Financial Close Survey 2021

The financial close process is still largely manual, time-consuming, and subject to errors. Today’s digital environment enables improved connecting of data, reporting, and compliance, however.

Please take this brief survey to track your enterprise’s progress in this critical area of operations.
GENERAL
1.Please indicate what best represents your organization (choose best answer option)
2.What percentage of overall finance staff are working at Corporate/SSC/BPO?
0%
<25%
<50%
<75%
<100%
N/A
Corporate
SSO
BPO
3.Which processes are currently provided through shared services? (choose all that apply)
4.What best defines your finance service delivery model? (choose best answer option)
5.Is there a plan to shift towards a GPO (Global Processes Owner) model?
6.What have been the key drivers in growing the shared services model? (choose top 3 answer options)
FINANCIAL CLOSE
7.How many legal entities (excluding dormant) are currently being supported by your team?
8.In relation to the close, how much time is spent managing data in readiness for the period end vs providing insight to the business? (choose best answer option)
9.Do you currently have global policies to manage your financial close processes?
Yes
No
Balance sheet reconciliations
Manual journals
Intercompany process
Close process
10.Do these policies have any element of a risk based approach to make the process more efficient / more effective?
11.Which Metrics and KPIs are being used to manage and measure the Financial Close process? (check all that apply)
12.Which other metrics are you are hearing about that are in use?
13.What are the 3 top challenges you are currently facing in relation to the Financial Close? (choose 3 answer options)
14.Apart from salary, what is most important in attracting talent and avoid burnout? (choose top answer option)
DIGITAL ADOPTION
15.What technologies are currently utilized to provide period end numbers? (choose all that apply)
16.How many ERP instances do you currently utilize in the creation of the period end numbers?
17.What prevents you from driving further automations across the Financial Close process? (choose top 3 answer options]
18.Do you see your investment in Financial Close automation increasing, decreasing or staying the same over the next 12 months? (choose best answer option)
FUTURE
19.Where do you think your staff will be working once it is safe to return to offices? (choose best answer option)
20.What are your top 3 priorities for improvement over the next 12 months? (choose top 3 answer options)
21.Would you be interested in a demo of SSON Analytics' data resource, covering comparative location data such as talent availability, number of SSCs/BPOs, cost of center operations, and salary data; along with benchmarking and metrics?
22.Are you interested in learning about a brand new professional GBS training and certification program?
Current Progress,
0 of 22 answered