Research Library > IBM > A Smarter Way Through Your Extended Close Cycle – Automated Financial Close Management(FCM)

A Smarter Way Through Your Extended Close Cycle – Automated Financial Close Management(FCM)

White Paper Published By: IBM
IBM
Published:  Feb 20, 2013
Type:  White Paper
Length:  8 pages

Weeks of effort go into closing, consolidating, preparing, executing and adjusting final numbers and narratives to report on any given financial period.  Most companies use unconnected spreadsheets, emails, and word processing documents to conduct the extended close cycle, from closing their books to filing their reports.

This paper reviews the processes involved in a company’s extended financial close process, the problems associated with a manual effort, and the benefits of using an integrated and automated single-platform solution for Financial Close Management (FCM). 



Tagsfcm, financial close management, finance, close, extended cycle, end of cycle, consolidated, application integration, application performance management, best practices, business activity monitoring, business intelligence, business management, business metrics, business process automation, business process management