All things controllership

Closing the books. Processing month-end. Whatever your organization calls it, your goals are likely the same: simplify the process and make it efficient to produce strategic insights to guide decision-making.

It’s difficult to do that if you’re still relying on spreadsheets full of hard-to-decipher data. Among other things, it requires using technology as a catalyst to gain control, improve efficiency, and reduce complexity from transaction creation through reporting. Leave stale processes, disconnected systems, and manual operations behind with our tips.

The 4 value drivers of risk ranking

If you’ve never heard of risk ranking, the premise is this: Assigning risk levels to accounts based on the potential impact of material misstatements. Top-performing organizations use it to improve their balance sheet reconciliation process, driving transformation through process and policy enhancements.

Read the blog.

Target percentages of risk ranking

Leveraging insight from hundreds of organizational interactions, we’re sharing the target percentages of your accounts that should fall within low, medium, and high-risk categories.

Explore them on the blog.

Common close improvement activities

Every organization and situation is different. But when it comes to closing the books, there are a few common ways to simplify your processes. Exlore the key improvement areas we’re seeing across the companies we work with on our blog.

The financial close KPIs you need to know

It’s no secret that tracking KPIs provides meaningful insight into the effectiveness of your operations. It’s the simplest way to keep tabs on period-over-period growth—and having formal governance around what metrics you watch out for helps streamline, enforce, and establish policies and procedures for improvement as you scale.

Explore the financial close KPIs you need to know.

The close maturity continuum

Understanding where you stand on the close maturity continuum can help size the gap in your performance level—where you are and where you could be.

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7 critical areas of your account reconciliation policy

Having a standard format for your account reconciliation policy can help streamline your processes and set clear expectations for your team. We’re sharing the 7 areas we recommend.

Read the blog.

Featured case study

Unclaimed property | Staff augmentation

States have become more data-driven in identifying audit targets for unclaimed property cases. Without a structured approach to identifying and reporting unclaimed property, organizations are at risk of significant fines, interest payments, and operational interruptions.

See how we helped one $1B healthcare and medical testing organization achieve compliance with all property owners and individual states—as well as:

  • Avoid potential penalties and interest (estimated up to 30%!) through negotiation into Voluntary Compliance Programs
  • Executed on required due diligence notifications to meet state regulations
  • Document procedures for ongoing compliance
  • Renew their commitment to timely reporting

Want to learn more about our staff augmentation services? Drop us a line via the form below!

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