A Strategic and Practical Approach to Optimizing Financial Reporting in an Increasingly Dynamic World
New white paper available from Hyland Software and Silicon Valley Accountants.
Excerpt:
Companies that can redirect resources currently devoted to the close toward more value-generating activities can gain a significant competitive advantage. With a more efficient close, finance departments can move away from their traditional “score keeper” role into a forwardlooking, strategic, business intelligence function. The best way to give finance departments the bandwidth to take on this new function is by optimizing the close, making that process significantly more efficient.
The optimized financial close is ultimately achieved through a comprehensive approach that encompasses: (i)a continuous improvement methodology; (ii) best practices adjusted to suit your company; (iii) applied technology; and (iv) a set of focused resources and strategies to start and sustain the change effort
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Companies that can redirect resources currently devoted to the close toward more value-generating activities can gain a significant competitive advantage. With a more efficient close, finance departments can move away from their traditional “score keeper” role into a forwardlooking, strategic, business intelligence function. The best way to give finance departments the bandwidth to take on this new function is by optimizing the close, making that process significantly more efficient.