Closing insights

Data driven insights into your financial close process

Deloitte | Assurance Offerings
 Closing insights by Deloitte | What is it?

Finance functions are crucial to the business ensuring accurate financial information
for the business to operate effectively as well as supporting business planning and
decision making. However, many finance functions are spending a significant part of
their time with daily operational tasks, which do not allow time for more value‐adding
and strategic focus. The closing insights solution can help to free up time and relocate
the focus of the team from general administrative task to more strategic and value‐
creating tasks.
Closing Insights by Deloitte provides in‐depth, and data driven insight into the financial
close process. The business intelligence solution helps identifying outliers and
bottlenecks in the process and helps finance functions to prioritize and allocate tasks.
Ultimately, the closing insights solution supports the goals of a relevant and effective
financial reporting in high quality.
By transforming and analysing all financial data of the business, the closing insights
solution empowers valuable insights of the financial close process. The insights focus
on the following three overall categories to support different purposes:
• Process & Policies
• People & Organization
• Information & Systems (Automation)

Fact‐based Fully Rapid

Valuable and
insights into the automated via implementation
actionable
financial close 42 Deloitte & and time saving
insights
process Tableau Cloud solution

© 2022. For information, contact Deloitte Touche Tohmatsu Limited. Closing Insights | Data driven insights into your financial close process 2
 Closing Insights by Deloitte | How does it work?

Engage & empower

Simple data handling Analyse the insights
your people

Let the Deloitte Digital Processes

Portal crunch your data! • Fact‐based insights into the
speed of close and analysis
of root‐causes
• Optimize and streamline
transaction heavy
processes.

People
Raw data from • Insights into tasks and
the finance work allocation
system • Identify inconsistency in
posting patterns and
journals with higher risk
of error.
Dynamic closing insights
analysis via Tableau Automation
Cloud • Identify automation
potentials to obtain
efficiency gains and
increased quality in the
processes.

Why you should invest in Deloitte BI as a service

Benefit from Deloitte’s industry Replacement of large Do not worry about upskilling or
experience and best practice expenditures on software, the retention of highly
gives you comfort in accuracy hardware and the specialized BI employees.
and completeness of data. establishment of a BI‐team with
a lower subscription fee.
Deloitte has other BI solutions available provided as BI as a service, helping clients to
accelerate or support their digital journey.

© 2022. For information, contact Deloitte Touche Tohmatsu Limited. Closing Insights | Data driven insights into your financial close process 3
 Closing
Closing
Insights
Implementation
by Deloitte | How do I get started?
process
4 easy steps is all it takes before you are ready to leverage the power of data analytics and automation
when choosing Deloitte as your Business Intelligence service provider
We are not just providing a BI solution. Our proven method of delivery brings maximum impact and value
add from our solutions, ensuring that they become and integral part of your business processes.

We …

1 2 3 4

..facilitate a ..set‐up efficient ..perform ..train your people

workshop to extraction thorough testing in effective and
obtain in‐depth procedures and of the solution efficient use of GO LIVE!
understanding of methods for before handover Closing Insights
your needs extracting and
uploading your
data

The price for getting access to and implementing the solution into your business depends on the complexity
of your business, for instance the number of entities, data quality etc. Reach out, and we will prepare an
attractive offer to accelerate the digital journey in your finance team.

Example of fees in DKK ex VAT Onboarding, training and set‐up Subscription fee
(estimated) (monthly)
Low complexity 20 – 30,000 3,000
High complexity 40 – 60,000 6,000

Contact
Rasmus Astrup Christiansen Mads Stærdahl Rosenfeldt
Senior Manager | Assurance Offerings Partner | Assurance Offerings
Deloitte Deloitte
Weidekampsgade 6, Weidekampsgade 6,
2300 Copenhagen S, Denmark 2300 Copenhagen S, Denmark
Mobile: +45 30 93 45 03 Mobile: +45 30 93 52 06
rastrup@deloitte.dk | www.deloitte.dk mrosenfeldt@deloitte.dk | www.deloitte.dk

© 2022. For information, contact Deloitte Touche Tohmatsu Limited. Closing Insights | Data driven insights into your financial close process 4
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Touche Tohmatsu Limited, its member firms or their related entities
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© 2022. For information, contact Deloitte Touche Tohmatsu Limited.