Disclosure management is one of the most important responsibilities in an organization. Sadly, many finance organizations struggle with time-consuming, manual documents that are prone to mistakes, like: Incorrect formatting Incompatible output types Rounding mistakes Footing errors Lost audit trails These mistakes, even the seemingly small ones, can snowball into glaring errors that are difficult to […]
If you are responsible for or participating in the production of your state or municipal government’s CAFR, you may have spent the past few months preparing. Most organizations responsible for the CAFR spend the months of August through November diligently producing, auditing, and editing all the information necessary for the report, which, when printed, can […]
With all the talk about big data that has swirled around lately, it’s about time that the conversation turned to assigning leaders to data quality and data governance. So does your organization need a Chief Data Officer (CDO) to lead the way? You might wonder why a Chief Data Officer could benefit your organization, especially […]
The internal audit process is one of the most critical activities in an organization. Managing risk and ensuring regulatory compliance is incredibly demanding. More and more, the process requires experienced, knowledgeable leaders to direct compliance efforts while ensuring peak efficiency. So we were interested to see CEB, a member-based advisory company that provides advisory services […]
In recent years, the depth and breadth of demands made on the office of Finance have increased exponentially, and most organizations are not equipped to manage them. Did you know: Nearly 50% of Finance’s time is spent on transactional activities Over 35% of enterprises lack a common financial reporting platform Nearly 40% of enterprises produce […]
Microsoft FRx has been around the block a few times. This financial reporting and analysis software sprung out of its namesake, FRx Software Corporation, way back in 1991. Just to put that birthday in perspective, here are a few other things that happened in 1991: After the Internet became available for unrestricted commercial use, the […]
Microsoft has announced that all support for Windows XP will end on April 8, 2014. If you’re still running this version after support officially ceases and desists, you won’t receive technical support or important security updates for your Windows software. Since Windows XP is the second most common version of the Windows operation system, you stand […]
A recent survey from the American Institute of CPAs (AICPA) and Chartered Professional Accountants of Canada (CPA Canada) shows that managing and retaining data tops the list of technology priorities for North American accounting firms. Lately we’ve seen exponential increases in both the volume and the complexity of information in the accounting industry. As volume […]
Accounting Web posted an excellent article today highlighting the fact that “nearly two-thirds of finance departments in US companies and one-half in Canadian companies are still using a manual accounting system.” Accounting Web learned this surprising tidbit from the recently published fourth annual report from the Financial Executives Research Foundation (FERF) and Robert Half, Benchmarking […]
A report issued by the U.S. Postal Service Office of Inspector General has concluded, through a series of thorough audits, that the USPS suffers from a bad case of poor data governance. Like many public sector entities, the USPS is struggling along with the national economy. Yet as one of the largest IT infrastructures in […]
