If your firm is anything like hundreds of other companies, you have information stored in many different sources, including spreadsheets and multiple general ledgers. However, such an approach creates enormous headaches, and not just at year-end close. Read on to learn how enterprise performance management (EPM) software can make enterprise-wide planning and reporting more secure, consistent, and hassle-free.
Spreadsheets: Not So Splendid
There's a reason the business world relies upon spreadsheets. They can perform a variety of functions
In the final weeks and days of the year, while there is a keen focus on finishing up the year strong and closing the books, it is also important to plan for the new year. This includes finalizing the 2017 budget as well as considerations for upcoming regulatory changes. Pre-planning and preparation make it possible to close out 2016 strong and head into the
The staff were preparing, hunkered down at their desks;
While visions of New Year’s Eve danced in their heads;
And the controller in his sweater, and I in my vest,
Had just racked our brains for another year-end quest,
When out in the parking lot there arose such a clatter,
I sprang from my desk to see what was the matter.
Away to the window I flew like a kite,
With that comes rising stress levels for those in the accounting and finance profession, given all of the work that’s ahead. So what should accounting and finance executives be doing to get ready for the financial year-end and reduce some of that stress? Here are a few suggestions.
Finishing Up Strong
For those companies on a December 31st fiscal year, the last month of the year is a good chance to focus on maximizing revenue while managing costs and