Improving the efficiency and effectiveness of the financial close, consolidations and reporting process is a key part of finance transformation. Six Days – depending, on overall complexity, that’s how long world-class finance organizations take to close the books and publish their internal and external financial reports.
In the 21st century, information moves extremely fast. Business models constantly need to be evaluated and adjusted to keep pace with the ever-changing markets and demands. Competitive organizations must demand timely and quality data in order to react and make important business decisions. With the demand for information coming from a variety of sources – both internal and external – financial close systems need to be fast, adaptable and controllable.
At Peloton, we have best practice process expertise and deep technology leadership across the full Enterprise Performance Management suite. The practice has the capabilities to not only improve an organization’s financial reporting and close processes, but to transform them driving value over the long term.