While the business world spins faster and faster, the pace at which companies close their books at the end of the month or quarter has slowed, according to a recent survey by Ventana Research.

Just 49% of companies say they manage to close their books within five to six business days after the end of the month, down from 58% that closed in that time frame according to a 2007 Ventana survey. And only 38% of the companies close their books within five to six days at the end of the quarter, down from 47% in 2007.

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