In this episode of the 10x Finance Podcast, host Albert Gozzi and guest Parker Gilbert discuss the intricacies of closing financial books faster. They explore the evolution of finance teams, the importance of understanding maturity cycles, and the balance between speed and accuracy in financial reporting. The conversation also highlights common mistakes finance teams make, the significance of collaboration between finance and accounting, and the future impact of AI on finance processes.

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Chapters

• 00:00 Introduction to Closing Books Faster
• 02:31 Understanding the Maturity Cycle in Finance
• 04:19 Evolution of Closing Processes
• 06:51 Identifying Workflow Dependencies
• 08:58 Balancing Speed and Accuracy
• 11:01 Improving Collaboration Between Finance Teams
• 13:08 Common Mistakes in Finance Teams
• 15:05 Hiring for Intangibles in Finance
• 16:22 The Future of AI in Finance