• It’s easy to take for granted all the technology advances of the past few decades. Today we hold face-to-face meetings with colleagues halfway around the world through our laptops. We know within a few clicks if a line of business is underperforming – and we can do something about it before it’s too late.

    We also make smarter M&A decisions because we can more accurately model the risks, valuation, and costs before final decisions are made. Yet for all the ways that technology has made our work lives easier, there’s one area that still lags: the financial close process. Despite the ubiquity

    Posted by on December 20, 2016
  • Steinway Musical Instruments is a global provider of artisan-made pianos and instruments. Growing up and learning to play the piano on a Steinway was every girl's dream. I loved it!

    Pianos, built by artisans who take pride and time to humanize a piano, still to this day made by hand, who strive for and achieve continuous innovation and improvement with their work. I never thought I would one day be working at a company where Steinway was a customer and I had the opportunity to meet with one of their top executives to discuss the innovation and improvements in his organization.  And I did

    Posted by on September 7, 2016
    Topics: EPM
  • What does the efficiency of your company’s financial close process say about the health of your company?  Some experts claim that having a long financial close process can be a symptom of other underlying problems.

    Why?  Because the month-end or quarter-end close depends on data produced from many other accounting processes and systems.  In fact, Robert Kugel, SVP and Research Director at Ventana Research, recently commented on this in an article titled “Accelerating the Close Can Fix Other Problems.”

    Back to My Roots

    The financial close process is one of my favorite topics in enterprise

    Posted by on July 19, 2016
  • Many businesses feel the burden of elongated period-end closing and reporting cycles.

    They are tedious and time-consuming, while distracting employees from other pressing tasks. Typically, as technology advances, businesses find more efficient methods of conquering the same tasks. Yet, puzzlingly, a benchmark research report entitled "Trends in Developing the Fast, Clean Close" discovered that businesses are spending more time on closing now than they were five years ago.

    Why Are Fast Closing Times Important?

    Fast closing times can benefit businesses by improving resource and labor

    Posted by on May 4, 2016
  • As your business brings its 2015 financial reporting to a close, you've likely identified a number of inefficiencies that could be improved in the coming year.

    A recent webinar entitled "A Leap Forward for Finance Leaders: How to Shorten Your Company's Financial Close and Reporting in 2016," provides excellent tips to organizations looking to streamline their closing and reporting process.

    In the webinar, a poll was conducted in which attendees were asked whether they closed their books in a timely manner. About 28.5 percent of respondents claimed they didn't close their books efficiently.

    Posted by on March 11, 2016
  • How’s the 2015 year-end closing going?  Many of you may still be in the throes of year-end close and reporting. 

    This can be a stressful process that goes on for weeks, even months, when you include the creation of year-end regulatory filings, year-end audits, and tax filings.  Trust me, I’ve felt your pain.

    But with the right tools and processes in place, the year-end close and reporting process can be less stressful and painful for the Finance team, maybe – dare I say it – even something you look forward to.  

    Watch the Webinar Replay

     Remembering the Good Old Days

    Posted by on January 19, 2016