WIKI: FAST CLOSE is:
the methodology that delivers the financial reports in 5 days or less the fastest, most efficient and less expensive, to the stakeholders.
not in the least the result of the mindset of your Finance team.
the result of a structured Finance document and process management environment
the result of well organized processes as a result of using LEAN
is a result of the use of most recent and modern software from transactions (E-invoicing), consolidation, reporting and monitoring, bank interfaces and a fully automated backoffice etc.
the reason that large organizations can report faster than smaller organizatuions.