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Ventana Research

The Effective Close Self-Assessment

1. How long after the end of the month does your company finish closing its books? *This question is required.
2. How long after the end of the fiscal quarter does your company finish closing its books? *This question is required.
3. Does your company have a process in place to identify and address factors that may be lengthening and/or holding up the closing process? *This question is required.
4. How much of a priority is a fast close for your company's finance executives? *This question is required.
5. How timely is the information the finance and accounting department provides to the rest of your company? *This question is required.
6. Which of the following types of enterprise software does your company primarily use for financial consolidations? *This question is required.
7. To what degree has your company automated its close process? *This question is required.
8. How prominent is the use of spreadsheets in your company's closing process?
9. How significant a problem is data consistency or data quality in preparing your company's financial reports?
10. What is the most important reason to close quickly?
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