Month-End Close Transformation
Part 5: Month-End Close Transformation This post continues my “learning in public” journey as a finance manager. All concepts and frameworks are attributed to their original creators, primarily David Parmenter and other thought leaders in the field. The Month-End Burden The month-end close process is often one of the most stressful and resource-intensive activities for finance teams. As David Parmenter states in “The Financial Controller and CFO’s Toolkit,” many organisations are trapped in a “month-end reporting death spiral” where teams spend weeks preparing reports that arrive too late to influence decision-making. ...