Over the past 30 years, all businesses have gone through an era of digital transformation. The move from paper to digital has resulted in a massive increase in the amount of valuable data captured and stored. By 2025 it is estimated that there will be 175 zettabytes...
Much has been spoken in recent years of ‘fast close’ as if speed is the only consideration and we are not about to change that. However, there are other aspects to a financial close to consider other than speed, namely quality and risk aversion. It is true a fast...
Account Reconciliation is a key control step to ensure the completeness and accuracy of all financial statements. It should be a straightforward part of your close, but that is not always the case. With a manual process, discrepancies may occur when reconciling. These...