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Increasing Efficiency and Internal Control by Automating the Financial Close

Published 05 January 2010 | By SmartStream

This paper examines the problems traditionally encountered in the financial close and uncovers the reasons behind late filings, out-of-date management information and earnings restatements. It addresses ways to automate one of the few remaining manual processes still carried out by the corporate finance team: the process of reconciling and reviewing account balances and transactions at the end of a financial period.

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Increasing Efficiency and Internal Control by Automating the Financial Close