Can you really wait for an annual review to steer your business? If you want to stay in control and anticipate every turn, tracking your numbers and financial indicators on a regular basis becomes a necessity, not an option.
Short-closing , or interim closing of accounts, offers a precise and recurring vision of the financial health of a company. More than a trend, it is a necessity for ambitious SMEs that wish to anticipate, adjust and accelerate their development.
At Blendy, French digital accountant, we support you in this proactive approach, by combining accounting expertise and high-performance digital tools such as Pennylane or Finthesis to streamline the process.
But what exactly is short-closing, and why should you start using it now?
Short-Closing: definition and objective
Short-closing consists of carrying out a partial or intermediate closing of your accounts, generally on a monthly or quarterly basis, unlike the classic annual closing.
This method allows you to generate interim financial statements to monitor your company's performance in real time .
Why is this crucial?
Fast decision making: You no longer depend on an annual review to adjust your strategies.
KPI tracking: Continuously analyze your margins, cash flow, and profitability.
Align with shareholders: Provide regular transparency to gain their trust.
Why do growing businesses need it?
For SMEs, particularly in the SaaS, eCommerce, and IT services sectors, the pace of business requires unfailing responsiveness. Short-closing helps you to:
Anticipate your financing needs
Imagine you are preparing a fundraising or applying for a bank loan. A precise and reliable quarterly view of the accounts will reassure your financial partners and speed up your efforts.
Optimize cash flow
By quickly detecting anomalies in cash flows (delays in receipts or payments for instance), you avoid unpleasant surprises.
Here is a concrete example to help you see things more clearly.
Let's consider a SaaS company that relies on a subscription model. With a traditional annual review, executives only discover the impact of significant churn at the time of financial closing, sometimes months too late to take effective action. Revenue losses are already well established, and opportunities for strategic adjustments are missed.
With a short-closing process, the situation changes. Thanks to the monthly closing of its accounts, the company will be able to monitor its KPIs such as recurring revenue (MRR) and churn rate much more easily, to detect a worrying trend as soon as it appears.
So, if a segment of customers starts to unsubscribe more than expected, the company can immediately analyze the causes: declining satisfaction, more aggressive competing offer, or lack of onboarding.
Thanks to this responsiveness, it will be able to adjust its strategy in real time: launch a targeted loyalty campaign, improve the user experience or offer a suitable promotional offer.
Result? Better loss control, an optimized retention strategy, and above all, increased financial stability for the future.
Blendy, your ally for a successful Short-Closing
Why is accounting expertise key?
While short-closing is a formidable weapon, its implementation requires rigor and high-performance tools. Here are the main challenges:
Data quality: Reliable and up-to-date accounting data is essential. Any errors could distort your strategic decisions.
Process automation: Without suitable tools like Pennylane or Finthesis , producing interim reports can quickly become time-consuming for your teams.
Alignment of finance and management teams: The frequency of closes requires fluid collaboration to avoid bottlenecks.
How Blendy supports you
At Blendy, a pioneer in digital accounting for over 12 years, we have supported dozens of SMEs, in France and internationally, in setting up efficient short-closing that is truly useful for the company.
Here's how we intervene:
Tailor-made support: Our teams ensure smooth implementation and train you to fully exploit your figures.
A strategic vision: We transform your financial statements into a lever for growth by providing you with concrete analyses and recommendations.
Adopt Short-closing to stay ahead
Short-closing is not just a simple fad, but a real asset for visionary leaders who want to steer their business with agility.
With Blendy, French & International accounting firm at your side, transform your accounting data into strategic decisions and position your company on the path to sustainable growth.
Ready to optimize your finances and take your business to the next level?
Contact us today to learn more! 🚀
With Blendy , English-speaking French CPA take advantage of digital accounting to accelerate your financial process and develop your business.
Pennylane, Dext, QuickBooks and Stripe certified, we support digital, e-Commerce, IT services, SaaS companies in France and internationally.