No-Touch Financial Close from Runbook
Key Performance Indicators Before and After using Runbook Financial Close Management
The results presented in the diagram reflect average rate of improvement in key performance indicators achieved by organizations that use Runbook to automate their financial close processes.
Runbook helps organizations achieve these results by:
- Centralizing the control and monitoring of global activities while maintaining divisional and country-level exceptions
- Automating routine activities to free up resources to manage exceptions
- Introducing quality assurance into the financial process.
- Enabling process standardization to comply with accounting policies as well as federal and international regulations
- Enhancing oversight of key risk indicators (KRI)
- Automating data feeds to ensure quality data from source systems
- Reducing audit costs with secure remote access to documentation
- Enabling effective management of the entire internal control and compliance process
- Creating in-control statements from any GRC solution to document control results and remediation
- Tracking the performance of Shared Service Centers and BPO with benchmark reporting
