---
title: Close Optimization Workshop for a Biotech Company
description: Eliassen Group streamlined a biotech firm's 15-day financial close to just three days, ensuring the client achieved critical on-time corporate reporting.
---

[Case Studies ](https://www.eliassen.com/case-studies)

# [Close Optimization Workshop for a Biotech Company](https://www.eliassen.com/case-studies/close-optimization-workshop-for-a-biotech-company)

 Written by [Admin](https://www.eliassen.com/case-studies/author/admin) | Oct 23, 2025 3:39:22 PM

## The Challenge:

Our client’s parent company required financial reporting to be submitted by the third business day after month-end. However, the existing close process spanned 15 days, with several critical activities occurring well beyond the third day. Without major process changes, meeting the reporting deadline was not feasible.

## The Solution:

Eliassen Group facilitated a full-day workshop to map all monthly close deliverables. We challenged the client’s management team to rethink task timing and ownership to enable a three-day close. As a result, non-essential tasks were shifted outside of the close window, and a new, streamlined, role-specific month-end close checklist was developed to support the revised timeline.

## The Result:

The client successfully aligned its close process with corporate reporting deadlines, achieving on-time financial reporting after just three cycles of the new approach. Increased cross-functional visibility improved coordination and accountability.  The workshop not only addressed immediate challenges, but uncovered further optimization opportunities, with the content used to cross-train staff and enhance awareness of interdependencies across functions.

[View full post](https://www.eliassen.com/case-studies/close-optimization-workshop-for-a-biotech-company)

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