Financial KPI Goals You Should Track in Your Close
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The need for KPIs in finance and accounting is widely known, but are finance organizations tracking the right KPIs?
One of the benefits of automating accounting processes is that it enables finance teams to identify and analyze the right KPIs to improve processes within the financial close cycle.
So, what are the important KPI examples for finance departments? In this eBook, we will cover KPI goals for finance and accounting that fall into three key categories:
Close Time Goals: To ensure an organization has a proper understanding of the time required to perform the standard financial close and that the appropriate amount of resources are available
Close Effort Goals: To ensure an organization has an understanding of the variability in the close process and the appropriate amount of resources available to perform the financial close process and provide both high job quality and job satisfaction
Close Quality Goals: To ensure an organization has the resources to produce accurate and reliable financial statements for management and regulatory purposes
Leading organizations prioritize and measure these areas to drive efficiency and effectiveness within finance and accounting, supporting the broader organization better.
Download the eBook to learn more about the KPIs your team needs to improve visibility into the financial close cycle, optimize costs, and execute growing demands for strategic activities.
Download the eBook
With our Trintech solution, we have the visibility to identify problems and issues and track different KPIs that help us identify any fraud and fix it before it’s too late.”