Avoid the Pitfalls of Year-End Financial Close

As each year draws to a close, CFOs are gearing up for one of the most critical tasks in their financial calendar: the year-end financial close. There are key areas to focus on and best practices to ensure this process goes smoothly… but what happe...

Episode 8 of the The CFO Show podcast, hosted by Vena Solutions, titled "Avoid the Pitfalls of Year-End Financial Close" was published on November 7, 2023 and runs 24 minutes.

November 7, 2023 ·24m · The CFO Show

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Summary

As each year draws to a close, CFOs are gearing up for one of the most critical tasks in their financial calendar: the year-end financial close. There are key areas to focus on and best practices to ensure this process goes smoothly… but what happens when it doesn’t? More importantly, what is it that trips finance teams up at the last minute?To explore the ins and outs of year-end close, hosts Melissa Howatson and Tom Seegmiller sit down with Benno van Ingen, Lead Consultant CFO Tech, Finext. Benno has served in various financial roles over the past 20 years, giving him extensive experience with corporate financial processes and firsthand insight into how things can go awry.Discussed in This Episode:How an organization is hampered by a lackluster year-end closeThe specific pitfalls that finance teams want to avoidWays to mitigate the time crunch associated with this processLegacy tools and systems that can prevent a successful closeEpisode Resources:7 Ways To Conquer Your Year-End Close NightmaresThe Ultimate Guide to Financial CloseFor CFO insights, episode show notes, and exclusive blog content, visit thecfoshowpodcast.com.

Episode Description

As each year draws to a close, CFOs are gearing up for one of the most critical tasks in their financial calendar: the year-end financial close. There are key areas to focus on and best practices to ensure this process goes smoothly… but what happens when it doesn’t? More importantly, what is it that trips finance teams up at the last minute?

To explore the ins and outs of year-end close, hosts Melissa Howatson and Tom Seegmiller sit down with Benno van Ingen, Lead Consultant CFO Tech, Finext. Benno has served in various financial roles over the past 20 years, giving him extensive experience with corporate financial processes and firsthand insight into how things can go awry.

Discussed in This Episode:

How an organization is hampered by a lackluster year-end close
The specific pitfalls that finance teams want to avoid
Ways to mitigate the time crunch associated with this process
Legacy tools and systems that can prevent a successful close

Episode Resources:

For CFO insights, episode show notes, and exclusive blog content, visit thecfoshowpodcast.com.

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