Making breakthrough improvements in closing the books: a six‐step system

Brian Swayne (Brian Swayne is a vice president at Juran Institute, Inc., Wilton, CT. The company provides consulting and training to help a wide range of organizations make breakthrough improvements. Methods employed include Six Sigma and other management disciplines based on fundamentals of quality management pioneered by the institute. www.juran.com.)
John Watson (John Watson is a senior consultant at Juran Institute, Inc., Wilton, CT. The company provides consulting and training to help a wide range of organizations make breakthrough improvements. Methods employed include Six Sigma and other management disciplines based on fundamentals of quality management pioneered by the institute. www.juran.com.)

Handbook of Business Strategy

ISSN: 1077-5730

Publication date: 1 December 2004

Abstract

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.

Keywords

Citation

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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Publisher

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Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited

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