Ecological restoration co. creates quicker close process ecosystem​

Picture this...

You’re a leading ecological restoration company, facing challenges meeting your new sponsor's reporting deadlines post-acquisition. You lack a detailed close checklist with items such as tasks, owners, and target deadlines. With significant staff turnover, you are not equipped to track and meet your new reporting requirements.

You turn to Accordion.

We assess the current state month-end close process and assist in accelerating the close timeline by:​

• Interviewing key team members to assess the current state month-end close process and building a robust excel-based month-end close checklist inclusive of deliverables, preparers, reviewers, and due dates. ​
• Holding daily check-in meetings with the finance and accounting team during month-end close to discuss progress of deliverable and issues.​
• Recommending a financial close solution that is cost effective, quick to implement, easy to use and allows for a centralized view of month-end close with dashboards and detailed KPIs, workflow automation and automated reconciliation tie-outs, and strong internal controls over high-risk accounts. ​
• Managing financial close solution configuration, training, troubleshooting of issues, and ongoing support beyond the implementation timeframe.

Your value is enhanced.

You successfully accelerate the month-end close process. Within only 2 months of utilizing the new checklist and suite of workflow automation tools, you reduce your close by >50% (going from more than 30 to fewer than 15 days). You gain increased visibility into the monthly close via dynamic dashboards and KPIs, which allows you to address bottlenecks or issues in real time.