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Finance teams spend 2-3 days manually matching transactions for bank reconciliation. Automating this process could significantly reduce the time required, as seen in one client's experience where it went from 2 days to 3 hours.
I work with finance teams across Europe helping them fix their reporting and close processes. After 50+ implementations, the time wasters are almost always the same. Bank reconciliation. Still the number one killer. Teams spending 2-3 days matching transactions manually when modern tools can suggest matches based on historical patterns. One client went from 2 days to 3 hours. Intercompany transactions. If you’re running multiple entities and doing eliminations in spreadsheets — you already know the pain. Automating this alone saved one client 2 full days per close. Chasing people for numbers. Sales hasn’t submitted their figures. Operations is “still checking.” This isn’t a finance problem, it’s a workflow problem. Automated reminders and approval flows fixed this faster than any conversation ever did. Manual journal entries. If your team is typing the same recurring journals every month, that’s automation 101 and it should have been fixed yesterday. Copy-pasting between systems. AR in one system, AP in another, reporting in Excel. Every copy-paste is a potential error. Every error is an extra day of close. The common thread: most CFOs I talk to think they need better people. Usually they need better systems. Smart people doing repetitive manual work is the most expensive inefficiency in finance. What’s your close process look like? Curious how many days it takes and where the bottlenecks are.