Efficient year-end closing with SCHNEIDER GROUP

14.10.2024

For many years, SCHNEIDER GROUP has been successfully applying the practice of early year-end closing and annual reporting for its clients and offices in all countries of operation.

Closing the year at SCHNEIDER GROUP is an important campaign, involving not only thorough preparation and control at all stages of the process, but also the active involvement of clients. This creates an atmosphere of co-operation and unity, allowing a deeper understanding of their needs and expectations. Regular meetings and open discussions make it possible to identify potential risks and problems early, thereby reducing their impact on the final results.

The importance of such a strategy also includes creating transparency at all stages of the year-end closing. Clear assignment of responsibilities and agreement on deadlines allows to avoid misunderstandings and increase the overall level of discipline within the team. Everyone involved in the process is aware of their roles in advance, thus contributing to more cohesive work and minimising errors.

We start preparing for the year-end closing as early as October; the deadline for completion of all annual reports is 28 February for all SCHNEIDER GROUP’s offices. Based on many years of experience, we know that the chosen approach allows us and our clients to:

  • optimise and streamline processes, agree key points in advance, approve deadlines for tasks and responsible persons
  • have time to jointly discuss open issues and develop team solutions that may have a significant impact on the year-end results and closing dates
  • have time for unforeseen circumstances
  • get accurate financial data earlier, contributing to better planning and forecasting for the next year, as well as identifying and addressing financial risks at an early stage
  • demonstrate a high level of organisation and reliability, contributing to increased investor and creditor confidence, which in turn can improve financing and investment conditions.

Key points to close the year at SCHNEIDER GROUP

The tools we use:

  • Schedule and checklist for year-end closing
  • Electronic reporting time table for each project
  • Discussing and resolving open issues with clients in advance
  • Resource planning
  • IT Tools to automate routine tasks during year-end closing
  • Regular monitoring of closing statuses for the entire SCHNEIDER GROUP


In conclusion, the early closing of the year and the preparation of annual statements before official deadlines help our clients to better monitor their company's financial health, enhance their reputation and gain the trust of their stakeholders, as well as optimise management and planning.