Addressing Key Drivers of Manual Effort in the Financial Close & Reporting Cycle

Addressing the "Multiple Version" of the Truth Challenge: Finance Process Scalability and the "Circle of Distrust" in Financial ReportingMany  finance functions are finding that a significant amount of hours are spent every month on a group of inter-related activities that can be called the "circle of distrust."  We use this phrase, as concerns over the accuracy of the information, as well as the potential for "multiple versions of the truth" can cause this activity cycle to repeat itself within a given period, resulting in excessive handoffs, delays, and ultimately can lead to significant inefficiences and risk in financial reporting.