Checklist
8 Ways to Strengthen Your Accruals Process
Accurate financial information is a prerequisite for making informed and data-driven decisions. And there’s one critical yet often overlooked strategy to accomplish that: accruals!
Below are 8 steps you can take to help tighten up your accruals process today. This checklist covers:
- How to harness the power of automation solutions to streamline your accruals process
- The importance of allocating adequate resources to your accruals process
- Best practices for documenting accruals procedures to ensure consistency and alignment
"I love Gappify for its ability to put the month-end accrual process on autopilot. It reinforces the best practices around the procure-to-pay cycle, influencing good behavior and engagement with outside vendors and internal business partners. This helps support a very smooth accrual process and month-end close."
“By leveraging Gappify’s Accrual Cloud,we were able to automate these tedious, repetitive tasks and ultimately reduce our close timeline by 6 days.”
“In an era of new business models and changing accounting standards, accounting professionals need automation so that they can deliver fast, correct and smooth close processes. Gappify equips finance staff to keep pace with the speed of business, and enable finance transformation in an era of increasing complexity."
“Gappify is a cornerstone of our close management tech stack. They are pioneers in automated vendor accruals (which they execute perfectly!) and continue to add value through their innovative new features, including PO compliance monitoring and vendor spend insights."
