According to Aberdeen Strategy and Research, the average financial closing time for mid-market organizations is 5.1 days.
For small businesses, it’s 3.9 days; for large businesses, 4.7 days.
Why are mid-market organizations in the toughest spot?
Aberdeen Strategy and Research suggests it’s because organizations with 501-5,000 employees are more complex than their smaller peers and lack the resources of large enterprises.
Midsized 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 midsized 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.
