As look ahead to 2021, it’s critical to use what we’ve learned this year to prepare for the year ahead. Here are our predictions for F&A organizations in 2021.
As companies start to immerse themselves in year-end processing and finance teams around the world begin to burn the midnight oil, thoughts will once again turn to why it all takes too long – and with good cause. Despite the...
In accounting, we are taught many things that are set in stone. Debits on the left and credits on the right. Assets equal liabilities plus owners’ equity. We are also taught that there are certain things that are considered “shoulds”...
Despite 82% of companies making substantial changes to their close, reporting and filing processes, 68% continue to report inadequate visibility and 84% say it is difficult to control the quality of financial data and other supporting information1. So as you...
According to Deloitte’s 2014 Global Survey on Reputation Risk “88% of executives say their companies are explicitly focusing on managing reputation risk.” Are you one of them? Do you know which particular “reputation risk” ranked the highest of all survey...
Despite the maturity of ERP solutions and the apparent breadth of Corporate Performance Management (CPM) suites, the market for financial systems is peppered with an increasing number of specialized applications designed to plug functionality gaps in core financial processes. In...
Protiviti’s latest annual Finance Priorities survey highlights a growing focus by respondents on the period-end close, consolidation and accounts reconciliation. Clearly, organizations are keen to improve in these areas. However, the growing number of systems that organizations now have in...
At our annual User Conference this morning, we made one of our biggest announcements yet—we unveiled a new platform to help our customers leverage what we believe is the latest and best accounting and finance technology. Our new Finance Controls...
Technology and globalization have accelerated at a rapid pace since the release of the original COSO Framework in 1992. To compensate for these rapid advancements, COSO has released an updated 2013 version of their integrated framework. The newly released COSO...
Driving momentum during an implementation is important. At the beginning, when an idea is fresh, the excitement is tangible and everyone wants to get started now. However, getting started immediately without a proper Project Management Plan is a risk that...
“People need to be reminded more often than they need to be instructed” — Samuel Johnson What follows isn’t new or revolutionary, but rather a reminder of a simple, yet valuable business tool: the Partner. Immediate access to knowledge is...
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