With trust eroding in today's climate, transparency around state and government operations never hurts. Yet how much extra effort does that require? Surprisingly little, with the right technology and standardized data.
Visionaries in state and local government are finding new ways to help elected leaders make data-driven decisions. See how connected data is powering real-time dashboards and financial reports that build confidence and transparency in the public sector.
At a conference of federal financial managers, a hot topic was taking a more customer-centric approach to what agencies do every day, from presenting data in more interactive ways to providing answers at any hour.
Once you have created a financial close process flowchart, you can use it to identify risks, opportunities, and the right technology for improving your process. Here is a checklist for evaluating which tools are right for your team.
Once you have built a flowchart of your month-end reporting process, the next step to simplifying it is to identify risks at each step. That will reveal improvement opportunities, some of which seem to come up over and over.
The Institute of Internal Auditors (IIA) recently released their 2019 North American Pulse of Internal Audit report. Check out this quick summary, and learn more about what trends are expected to impact the industry in years to come.