Companies of all sizes – but especially large, multi-unit organizations that have grown through acquisition and have a spaghetti of accounting and finance systems – struggle to close their books in a timely manner each month, quarter, and year. Even those that do a good job each period, struggle to maintain control over the close process.
A recent publication from Deloitte offers practical advice for addressing close challenges:
Finance organizations that struggle to finish their close process are far more likely to
make serious mistakes. They may not have time for entity-level controls or analysis that could help the business manage risk and make decisions more effectively. This publication addresses these topics and includes useful sections on:
- Identifying key challenges
- Assessing the close process
- Tackling problems
- Learning from case studies and reviewing benefits
Download here.
During her time at Glenbrook, Erin focused on client engagements in business payments, cross-border transactions, bill payment, and the intersection of corporate finance, banking, and ERP/accounting. She has nearly twenty years of experience leading increasingly complex payment initiatives for corporate clients and advising financial institutions and payment technologists on the development of their payment capabilities.
Erin is also the founder of Forte Financial, a consulting firm focused on corporate finance efficiency, technology, and process improvement. She is a past president of the Financial Women’s Association of San Francisco and also a two-term past president of the San Francisco Treasury Management Association. Erin is no longer with Glenbrook, but contributed greatly during her time at the firm.