anything but.

Filled with multiple stakeholders and dependencies, the financial  close can be a complicated process for even a small organization. But  that complexity can increase algorithmically with the size of the  organization.

In this episode of the Financial Executive Podcast featuring Nancy Wu at SkyStem, Nancy speaks about the increased use of automation in the financial  close and how recent events, like the move to remote working during the COVID-19 pandemic, may have accelerated an already rapidly changing financial close process.