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A Maturity Model for the Connected Financial Close

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Author

Workiva

Length

2 pages

Key Takeaways

  • A maturity model can help teams assess capabilities and envision the stages along the way to the ideal state
  • The maturity of a team's financial close and reporting process can be measured by the connectivity of its people, processes, data, and technology
  • Hallmarks of a fully developed close include a continuous flow of data, a streamlined process, integrated technology, and highly engaged employees

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