According to Aberdeen Strategy and Research, the average financial closing time for mid-market organisations is 5.1 days.
For small businesses, it’s 3.9 days; for large businesses, 4.7 days.
Why are mid-market organisations in the toughest spot?
Aberdeen Strategy and Research suggests it’s because organisations with 501-5,000 employees are more complex than their smaller peers and lack the resources of large enterprises.
Mid-sized businesses often use spreadsheets and small business accounting applications that don’t integrate with other critical systems; these become bottlenecks to growth and significantly slow the financial close.
Luckily, today’s cloud enterprise resource planning (ERP) solutions aren’t just for big companies.
SAP S/4HANA Cloud Public Edition is a modern, intelligent cloud ERP solution for high-growth mid-to-large-sized businesses.
Growing mid-sized businesses use SAP S/4HANA Cloud Public Edition to automate accounting tasks, reduce manual errors, boost efficiency, and close the books faster.
And the financial close only scratches the surface of how SAP S/4HANA Cloud Public Edition transforms finance.
Complete the short form to download Aberdeen Strategy & Research’s whitepaper and learn more about improving financial closing with ERP.
Then, talk to Vision33, a multi-award-winning SAP partner, about finance-led transformation for your growing business.
