Here are the results of iPolling\u00ae questions that helped us frame the discussion:<\/p>\n
<\/p>\n
<\/p>\n
The iPolling\u00ae results above indicate that most organizations have final numbers in five days or less and very few exceptions are granted for entities in the organization that may have issues related to closing within the prescribed schedule.<\/p>\n
Closing Calendar<\/span><\/strong><\/p>\n Due to the size and complexity of our feature company, the coordination of the closing process is in itself a project requiring a well-coordinated plan. Their requirements, assuming a quarterly close, which requires public reporting include:<\/p>\n Key Enablers of a Fast, Effective, and Efficient Closing Process<\/span><\/strong><\/p>\n The discussion identified some critical enablers that most organizations have implemented or are planning to implement soon:<\/p>\n Continuous Improvement<\/span><\/strong><\/p>\n Our feature company uses Six-Sigma throughout the organization, including their Shared Services teams. On an ongoing basis, they follow a disciplined methodology to improve their closing process<\/a>:<\/p>\n Technology and Process Enablers <\/span><\/strong><\/p>\n What are you doing to simplify your accounting close process?<\/p>\n Who are your<\/em> peers and how are you collaborating with them?<\/p>\n 1 <\/sup>\u201cPeercastsTM<\/sup>\u201d are private, professionally facilitated webcasts that feature leading member company experiences on specific topics as a catalyst for broader discussion.\u00a0 Access is available exclusively to Peeriosity member company employees, with consultants or vendors prohibited from attending or accessing discussion content.\u00a0 Members can see who is registered to attend in advance, with discussion recordings, supporting polls, and presentation materials online and available whenever convenient for the member.\u00a0 Using Peeriosity\u2019s integrated email system, Peer MailTM<\/sup>, attendees can easily communicate at any time with other attending peers by selecting them from the list of registered attendees.<\/p>\n Peeriosity members are invited to log in to www.Peeriosity.com<\/a> to join the discussion and connect with Peers.\u00a0\u00a0 Membership is for practitioners only, with no consultants or vendors permitted.\u00a0 To learn more about Peeriosity and the Senior Executive offering included in the membership Click here<\/a>.<\/p>\n<\/div>\n <\/p>\n <\/span><\/span><\/span><\/p>","protected":false},"excerpt":{"rendered":" It\u2019s common for Shared Services leaders to be asked \u201cHow many days does it take you to close?\u201d The follow-up question not usually asked, is \u201cHow painful is your closing process?\u201d A recent Peeriosity PeercastTM in the General Accounting research area featured a global Shared Services organization that coordinates the closing process for approximately 500 […]<\/p>\n <\/span><\/span><\/span><\/p>","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[],"acf":[],"yoast_head":"\n\n
\n
\n
\n
\n
\n