From digital to intelligent close

-Late nights?

-Too many manual errors?

-Multiple bottlenecks slowing down process?

-Inability to tell a story with your data?

-Constant worry about what might be missed?

-FP&A always asking why we can't close faster?

Generative artificial intelligence (GenAI) is all the buzz, but for finance and accounting it is important not to forget the foundational processes and technologies required to make your life manageable. With emerging technology, traditional accounting activities can evolve to what we’re calling the “intelligent close.” KPMG LLP's Intelligent Close^TM goes one step further to embed digital, analytical, and artificial intelligence capabilities from the creation of a transaction through to accounting and reporting—improving the spend and quality of the close. By embracing trusted transactions, autonomous accounting, real-time reporting, and a modern workforce, you can revolutionize your organization from being the accountant to a value creator.

4 components of an Intelligent Close

Trusted transactions

Ensure your transactional data is accurate and secure and will lead to strategic insights that can be delivered to key stakeholders to drive business strategies, enable continued business growth, and reduce risk.

Autonomous accounting

Leverage enabling technologies, exception-based methodologies, and integrated end-to-end processes to shorten close-time cycles and drive operational and financial efficiencies.

Real-time reporting

Persona-driven tailored analytics across the AI-enabled spectrum from intuitive dashboards and visualizations through to analytics, predictions, and recommendations.

Modern workforce

Transcend traditional accounting, evolving into strategic centers of excellence, with innovative financial experts embracing digital tools, agile methodologies, and a growth mindset, driving organizational productivity, creativity, and efficiency.

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Report: From digital to intelligent close

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Building an Intelligent Close starts by understanding and reflecting on your maturity based on your current technology capabilities and process gaps. We can help you prioritize where you want to go and regardless of your maturity, there are strategies and plans to build the path forward.

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