Increase Efficiency of the Financial Close, Consolidation, and Compliance Processes. Improve Reliability of Financial Management and Reporting. Facilitate Conversion to IFRS.
Faced with multiple priorities including the oversight of financial transactions, management of enterprise performance, and attestation of financial reporting, many CFOs grapple with the issue of improving governance of their financial processes. The Office of Finance is seeking ways to increase efficiency in the management of the financial close and compliance processes, and introduce International Financial Reporting Standards (IFRS) to replace U.S. GAAP. When delivered as a comprehensive solution, Financial Governance can support CFOs in their efforts to build controls along the close cycle, achieve risk-adjusted insight with unified financial reporting and compliance analytics, and enhance the timeliness and quality of financial reporting.