Financial turbulence, an increasingly interdependent global business environment and increased regulation now present a very different reality for finance than in the past. While employee headcount remains the same, finance is now burdened with the prospect of greater penalties for errors or late filing as well as increased regulatory disclosure requirements throughout the close cycle.

There is simply no time and no way to continue as they have in the past with a manual extended close.

This white paper reviews the processes involved in a company’s extended financial close process, the problems associated with a manual effort, and the benefits of using an integrated and automated single-platform solution for financial close management (FCM).