2021 Global Financial Close Benchmark Report

Trintech's 2021 Global Financial Close Benchmark Report is a global survey of 486 financial professionals across 430 organizations that evaluates which parts of the financial close process have been automated, which are in the process of being automated and where finance and accounting (F&A) teams are looking to adopt automation in the future.

Key findings from this survey include:

  • The top 3 challenges the Office of Finance has within the financial close process were all influenced or accelerated by the pandemic

  • A lack of automation is identified as the largest contributing factor to an inefficient financial close

  • Process standardization and automation are the key areas of improvement F&A teams are focused on now 

  • Completing quality work on time, while simultaneously balancing workforce issues (i.e. attracting talent and managing employee burnout) will be the biggest challenges for finance professionals over the next five years


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