Tell me if this sounds familiar, just around the start of holiday preparation (say mid-November) while the rest of the world is thinking about filling their pantries with holiday goodies, gifting, and family, you feel the buildup of annual stress and pressure due to the financial year-end close looming overhead. In mid-December the fire drill begins and you are in the thick of your company’s annual financial close.
When it’s all said and done in February, you get an email from your CEO to discuss your manual reconciliation process. The conversation quickly turns into a debate about the financial close results and data that (of course) can’t be aggregated very easily. The CEO also expresses concerns about issues potentially lingering within the reconciliations. Ugh, what a nightmare!