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.
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.
Teams say one reason they choose our connected reporting and compliance solutions is the ease of use and ability to control access to their data and documents, with minimal involvement from IT.
If ESMA ESEF and its related taxonomy seems daunting, read this blog post for answers to frequently asked questions (FAQs) about the ESEF taxonomy.
Dive into results from the FSN Innovation in the Finance Function survey, including three benefits of financial transformation.
Modernise your organisation's reporting and compliance by connecting data from multiple sources. Workiva software integration makes it easy.