Skip to content
Business, Events

Cut Your Month End to Just 3 Days

Continuing our discussion regarding month-end activity – would you like to be able to reduce your month-end processing to 2 or 3 days?

Earlier this week we published the first article in our series Faster Month End Series of informative pieces and introduced globally acclaimed financial author and CFO coach, David Parmenter and his “Secrets from LEAN Accounting Teams” Australian masterclass tour in late February.

Much positive feedback has been received and the associated comments have been very encouraging. The following extract greatly represents what we are trying to achieve here:

 “a good discussion starter for a team looking at month-end processing and getting some quick wins in reducing the time taken”.

This next article in the “Fast Month-End Reporting Part Two” series has David guiding us through:

  • Avoiding high volume processing of AP invoices at month-end
  • Early closing of AP, AR and accruals
  • Early capex cut-off
  • Early inventory cut-off

Simply put, David offers real world advice that can be applied immediately. He has worked with a large number of global companies to transform their finance function and secure the benefits of a LEAN methodology. The results have been compelling… Many organisations have been successful in transforming their month-end processing from a labour-intensive 2-3 weeks to just a couple of days.

To download the full article, please click here.

In our third instalment, we will complete the Fast Month-End series, so please keep a look out for that article as well.

Finally, David has agreed to provide an introductory webinar on Thursday 29 January at 10am Sydney time. If you’d like to participate in his free webinar, please register here

PS – the Early Bird discount for David’s masterclass closes this coming Thursday the 29th. To take advantage of the discount, you need to book now. Please go to www.infocube.com.au/parmenter/.

 

Posted in:

John Vaughan

John Vaughan is a highly experienced Accountant and Consultant. He has experience in the pharmaceutical, FMCG, distribution, professional services, manufacturing and financial service industries. With over 25 years of commercial experience and 20 years working with the Cognos products, he...

Leave a Comment





This site uses Akismet to reduce spam. Learn how your comment data is processed.

Need help with TM1?
We're here for you

Categories

Tags

Tweet
Share
Email