Who in accounting never experienced the nightmare of annual closing? 40 days is the average time a French company needs to close, and 70 days in average to consolidate accounts.
Errors in transactions, missing supporting documents, endless reconciliations, tedious verification for concordance and consistency of all accounts making up the income statement.
In short, a lot of stress in a short period of time.
Fast Close purpose is clearly to accelerate decision making through a faster analysis of the company’s financial situation.