Month-end close processes are some of the most critical but most dreaded processes within a company.

• Managers, executives, and investors rely on the reports to understand profitability and the results of their strategic efforts.
• Sales teams rely on monthly commission statements.
• Vital operations rely on invoices being paid and taxes being submitted on time to avoid hefty fines and other unpleasant consequences.

The challenge is that behind the scenes, hundreds of small processes are happening, and they are all lumped into the simple phrase “month-end close,” and this process can take 6+ days to complete each month. The best solutions for this challenge focus on process improvement and automation to complement the people involved in the process.

With a few simple automation tools, you can:

• Begin automating the most mundane and repetitive tasks typically done in spreadsheets (allocations, calculating depreciation, or posting manual journal entries to the GL)
• Streamline the process from requiring days/weeks to just minutes/hours without errors
• Boost your team’s confidence that everything is accurate

Watch the video above to see examples of how we’ve reduced month-end close processes from weeks to hours. We’ll show specific cases of processes that once took many hours and how we’ve automated them to run on-demand. You’ll see complex third-party data retrieval, reconciliations, journal entries, and report/dashboards turned into simple button clicks.

If your organization wishes the month-end close were better, faster, or easier, contact us at info@capitalizeconsulting.com to see what automation can do for you!