Close Optimization

In today’s environment, companies need a close that is both efficient and effective.

An Effective Close. One that is complete, where you know that every task has been completed, reviewed, and approved. An effective close is easier to audit because all supporting documents and procedures are easily available.

An Efficient Close. A close is efficient when the resources needed to complete the close are used most economically. In an efficient close, waiting time is reduced, communication is increased, mistakes and rework minimized, and discrepancies are resolved quickly. A fast close isn’t necessarily efficient, but an efficient close is almost always fast.

A Complete Solution to an Efficient, Effective Close – Optimization

When you optimize your close, you make it more efficient and effective. By optimizing, you increase accuracy, improve communications, reduce waste, and assure completeness. Almost always, as a result of efficiency and effectiveness, your close will become faster, precise, and more fluid.

But, optimizing your close isn’t easy. For one thing, you are already stretched just getting the close completed.

In addition, your close process is unique. Your close encompasses a set of systems, procedures, and people that are unique to your environment, and constantly changing to respond to the different changes in your business. Any solution to optimizing your close needs to be customized to your environment, while being able to adapt to changing conditions.

A true close optimization requires a complete solution, which includes:

A Solid Proven Methodology – One that is fact based, and able to adapt to changing conditions. We use the proven methodology of Lean Six Sigma, which uses metrics to find problem areas, and help you eliminate waste.

The Development of Your Best Practices. Your company is unique. Your close process is unique. Simply adopting someone else’s best practices won’t work. Industry best practices can be a starting point, but ultimately, you will need to develop and optimize the best practices that fit your organization.

World Class Technology. You need technology that can be customized to your specific environment, improve communications throughout your team, and help you to gather the metrics needed to support a continuous improvement process.

Focused Resources and Strategy. Any effort towards improving processes needs an implementation team. The team should be experienced in the close and reporting, as well as in the technology and have expertise in process improvement. The goal of the team will be to teach you how to continuously improve your close going forward.