As regulations become more complex and filing deadlines shrink, CFOs are faced with a dilemma: how can they deliver accurate financial reports while minimizing the costs and risks of delivering these reports?
CFOs need to mitigate several sources of financial reporting risk including risk of errors leading to restatements, risk of late filing, risk of insider leaks, and risk of non-compliance. Until recently, the only way to mitigate risk was to add headcount. But adding headcount doesn’t remove the inefficiencies and risks inherent with consolidating multiple spreadsheets, finding and correcting mistakes, managing compliance checklists, and coordinating the review and approvals process.
CFOs need a better solution, and nexDimension has it.
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