Finance Month End Close Process - How We Can Help
Timely and accurate financial information is a critical element to support informed strategic decisions by your management team. Accurate monthly financial statements are therefore one of the most important strategic tools required by most organizations.
At Phundex, we know that strong finance processes are key to any organization’s success. The finance month-end close process must be done both properly, to ensure the accuracy and completeness of your financial statements, and rapidly. It’s neither glamorous nor particularly enjoyable for many, but month-end close is essential to the health and happiness of not just your accounting department, but your entire organization.
We are also clear that the ability of people to collaborate effectively across the organization is a critical element in the success of most corporate initiatives, including the finance month end close.
Our management team have spent a lot of time working in multi-national financial institutions, managing finance processes of all kinds. Members of our team have also led finance processes in smaller, non-regulated businesses. As a result, we have broad finance knowledge and have all interacted in some way with the month end close process. So, we have seen how the process can go well or not so well.
Some of the key elements to support a strong month end close processes include strong communications, active collaboration, documented processes and planning.
At Phundex we have set up strong finance processes based on our accumulated experience. We would be delighted to share our experience with you.
Wouldn't it be great if you could manage your month end process in a way that would help ensure both accuracy and timeliness? You can – thanks to https://phundex.com/
We’ve created a Finance Month End Close pathway to help get you starting. It includes Stages and Tasks to set out the overall process, including a checklist of items to include in your month end close process. Best of all, it is fully configurable, so you can tailor it to your exact needs.
Now when thinking about your finance month end close, you’ll have confidence in the robust process control supported by the Phundex platform.
Want to know more? Check out our resources page at https://phundex.com/resources/, drop us an email at: hello@phundex.com, or check out our website chat button. To book a demo – you can either use the link on our website or email support@phundex.com, and they will be happy to set it up for you