The case for a continuous close
The term “financial close process” implies that closing the books has a defined beginning, middle and end. It doesn’t. Frankly, the financial close process had to be defined this way as businesses were pigeon-holed by technology that couldn’t efficiently and accurately close the books.
That is, until the advent of the cloud and the emergence of the best-of-breed modern day financial management solutions, like NetSuite. Organisations are now turning to modern solutions to help them deliver a modern financial close. Consider this —never let the financial close process end! Why not always be closing the books, never stop—the continuous close.
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