A Finance Director’s Guide to Period Close for High-Growth Companies

For many businesses, closing the books at the end of a financial period remains a time-consuming, cumbersome, and stressful process that can require late nights for staff and continual checking and re-checking of information. In fast-growing companies, the process can be even more of a challenge. Fortunately, an integrated ERP solution can enable companies–even rapidly growing ones–to consistently achieve fast period closes. This is because all teams, functions, and geographic locations within the business access the same general ledger, a ‘single version of the truth’ when it comes to data on inventory, payroll, sales orders, customers, and so on. A proper ERP can also ensure data integrity, consistency, the following of standard process, and the elimination of many time-consuming and error-prone journal entries and reconciliations through automation. Learn more about what ERP can do for your organization when it comes to financial closes by downloading this whitepaper.

 

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