A Maturity Model for the Connected Financial Close
Organizations have invested in sophisticated systems to accurately and efficiently record, close, and consolidate data
during reporting cycles. However, the data integrity and efficiency gains from these transformation efforts fall away when
teams must manually collect data for analysis and reporting.
Legacy ways of working hold back highly skilled contributors each reporting cycle. But as innovative cloud platforms have
emerged, teams can now connect the people, processes, data, and technology solutions involved in the financial close, so
they can spend more time on analysis and reporting.
The maturity model for a connected financial close is meant to help organizations assess their current financial reporting
capabilities and conceptualize their progress toward an ideal state.