How Continuous Close Process can drive Financial Efficiency ?
Imagine the Energizer Bunny on a caffeine-fuelled marathon. That’s what it feels like for accounting and controllership teams during the month/quarter-end close. While mandatory for accurate reporting and compliance, this period is often a tedious slog filled with manual tasks but what if there was a way to short circuit the grind? This blog examines the close process, uncovering common bottlenecks and exploring innovative strategies […]
Data Reconciliation Challenges
Significance of Data Reconciliation in Finance and Accounting One of CFO team’s biggest responsibilities is creating a set of consolidated financial statements. Financials are the scoreboard for a company’s performance, and they need to be aggregated in a centralized place. This requires data to be pulled across multiple business lines, departments, product lines, currencies, and […]
Navigating Intercompany Reconciliation with Data & Analytics
The Crucial Role of Intercompany Reconciliation in Modern Finance In our discussions with Finance teams, Reconciliation comes on top of their mind, and we got requests from teams on how they can solve the Reconciliation challenges. As per a recent study, highly automated intercompany accounting process have 75% fewer full-time equivalent (FTE) staff and enterprises […]
