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Published on: November 14, 2011
Type of content: WHITE PAPER
Length: 8 pages
Many large companies around the world today that file their financial information with regulators or government authorities are under pressure to repair "the last mile of finance," which refers to the business processes and tasks that occur between clarification of the trial balance, the validation of data from discrete sources and the filing of 10-Ks, 10-Qs or other disclosure documents. This pressure for change is serving as a catalyst for some organizations to make long-needed process improvements.
Reporting speed and accuracy are table-stakes today. But it would be wrong to assume that you have to spend more to go faster and do a competent job.
How to get there? For some, the answer will be found in streamlining and automating the close-to-report process. For others, process re-design will prove to be a good start. In any event, it’s no longer acceptable to keep smart finance and accounting professionals weighed down by the manual, repetitive tasks found in traditional financial reporting processes. It’s more sensible to aim this valuable talent at strategic decision-support.
Read this brief white paper and learn:
- Examples of top performers and how they achieved their results
- The more common cause of poor performance
- How XBRL became a catalyst for change
- And more.
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