The group (corporate) financial reporting process has been in a constant state of flux since the introduction of the Sarbanes Oxley Act in 2002. Regulation and compliance have been in the ‘driving seat’, stretching the breadth of reporting, accelerating reporting deadlines, introducing new information requirements and ushering in a new era of electronic filing based on the global XBRL standard. But the greatest impact has been on the final throes of the financial reporting supply chain – the so called ‘final mile’ – loosely defined as the stage between the final group consolidation and the presentation of the fully adjusted results and disclosures to internal and external stakeholders. This white paper provides guidance on how to integrate the key process steps within the final mile and, secondly, how to integrate the final mile with the earlier pre-consolidation phase of the reporting cycle so that the benefits of data quality, enhanced control, process visibility, speed and productivity flow seamlessly through the reporting supply chain – from start to finish.

https://vshow.on24.com/vshow/oavbc/content/328341

Enterprise Performance Management

White Paper