5 Fatal Flaws Killing Disclosure Management Processes
There are many ways to drive a business into the ground; erroneous disclosure is one way; producing hurried or manually generated disclosures are two more. It’s one thing to have unideal numbers – product sales didn’t quite make the cut or
projected forecasts fell short, succumbing to outside forces. But it’s another thing entirely when a finance team has exhausted its efforts on fruitless, manual tasks or when procedures have become a hazard more than a help.
Status quo disclosure is status quo because it barely scrapes by. Organizations who fit the “status quo disclosure” bill aspire only to pass regulatory requirements and avoid ﬁnes – but they also fail to recognize the strategic potential of financial reports as a means to communicate value bluntly to investors. These organizations have a Disclosure Management Cycle that is particularly susceptible to error. In fact, the effects of these poor processes may already permeate the reporting company’s financial reports.
Download this whitepaper to find out what the 5 fatal flaws are.