Accelerate your financial close: A research report
Automation is transforming finance, enabling faster month-end closes and freeing time for strategic activities. However, many organizations are still hesitant to adopt and integrate these technologies into their operations.
This Sage report explores trends in financial close processes, offering insights for finance leaders to optimize processes, including:
- Finance teams take 7 days monthly to close books, totaling 3 months yearly
- Automating the close can free 3x more time for tasks like data analysis
- Over 50% of leaders haven't automated pain points like journal entries
- 73% not fully on the cloud plan to move there in 2 years, enabling 25% more automation
Browse the report to discover more and learn how you can accelerate your financial close and boost productivity.