In earlier posts, we’ve introduced you to a revolutionary solution for your CAFR process and how that solution can reduce risk for your organization. Now we’re going to explain how that solution, IBM Cognos Disclosure Management, can help you save resources by leveraging your most valuable asset: your people. Since most Comprehensive Annual Financial Reports […]
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 […]
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 […]
If budgeting spreadsheets are a pain in your neck, then you should take a look at Microsoft Forecaster. Forecaster software, with its templates and familiar spreadsheet style, is so simple that even non-techy and non-finance-y employees can use it to successfully plan and collaborate on budgets. Forecaster lives up to its name by easily allowing […]
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 […]
