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  • Organizations that invest in optimizing their accounting processes greatly improve the accuracy, timeliness, and visibility of data—the first step to optimizing processes is by documenting them with a process map
  • A process map is a step-by-step visual representation of a process that lists the people involved, systems and tools used, interactions, and schedules
  • This customizable slide deck can be used to build your own process map that documents how it works and where you can improve
  • Preparing income statements and balance sheets is relentless, requiring you to pull crucial data from umpteen different ledgers, as well as multiple offline inputs
  • All other reports, presentations, and downstream analysis rely on the monthly income statement and balance sheet, so time is of the essence
  • You can simplify your income statements and balance sheets by connecting data directly from your systems to your statements with Workiva
  • FP&A organizations and business analysts need to focus on expanding the palette of information available to executives and managers
  • Combining operational and financial data enables more useful performance measures and management reporting—but having all the data available is an issue
  • Workiva creates the central source of trusted data that finance needs for analysis and reporting, and chains takes the Workiva platform to the next step by automating rote processes for collecting and updating data

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