Home » FAQs » What is the “month-end” process?
General Product Project Business

What is the “month-end” process?

The month-end process describes a set of processes undertaken periodically, typically at the end of each month. Most Project Businesses struggle to complete month-end reporting, including financial and operational KPIs.

The month-end process describes a set of processes undertaken periodically, typically at the end of each month. Most Project Businesses struggle to complete month-end reporting, including financial and operational KPIs. As a result, many forego it altogether, missing out on crucial business performance metrics and making regulatory reporting extremely difficult.

Adeaca Project Business Automation has built-in processes for the month-end procedure, automating much of the work involved. In Adeaca PBA, the month-end process includes:

  • Reforecasting (EAC)
  • Operational and financial risk reviews
  • Operational and financial to-do checklists
  • Formal approval of WBS changesets.
  • Billing & revenue recognition

The month-end process should be a required support feature in any Project Business Automation solution.

Learn more: Project Business Automation Requirements Template

About the author

Editorial Team