The Way to Closing 4.0
We are all familiar with the phrase from the soccer world, “after the game is before the game.“ With this in mind, we are looking at the final study report below because the motto here is also “after the financial closing is before the financial closing!”
It is undeniable that financial closing itself is not new. Starting with what is known as a “fast close,” companies have been working with the closing process in a structured manner for more than 30 years. As a result, there were further evolution levels and a current best practice standard was devised. Against this background, we will examine the following thesis in this study report: Closing has a high degree of maturity in many companies. However, it is yet to experience the greatest change and further development as part of digitization – towards Closing 4.0.
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