SAPinsider Benchmark Report: Optimizing Financial Close and Record-to-Report Process
The financial close cycle and the record-to-report process continue to grow in complexity in the post-pandemic operating environment. New digital business models and the rapid pace of change to the current economy remain catalysts for the growing scale of operational and financial information organizations are collecting from fragmented data sources across multiple ERP instances and financial systems.
The increasing volume, velocity, and variety of data make it more challenging for finance and accounting teams, often working virtually, to track and compile financial information necessary to complete record-to-report activities efficiently.
Over the last two years, SAPinsider research has shown that the financial close and record-to-report process represent significant pain points for most organizations. Over-reliance on manual processes and poorly integrated systems have left many companies struggling with inefficiency.
Download the report to discover where SAPinsiders are when it comes to improving their financial close process.
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