The future of finance isn’t coming—it’s already knocking on your door. KPMG’s latest report on the “Intelligent Close” reveals how automation, AI, and cutting-edge analytics are transforming the financial close process. We’re talking about 90% automation, real-time reporting, and the power of GenAI to revolutionize decision-making.

But here’s the kicker—these aren’t just numbers or trends; they’re tools reshaping how finance teams work, think, and add value. Curious about what this means for you? 

Let’s break it down, stat by stat, and uncover how your team can move from digital to truly intelligent operations.

78% Execs Bet Big on GenAI—Are You In or Out?

Generative AI is stealing the spotlight, with 78% of executives naming it the top tech to adopt in the next 18 months. Why the buzz? GenAI turns mountains of data into actionable insights, faster than ever before. Imagine closing the books in real time while identifying growth opportunities on the fly. 

This technology enables finance teams to move beyond traditional reporting, becoming predictive powerhouses that influence decisions across the organization. The question isn’t whether you’ll adopt GenAI—it’s how fast you can get started.

15X Faster Close Cycles: Is Speed the New CFO Superpower?

Speed and accuracy are no longer a tradeoff, thanks to technologies enabling financial close cycles to accelerate 15-fold. AI and machine learning tools now process transactions, reconcile accounts, and generate reports in a fraction of the time. 

This newfound agility doesn’t just reduce close timelines; it creates a ripple effect across the organization, empowering stakeholders with real-time insights to make smarter, faster decisions. The faster your finance team moves, the closer your organization gets to a true competitive edge.

100% Automated Reconciliations: What Would You Do With No Manual Tasks?

Imagine a world where every journal entry, every reconciliation, and every anomaly is handled without lifting a finger. For companies achieving 100% automated reconciliations, this isn’t a dream—it’s their daily reality. By eliminating manual tasks, organizations reduce errors, enhance compliance, and create a more strategic finance workforce. 

With AI continuously learning and adapting, these systems only get smarter, freeing teams to focus on innovation instead of tedious operational work. Ready to let your team do what they do best?

Real-Time Reporting: Would You Rather Wait or Dominate?

Gone are the days of waiting weeks for financial insights. Real-time reporting fueled by AI delivers answers as fast as the questions arise. Finance professionals can now act on fresh data, forecast with precision, and provide strategic advice instantly. 

Tools like blockchain ensure the security and transparency of this data, eliminating concerns over accuracy. In a world where every second counts, real-time reporting isn’t just an upgrade—it’s your ticket to staying ahead in the game.

75% Faster Close and 40% More Accurate: The Case of a Hotel Chain’s Automation Success

Background

A U.S.-based hotel chain managing 1,700+ entities faced challenges with manual financial processes. Growing complexity led to inefficiencies, errors, and delays, prompting the need for a modern, automated solution.

Issues

• 60+ hours spent monthly on manual reconciliations.
• Frequent errors delaying financial reports.
• Lack of a centralized system for tracking data.

Automation Implementation

• Deployed HighRadius Intelligent Close Solution.
• Automated 95% of reporting processes.
• Created a centralized repository for all entities.

Results

• Reduced close time by 75%.
• Improved auto-matching accuracy by 40%.
• Freed the finance team for strategic work.

78% GenAI Adoption, 15X Speed, 90% Automation: Are You Ready for the Intelligent Close?

The numbers don’t lie—finance is evolving at an unprecedented pace. Whether it’s automating 90% of processes or slashing close times 15-fold, intelligent close technologies are transforming the way businesses operate. 

Yet, the journey isn’t one-size-fits-all. Companies must evaluate their current systems, identify bottlenecks, and prioritize quick wins. The reward? A finance function that’s not just operationally efficient but strategically indispensable. 

It’s time to step into the future—will you lead the charge?