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Many local authority finance teams are looking to improve their accounts closedown process. Why?
However, turning the ambition into a reality can be difficult. One practical way to identify key areas for improvement is through a systems analysis framework. For example:
Are you using the right tools for the job? Computers are significantly faster and more accurate than human brains when it comes to applying algorithms and reproducing data, whereas our brains are irreplaceable when there is a need for nuanced, contextual considerations. Is this the balance that you are operating?
With careful analysis, every council can improve its closedown process, and CIPFA has the tools, guidance, training and consultancy support available to help you identify and make the changes you need.
Cashflow Toolkit and ProForma Toolkit, pre-order now.