Corporate controllers who successfully prepare their close processes for digital are 20% more likely than their peers to meet or exceed their objectives for digital transformation, but most close processes are antiquated, rigid and not ready to be digitized.
Instead of optimizing the close process for digital readiness, Corporate Controllers should make the close process resilient by:
- Creating a clear vision on which to anchor close decisions.
- Developing the capability to make decisions quickly.
- Generating a sensing mechanism to identify potential disruptions early.