The goal of our implementation is to fit your needs
- Low risk
We start with those areas of your close which are considered to be early gains with significant impacts, that way we implement AFRM® and gain early success.
- Little close disruption
We select those areas of your close which are sufficiently organized, well defined and are able to be implemented in an efficient manner with little disruption to the existing close process.
- Tailored to your Company’s needs
Every organization has unique schedules, challenges and constraints. We create a custom implementation plan to fit your organizational needs. By selecting smaller parts of the close, we can ensure that users gain familiarity and acceptance of the AFRM® tool, before we tackle the biggest challenges.
- To increase the speed of deployment, ability to work within small time frames, and lower the risk of close process disruption, the implementation makes no changes to the existing close process in the initial month. The first monthly close on AFRM® will use the same process as the prior month’s close. This allows users to gain familiarity with AFRM® using a defined process which the user is already very familiar with.
- The implementation will be scheduled within your timetable, taking into account the myriad of deadlines facing finance teams. We will plan the implementation roll out after consulting with all parties involved.
- The initial adopters generally consist of a group of between 5 and 10 users who have a well defined and consistent process. The initial implementation will avoid those users under tight deadlines or users with complex processes. This allows the team to gain familiarity with the tool before it is rolled out to more complex use cases.
You may find the need to use AFRM® for other non-close tasks or journal entries, such as daily, weekly or even ad-hoc items. Each operational task or journal entry contains details of the task, the documents used in prior tasks and the reviewer and additional reviewer.
Once the close and the accounting function is deployed, there are additional areas which are able to benefit from this system such as Tax Return, Quarterly Reporting Process, Merger and Acquisition, Annual Operating Plan, Sarbanes-Oxley testing and more.