Shorten Month End - Apply Lean Thinking to Your Month-End Closing Process
Thursday, October 19, 2017
Surveys show that the average North American company completes their monthly financial statement closing in five days. However, some companies are able to close their books in one day or less. Many financial managers who feel pressured to shorten financial statement preparation time struggle with the balance between accuracy and speed.
This webcast will focus on the key aspects of every close and provide participants with methods to prepare better quality financial information more cheaply and in less time.
*Gain insight into how to do a month-end closing faster, better and more cheaply
*Trends in financial statement closings including the Quick Close, Soft Close and Virtual Close
*Review and discuss information systems’ headaches that slow you down
*Work through examples of close cycle “time killers” and how to resolve them
*Get inventory and cost of sales under control
*Identify the improvement projects that will yield the biggest benefit
*Review what leading edge finance managers are doing to close more quickly