Tell me about a time you had to shorten the month end close cycle without sacrificing accuracy.
- Situation
- Our month end close took seven business days, which delayed our management reporting.
- Task
- My goal was to reduce the close process to four business days.
- Action
- I identified that account reconciliations were causing the most delay and moved the task to an automated workflow within the ERP. I also set up earlier cutoff dates for intercompany transactions.
- Result
- We successfully cut the close cycle by 43 percent, saving the department approximately 20 hours of manual labor every month.