2018 06-27 How to Accelerate the Month-End Close

2018 06-27 How to Accelerate the Month-End Close

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  ACCELERATE YOUR ACCOUNTING PROCESS
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  C OURS EOBJE CT IVE S Learn how to: • Automate daily reconciliations for continuous control and validation • Gain better visibility into quality, accuracy and timeliness of your reconciliations • Develop a seamless, streamlined and centralized workflow for preparation, approval and review
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  AGE NDA • CommonAccounting Challenges • Continuous Accounting Process • Blackline Demo • Implementation Overview COURSE UPDATE DATE: 5-16-2018 COURSE REVIEWED BY: Albert Jimenez COURSE REVIEW DATE: 6-22-2018 NASBA FIELD OF STUDY: Accounting
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  OUR M ISS ION to be a catalyst for positive, systemic change in our community
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  Raffa offers all employeesunlimited paid volunteer hours— a first in our industry. Our stated goal is to provide 10% of revenue annually in pro bono support through volunteer hours, hard dollars, and donated equipment and office space. Twelve of our nineteen partners are women Over 65% of our workforce is female We have 4x as many female partners than the average of 17% for CPA firms The only top 100 nationally- ranked, majority woman- owned CPA and advisory firm Our workforce is over 70% people of color, LGBT, non-US-born, veteran, and disabled persons Over 30 different languages spoken by our employees Civil Rights & Humanitarian Endeavors AICPA INSIDE Public Accounting The Journal of Accountancy Recognized for our diversity by:
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  Shorten close? Provide higherquality? Automatically review & certify 50%+ of account reconciliations? Automatically identify variance, fluctuations per set criteria? Give visibility to close status? Provide process and data assurance and standardization? What if you had a system that could:
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  90% GREATER AUTOMATION 46% LOWER AUDIT FEES 06 DAYS LESS TOCLOSE 63% FEWER FTES 24% HIGHER LABOR RATE / FTE 52% LOWER COSTS TO CLOSE Source: The Hackett Group
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  Trust is inthe Balance™ THE MONTH END CLOSE FUNNEL Account Reconciliations Transaction Matching Variance Analysis Journal Entries InterCompany Excel TASKS Driven to Month End
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  Trust is inthe Balance™ Reconcile Match Journalize Variance/Flux Analysis InterCompany Month End & Other Tasks Dashboards & Benchmarks Accelerate close with visibility & control Leave more time for reporting and analysis