Utilizing Third-Party Tools to Better Manage the Closing Process

Description: Even with the proliferation of ERP systems in recent years, the accounting close continues to be a major resource drain for most companies.

This Peercast will look at how our feature company has adopted the use of third-party tools to simplify the closing process and what they learned along the way.

Peercast Poll Results

Poll Title: Utilizing Third-Party Tools to Better Manage the Closing Process

Background: Even with the proliferation of ERP systems in recent years, the accounting close continues to be a major resource drain for most companies. To expedite the process, third-party tools are often used to improve productivity and close the books in less time. This poll looks at the use of third-party tools during the close process and their effect on the quality and timeliness of these critical activities.

Poll Question: To what extent are third-party tools used at your company to improve the periodic accounting close process?


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  Extensive Use 33%
  Moderate Use 13%
  Limited Use 29%
  None 25%

Poll Question: Considering the third-party tools utilized by your company, what impact do these have on the quality and timeliness of the close process?


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  Very Significant 15%
  Significant 50%
  Limited 30%
  None 5%
  Not Applicable 0%