Once you decide that your month-end closing process isn’t working, you need to diagnose the problem and take corrective action. Do you have a cumbersome process that is creating unnecessary work?

Added to that, the month-end close process demands significant administrative effort and strategic work, stretching limited resources between manual, low-value tasks and high-value activities.

As businesses expand, the adage goes that so does the complexity of reporting and the overall month-end close process. But what about smaller teams with just a few staff members for small businesses?