Financial Close Process Acceleration

When it takes too long to produce financials, even the most hard-working F&A team can get caught in a never-ending month-end close cycle. And the impact is stark. A slow close delays critical decision-making, increases costs, burns out your team, diminishes your control environment, and reduces sponsor confidence. To drive value, you need efficiency.

Our financial close experts pinpoint inefficiencies in your close process and fix them with tech-enabled solutions customized for the nuances of your business. The result? A significantly accelerated close process that generates timely financial insights, helps you make informed business decisions, builds a strategy for growth, and drives long-term value.

PAIN POINT

Pre-close issues including inconsistent monthly close processes, errors due to reconciling data from multiple systems, and manual reporting/analysis processes.

What Accordion brings:

Enable faster financials.

Accelerate with governance, automation & visibility.

Increase communication, accountability, collaboration, and standardization.

Use controls and checklists to ensure all stakeholders are on the same page.

Deploy the right technology.

Implement technology-enabled solutions and process acceleration.

Accelerate reporting.

Accelerate FP&A’s management and operational reporting to fast-track monthly business reviews.

Ensure stakeholder inclusion.

Increase visibility with dynamic dashboards.

PAIN POINT

Subledger and general ledger close issues including a lack of process/standard operating procedures, highly manual work, inadequate review, and delayed subledger close beyond Day 0.

What Accordion brings:

Revamp processes.

Enable better decision making with improved timelines, insights, and actions.

Reduce error rates.

Identify bottlenecks and dependencies.

Enable timely business decisions.

Mitigate risk of acting on outdated/stale information.

Change course quicker.

Ensure efficient delivery that affords time to provide strategic business insight, mitigating the impact of unfavorable circumstances.

PAIN POINT

Executive close issues including challenges obtaining a transparent audit trail, inconsistency in performance measurement methodology, difficulty gathering key data, and insufficient connection between actual results reported and budget/forecast.

What Accordion brings:

Redeploy resources.

Focus on scalability, cost savings, and business performance.

Eliminate manual processes.

Implement automated reconciliation tools (standardization, transaction matching, AI, analytics and more).

Improve prioritization.

Increase focus on more value-additive activities.

Remove redundancies.

Identify synergies across BU’s, corporate, and acquisitions.

Build internal capabilities and bandwidth.

Reduce reliance on staff augmentation firms to support “surge” periods (e.g. audit/integrations/sale processes).

CLIENT STORY

Ecological restoration co. needs to restore sponsor’s faith in its close process

You’re a newly PE-backed leading ecological restoration company and you’re struggling to meet your sponsor's reporting deadlines just two months post-acquisition. You don’t have a detailed close checklist with tasks, owners, and target deadlines and, as a result, your close period often extends to 30+ days. Staff turnover is exacerbating your issues, and your team is not equipped to track and meet...

CLIENT STORY

Fruit warehousing co. needs to sweeten integration processes

You’re a provider of warehousing and return management services focused on the fruit industry. You offer handling, storage, and packing services, maximizing returns for grower fruit while efficiently utilizing labor, expenses, and capital assets. You have grown through acquisition, but several consistent themes have surfaced as a result: post-acquisition financial statements are unreliable, there is a...

We consistently create value for the world’s most sophisticated private equity firms and their portfolio companies.

We consistently create value for the world’s most sophisticated private equity firms and their portfolio companies.

Meet a few
of our experts.

Howard Goldstein

Managing Director

Howard is a Managing Director with over twenty-five years experience leading Americas Region control teams. His expertise spans accounting, finance, risk, and COO duties. Howard serves as an advisor for the C-suite on CFO driven transformation, cost reduction, and process optimization. He has developed the vision and operating model for several new global control functions.

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Kristen Hearon

Managing Director

Kristen is a Managing Director with more than a decade of experience stemming from roles at the Big 4, public, privately held, and non-profit companies. As a senior financial leader, Kristen’s background includes worldwide controllership, SEC financial reporting, business process improvement, and system implementations.

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Ready to get stuff done? Let’s talk.

We can tell you about us, but we want to hear about you. Tell us what's holding you back from building the future state of your organization.

Financial Close Process Acceleration

Pre-close issues including inconsistent monthly close processes, errors due to reconciling data from multiple systems, and manual reporting/analysis processes.

Subledger and general ledger close issues including a lack of process/standard operating procedures, highly manual work, inadequate review, and delayed subledger close beyond Day 0.

Executive close issues including challenges obtaining a transparent audit trail, inconsistency in performance measurement methodology, difficulty gathering key data, and insufficient connection between actual results reported and budget/forecast.

Ecological restoration co. needs to restore sponsor’s faith in its close process

Fruit warehousing co. needs to sweeten integration processes

Meet a fewof our experts.

Ready to get stuff done? Let’s talk.

Meet a few
of our experts.