You don't have to settle for "better" when what you really want is "best in class." Bring a mindset of continuous improvement to the financial close reporting process.
Change can be scary. Make it more palatable for your team by developing an action plan, testing new procedures, and fine-tuning based on their feedback.
Two team members from Crane Co. share their experience with Workiva and how technology has helped them remain confident in the internal audit work they do.
How can internal audit professionals ensure career path growth and success in the field? Master these nine skills to keep pace with automation and the changing landscape of work.
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.
A process map or flowchart can help teams pinpoint what parts of the close process need improvement. Read how to build a process flowchart for your financial close, step by step.
Outsourcing once seemed like the only way to handle the complex XBRL tagging process. See why companies are now bringing tagging in-house.
Creating prospectus and shareholder reports has long been a challenging and complex process. The good news is there are new ways to solve those challenges while reducing risk and costs along the way.
The May 2019 outage of Wolters Kluwer software affords some important lessons for accounting, risk, and compliance teams. See what one cybersecurity expert at Workiva has to say. Read this important blog now.