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Financial Close Automation
Leveraging innovation to support and enhance your close process
As middle market organizations are tasked with reporting more in a shorter amount of time, and with a higher level of transparency and governance required, the financial close has become a larger challenge. With these issues not expected to subside in the near future, many companies are turning to financial close automation solutions that increase efficiency and reporting, while reducing the burden on internal employees.
At RSM, we understand your challenges with the financial close process, and we can deliver comprehensive technology solutions that align with your specific needs. We know that your business is dynamic, and in many cases, you may have outgrown existing processes and technology. Our team brings the right experience and knowledge, with insights into applications that can optimize your close processes and key integration points, with services to drive automation within:
- Account reconciliations
- Period-end checklists
- Variance analysis
- Journal entries
- Intercompany eliminations
More specifically, we offer several targeted services to help you get the most from financial close automation, including:
- Assessments: We perform a current-state assessment of your close process and recommend process improvements and potential enabling technologies.
- System selections: Our team leads you through selecting a close automation solution. Which specific finance automation platform is right for you?
- Integrated delivery: We have the depth of services to deliver your solution right the first time, leveraging any necessary resources to improve the integration of your close technology from risk advisory and business applications to tax and audit.
- Initial implementation: We provide end-to-end implementation services for your selected financial close automation platform.
- Expansion: We can easily implement additional solutions that match your close demands, and add more users if necessary.
- Optimization: Financial close automation is an ongoing journey. Our team can help you get the most out of your automation investment as needs and capabilities evolve.
How can we help you?
No financial close automation solution is one-size-fits-all. We provide your company with an objective opinion on which applications align with your operations and your industry, and then tailor your framework to help ensure optimal efficiency and effectiveness.
We understand that you have significant pain points in the financial close process, and we develop a complete package of automation advice and solutions that typically do not require a massive financial transformation. Our team brings the power of experienced technologists and consultants, so you can be confident that you have the right technology solution and it integrates seamlessly within your processes.
We are practical in our approach, honing in on your unique challenges and delivering technology that aligns with your needs and helps your close process evolve along with your business.