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Improving the days to close by as little as two days can
decrease the quiet period by 36 days.
WHY a Faster Close is Important
Closing the books is an important part of any organization's
monthly, quarterly and annual reporting cycle. Unfortunately,
it's often a time-consuming and resource-intensive process that
regularly ties up valuable resources and time. Even the slightest
reduction in the closing period, especially for public companies,
can create tremendous value by freeing up resources for strategic
initiatives such as finance analytics or mergers and
acquisitions.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
