A fast, accurate financial close is more than a reporting task—it’s a strategic imperative for finance teams.

But despite its importance, 60% of teams face delays due to manual processes and fragmented systems. Streamlining the close can cut time-to-close by up to 50%, allowing you to shift focus to analysis, forecasting, and driving business impact. So how can you overcome these delays and streamline processes for a faster, smarter close?

The Financial Close process can be broke down into three stages: The core, pre- and post- close. Let's explore how each stage is critical to a streamlined and accurate Financial Close process.

Group of business professionals in a modern office having a collaborative meeting, smiling and discussing ideas, with laptops and documents on the table.

Core Financial Close

The ‘core' financial close is built on three essential pillars: account reconciliation, intercompany management, and financial consolidation. Each plays a vital role in turning raw financial data into reliable insights. Learn more about how each pillar strengthens your close process.

Featured Blog: Why a strong financial close is fundamental

Account Reconciliation

The foundation of financial close

Financial Consolidation & Intercompany Management

The next vital step and strategic control point of the core financial close

Cash Management

The key to effective liquidity planning to ensuring a more seamless close process.

Lease Accounting

Turn lease obligations into clear financial insights

A man and a woman seated at a desk, both with serious expressions as they focus on a computer screen in front of them

Post- financial close

Disclosure management is the last step in the financial close, helping teams produce accurate, compliant reports while minimizing errors and review time. Read more to learn how it ensures transparency and confidence in your reporting.

Featured Blog: Financial disclosure management: A guide for finance in 2025

Learn more