In addition to placing the current close under a microscope, Close Analytics provides all the data you need to fine-tune your close process by reviewing historical results and trends.
Where are the repeated bottlenecks in your process that are causing certain items to habitually fall behind? Which staff members are consistently late in their assignments? Are you seeing improvement in the number of days it takes to close the books? How could you best adjust workload assignments or due dates? The Retrospective and Close Trends tabs in Close Analytics have the answers.
Historical periods can be selected from the Month/Year drop-down menu:
The same Close Progress data that you enjoy for the current close is visible for these retrospective periods.
The Close Trends tab shows a longer-term perspective of how your close process has evolved over time. This tab only applies to individual entities and does not apply to the all-entities view. Teams focused on shortening the number of business days to complete their close use this page to track progress and celebrate improvement. These trends can be viewed Year to Date, for the entire prior year, or the prior 3 years:
Each of these - Retrospective and Close Trends - also displays data by folder and team member for late assignments to spot trends and zero in on where to make impactful adjustments to improve your close timeline.