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An inside look at the key trends, drivers and needs in the monthly financial reconciliation process

In early 2013, Adra Match carried out a market survey to determine the major challenges facing accounting and finance departments during the month end close process. The survey focused on companies in Europe and the US that carry out balancesheet reconciliations on a monthly, quarterly or year-end basis.

   Highlights of survey results:

  • Only 28% trust the reported numbers
  • Staff trust the numbers much less than managers
  • 90% are under pressure to close faster
  • Only 39% are satisfied with the quality of the closing process

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