A step-by-step guide to assessing the four major business processes that fuel finance and accounting
The finance function has become increasingly complex, creating more opportunities for process inefficiencies. Forward-thinking leaders are assessing their organization’s finance function to proactively identify and understand weaknesses with the goal of transforming core finance processes to help their businesses succeed.
For most middle market companies, inefficient processes will manifest as long closes, a high volume of manual tasks, poor quality information, lack of insights and slow invoice processing.
If your company is experiencing these disruptions, take this self-assessment—covering the four core accounting and finance processes—to illuminate specific shortcomings within your organization. Using your assessment results, you can prioritize action items and seek process and technology solutions that will put you on a path to optimized, streamlined finance and accounting operations.