Transform record-to-report: The power of Redwood’s touchless close
To this day, the traditional finance function struggles with inefficiencies and a heavy reliance on manual processes, particularly during the critical period-end close. Areas that are manually heavy include areas such as accruals, provisions and reclassifications, account reconciliation and compliance, journal entries and intercompany accounting. This not only hampers efficiency but also clouds the transparency that’s so vital in month-end financial reporting. The whitepaper “Master the Touchless Close” offers a ground-breaking solution to this enduring problem.