Financials Last Mile

Disclosure Management – an easy nut to crack

Finance automated most of the high volume tasks long ago. But too often it has ignored tackling the less frequent tasks done by higher level and hence highly paid staff. If you work out the time, effort and cost involved in some of these yearly or quarterly jobs, it’s a real eye opener. As an example, take the financial close where many steps are automated with the use of solutions like those for SAP, starting with the local entity close in SAP ERP Financials and going right through to the corporate close using SAP BusinessObjects solutions for enterprise performance management. However, once the books have been closed, the results still need to be published and this – the final mile of finance- is rarely automated.

Read the source article at CFOKnowledge

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