The touchless close: Transforming month-end stress into strategic success
The end of each month traditionally brings a flurry of activities to finance functions, with finance teams immersed in closing the books. This period is often characterized by long hours, meticulous data reconciliation and a frenzied rush to meet deadlines. However, with advancements in automation technology, this scenario is rapidly evolving. The concept of finance automation and the ‘Touchless Close’, a term coined by analyst firm Gartner during the pandemic, is emerging as a transformative force amongst innovative record to report (R2R) initiatives,