MODERNIZED FINANCE & ACCOUNTING

Closing in Three: A Touchless First Finance Function for a Growth-Stage Enterprise

Client: A $800M technology-enabled services company

closing its books in twelve days [VERIFY profile]

Modernized finance outcomes
From manual month-end work to a touchless-first finance function
Before transformation
Outcome
12 → 3
Close days
78%
Touchless invoices
5×
Decision speed
30–40%
Finance cost
Close compression · Touchless processing · Decision capacity · Cost reduction potential

The Challenge

Finance had scaled by adding people. AP was keying invoices, reconciliations lived in spreadsheets, and the twelve-day close meant the business ran its first two weeks of every month on last month's numbers. The CFO's mandate was blunt: a finance function that scales with revenue, not headcount.

Why it held

Prime re-chartered the roles, not just the workflows. Staff who keyed invoices now manage exceptions and vendor analytics — the capacity was redeployed into decision support, which is why it didn't quietly refill with manual work.

What Prime did

Outcomes

Day 3

Monthly close, from day 12 [VERIFY] Engagement figure

78%

Invoices processed touchless [VERIFY] Engagement figure

5×

Faster decisions on current-month data Published

30–40%

Cost-of-finance reduction potential [TARGET] range

Hackett Group research shows Digital World Class finance organisations operate at markedly lower cost as a percentage of revenue while delivering faster cycle times than peers; the [TARGET] range sits within the lower-to-mid band of that documented gap.

HACKETT
GROUP
WORLD CLASS DEFINED AND ENABLED
x
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