FINANCIAL CLOSE

Mastering Financial Close: The Resource Center for Finance Leaders

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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.

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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

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Core Financial Close

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Account Reconciliation

The foundation of financial close

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Financial Consolidation

Financial Consolidation & Intercompany Management

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

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Pre-Financial Close

What happens before the core financial close is equally important. Cash management and lease accounting are critical early steps in the financial close, helping ensure accuracy and compliance from the start.  

 

Featured Blog: Pre- and post-close processes in finance—and why they matter

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Pre-Financial Close

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Cash Management

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

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Lease Accounting

Turn lease obligations into clear financial insights

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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

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Post- financial close

Disclosure Management

Disclosure Management

Ensuring accurate, compliant, and transparent reporting at the final stage of the financial close.

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