- October 22, 2012
- Member: FREE
A common theme among senior finance executives and subject matter experts regarding the close-to-disclose process has emerged. Many large organizations, particularly those that have significantly grown globally over the past decade, could stand to improve in one or all of the following four areas:
- Take less time to gather and process financial data.
- Use automation to boost process effectiveness.
- Identify the root causes of accounting and reporting errors and reduce the risk of restatements.
- Strengthen alignment between the data used for regulatory reporting and the data used for planning and resource allocation by internal profit-and-loss owners.
For more information on the last mile of finance, see APQC's white paper Fortifying the Close-to-Disclose Process.