Case Study
Oracle E-Business Suite Month End Close Process
Customer Overview
Finance teams often approach month end closing as a necessary evil, during which multiple people must dedicate too many hours, at too high a cost, to largely standardized and repeatable processes.
Finance teams often approach month end closing as a necessary evil, during which multiple people must dedicate too many hours, at too high a cost, to largely standardized and repeatable processes.
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A Sneak Peak in the Case Study
The traditional method can take seven to nine days – over a third of the month – during which accounting employees are looking backwards and putting out fires.
There’s little efficiency, no visibility, and as business demands increase it only gets more complex.
The impacts of this model go beyond the finance department. Manual closings are not just hassles; they have a significant impact on the business.
