For organizations processing more than 1.5 million journal entries annually, the implementation of AI is the top predictor of monthly close cycle time.For organizations processing fewer journal entries, the top predictor of cycle time is the maturity of information availability, suggesting struggles with data complexity.Organizations that have optimized robotic process automation in general accounting have a 25% faster cycle time for the monthly close. They also experience a 38% lower cost per journal entry than peers who have lower levels of automation.Organizations infusing AI into record-to-report generate 66% faster cycle time to process journal entries.However, only 19% of organizations report rolling out or fully implementing AI