Accuracy and timeliness are requirements of all financial business processes. The following are key business processes in every accounting and financial reporting organization.
- Revenue Recognition
- Closing, Month -End to Report Distribution
- Internal Control, from documentation to assessment
- Compliance, from documentation to reporting
- Growth Planning, from Idea to Execution
Financial processes that are manually intensive, rely heavily on MS Excel spreadsheets and lack effective internal controls have a high risk of error and are subject to excessive cycle times.
Enhancing financial processes encompasses the reduction of manual and non-value added tasks, the implementation of key internal controls, and the effective use of technology for real time monitoring of internal controls and output timeliness.
|
|
