Implementing and Administering an Automated Closing Calendar Tool

Description: Effectively overseeing the financial closing process at any major company can be challenging due to the existence of so many complex and diverse activities taking place throughout the organization. One powerful tool to help manage this effort is an automated closing calendar that allows the participants in the close to report their progress and have visibility to how other tasks are progressing.

During this Peercast, our feature company will share their experiences in implementing and utilizing this kind of tool and what the results have been up to this point in time.

Peercast Poll Results

Poll Title: Utilizing an Automated Closing Calendar Tool

Background: One powerful tool to help manage the closing process is an automated closing calendar that allows the participants in the close to report their progress and have visibility to how other tasks are progressing. This poll investigates the status of utilizing an automated closing calendar at companies today and alternate methods that may be used during the close process.

Poll Question: What is the status of utilizing an automated closing calendar at your company to help manage and streamline the closing process?


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  Implemented - In-house solution 12%
  Implemented - 3rd-party solution 32%
  Approved, not yet implemented - In-house solution 0%
  Approved, not yet implemented - 3rd-party solution 8%
  Currently evaluating 20%
  Evaluated, decided no 0%
  Not evaluated 28%
  Tried, implementation not successful 0%

Poll Question: What is the primary method used today at your company to track and monitor the progress of the close and issues that arise during it?


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  Automated closing calendar 36%
  A checklist/spreadsheet tracked and maintained by a key individual 32%
  A shared checklist/spreadsheet 16%
  A board or chart visible to the entire closing team 0%
  Daily or more frequent team meetings 16%
  Other (please coment) 0%