When you hear “A.B.C.: Always Be Closing!” — you probably think of an angry Alec Baldwin in Glengarry Glen Ross yelling at a room of real estate agents. It’s the motto of salespeople, but it completely applies to the world of accounting, if you think of it in terms of financial close.
A continuous, or extended, financial close is where we’re headed. Though this might be the most important part of the modern financial close, other aspects include automating time-consuming manual tasks and delivering high value and reduced cycle times.
In this blog post, we’ll address each aspect of a modern financial close, starting with a continuous financial close cycle.