The process of preparing financial statements (closing) is one of the most complex and simultaneously most important processes in the finance organization of companies. Especially in the case of highly complex business models such as those in the automotive supplier industry or software industry as well as with international corporate structures as are common in large corporations, the preparation of individual financial statements and their reconciliation with the accounting regulations of the Group (such as IFRS or US-GAAP) as well as their consolidation is usually very time-consuming and cost-intensive. Fast close – preparing financial statements as quickly as possible – was a buzzword at the beginning of the new millennium. In the meantime, it has become generally accepted that speed cannot be the only goal. It is more important to be able to provide the right data in the right quality and as quickly as possible. We will support you within the framework of an efficient closing project. Optimization measures and their implementation are designed on the basis of an analysis of the existing structures, processes and systems.
Our services in the area of efficient closing are particularly relevant for you in the following situations:
Our services in the area of efficient closing include in particular:
If you are interested or have any questions, please contact us.
Do you have any questions about our services or WTS Advisory? We look forward to your message or your call!