Much valuable management and accounting function time is invested across the country in this exercise. Does the impact of the reporting process in your organisation warrant the investment you make?
The impact of a quick month end is significant. Take two hypothetical organisations with 500 staff and say 20 accounting staff. In the example shown the quick accounting function has nearly 40% more time to spend on proactive services and daily routines.
How do we cut out the time spent at month end?
From the waymark solutions limited studies organisations are finding ways to improve the process.