The Period End Close App helps companies understand their period end activities better.
While the focus of modern finance departments is on supporting the business and driving value, most of the accountants’ time is spent on basic activities, such as the period end close. Managing these activities to a high reporting standard and within a narrow reporting period is an ambitious task that few companies have mastered. This holds true also for companies who implemented advanced PEC management tools.
With Accenture’s Period End Close App you can get meaningful insights into the End-to-End Period End Close process and all of its key subprocesses. You can spot bottlenecks, identify what causes delays, investigate which subprocesses have negative impact on the whole process, measure workload per team and discover the critical path of the process.
You can get all these insights using the Period End Close App.
Review each Period End Close subprocess separately
Benchmark Period End Close processes across entities and fiscal periods
Verify timeliness of activities by period end workday, identify task deviation from schedule by team responsible
Drive completion ratio by analyzing the results by task type, entity, or period
Increase Period End Close automation
Get an impression of the performance of your Record-to-Reports Period End Close process at a glance.
Activity flow on a subprocess level
Compare process across entities and months
Find out workload per workday and deviations from schedule
Verify completion ratio by task type, entity, and team responsible
Analyze automation ratio by region and country
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