Improve Finance Operations
Run Finance on a calendar your team can repeat.
It is day six of close and you are still chasing three reconciliations.
Give each reconciliation an owner, each close step a day, and each report one set of numbers. Every company starts here, and exit and IPO preparation build on it.
Who this is for
CFOs, controllers and finance leaders whose close, reconciliations or reporting take more work than they should. Founders who want Finance to run well are welcome too.
What Finance should be able to demonstrate
- The close finishes on a known day each month.
- Every reconciliation has an owner, a reviewer and support.
- Repeating manual steps are listed and assigned to owners.
- Cash, billing and collections show up in one regular view.
- Reports draw on the same numbers every period.
- Someone else can run each key step if you are out.
Readiness areas
Spend · Accounts payable
Route invoices and payments through clear approval steps.
Get Paid · Order to cash
Bill on schedule and see overdue invoices in one regular view.
Payroll · Payroll and benefits
Run each pay run from approved changes and post the journal on a set day.
The Close · Month-end close
Shorten the close and give every reconciliation an owner.
Plan vs Actual · Budgeting and FP&A
Check results against the budget on a set routine, with owners for each variance.
Cash Ops · Treasury and cash
See where cash stands today and where it is heading.
Controls · Internal controls
Keep proof of review where the team can find it.
Reporting · Financial reporting
Produce the monthly pack from one consistent set of numbers.
How your GAAPx Score sets your priorities
Your score is the same for every outcome.
For this outcome, the findings that cost the team the most time and rework move to the top.
Your findings are priorities to work on, and they describe how Finance runs today.
Slow close
Days go to chasing inputs and fixing late entries. Look first at the close calendar, the owners and the steps that wait.
Weak revenue support
Billing and collections need manual checks before the numbers can be trusted. Look first at tying invoices to contracts and cash in one routine.
Missing control evidence
Reviews happen but leave no record, so errors can resurface. Look first at reconciliation sign-offs and journal entry approvals.
Fragmented systems
Data is re-keyed between tools, which adds time and errors. Look first at where numbers are copied by hand, ranked by effort.
Start with a pathway
Pathway
First financial audit
Get your books ready for independent outside auditors.
See the first financial audit pathway
Three ways to get support
Do it yourself
Use the GAAPx platform and playbooks to work through the plan at your own pace.
Do it with you
Get guidance and playbooks from GAAPx as you work the plan.
Done for you
GAAPx carries out the work through managed implementation, and your team reviews and approves every step.