Regulators and the investment community are demanding that closings become faster and more accurate. Most organizations are not equipped to meet these requirements, however. Many attempt to achieve them by investing more heavily in technology, but technology alone is not a panacea. In most cases this approach wastes valuable resources and compounds already existing inefficiencies. Instead, organizations must focus first on making breakthrough improvements in their processes and culture.
Swayne, B. and Watson, J. (2004), "Making breakthrough improvements in closing the books: a six‐step system", Handbook of Business Strategy, Vol. 5 No. 1, pp. 181-186. https://doi.org/10.1108/10775730410493504
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