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Blogs
May 17, 2013 | Posted by Guest Blogger
By special guest Anne Bothwell, Principal, KPMG LLP The financial close process can be difficult. But many companies endure far more pain than necessary. Smart companies have found inexpensive yet sustainable technology solutions. A relatively small investment in proven technology can, in fact, yield greater efficiencies in the close process, turning pain points into potential[...] Continue Reading >>
Posted in Certification | General Ledger Reconciliation, Financial Close | Integrated Solution, Record-to-Report | Financial Governance
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May 15, 2013 | Posted by Dave Taylor
It may seem obvious, but in order to bring about process improvement, an organization needs to set objective benchmarks against which progress, or the lack of it, can be measured. But many businesses are surprisingly reluctant to establish benchmarks. And then there is the thorny question of what sort of benchmarks are appropriate for the[...] Continue Reading >>
Posted in Completion | Financial Reporting | XBRL, Financial Close | Integrated Solution, Record-to-Report | Financial Governance
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May 9, 2013 | Posted by Dave Taylor
When setting about refining the Record-to-Report (R2R) process the task can seem overwhelming at first. But recent research shows that tackling only segments of the R2R process is a false economy (The Challenges of Corporate Financial Reporting – Accenture 2012). After all, the R2R process can only work at the pace of the slowest sub-process[...] Continue Reading >>
Posted in Certification | General Ledger Reconciliation, Completion | Financial Reporting | XBRL, Compliance | Governance Solution, Financial Close | Integrated Solution, Journal Entry | Integrated Solution, Record-to-Report | Financial Governance
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April 30, 2013 | Posted by Dave Taylor
Earlier this week I stumbled across some research carried out in 2009 (“The Intelligent Enterprise” Economic Intelligence Unit), which showed, how the speed of business decision making is accelerating and becoming more centralized as senior management take charge of their organization’s destiny in the face of mounting economic pressure. Regulators are also demanding information more[...] Continue Reading >>
Posted in Record-to-Report | Financial Governance
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April 23, 2013 | Posted by Wayne Snell
Recent research shows there are many reasons but first and foremost is: REDUCE COSTS The cost of finance is increasing due to the regulatory mandates that are being put in place globally, not just in the SEC filing space (see our XBRL International Blog post by Rob Blake following last week’s XBRL International conference in[...] Continue Reading >>
Posted in Completion | Financial Reporting | XBRL, Financial Close | Integrated Solution, Record-to-Report | Financial Governance
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April 22, 2013 | Posted by Rob Blake
The 26th XBRL International Conference in Dublin wrapped up last week and served as a great basis for getting updates on a number of XBRL-related fronts. Attended by over 300 people, the event covered XBRL topics ranging from assurance and the latest in iXBRL to digital dashboards and EU super-national collaboration. In terms of putting[...] Continue Reading >>
Posted in Completion | Financial Reporting | XBRL, Record-to-Report | Financial Governance
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April 4, 2013 | Posted by Rob Blake
In conjunction with last week’s SEC release of the DRAFT version of EDGAR Filer Manual (EFM) Volume II Version 23, various media outlets reported that RoboCop was spotted at DC’s Union Station downloading this latest release. I mean, who can blame him, right? With his RoboReboot at the movies not scheduled until 2014, what’s a[...] Continue Reading >>
Posted in Completion | Financial Reporting | XBRL
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March 14, 2013 | Posted by Rob Blake
The current state of XBRL in the U.S. reminds me a bit of the early days of the railroad industry. Much like the 1840′s and 1850′s saw the local and quasi-regional build-up of train infrastructure, broad-base use of XBRL is pretty localized within the U.S. to the Securities and Exchange Commission (SEC) and Federal Deposit[...] Continue Reading >>
Posted in Completion | Financial Reporting | XBRL
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February 14, 2013 | Posted by Rob Blake
Valentine’s Day and RoboCop… They go together like bangers and mash… like fried peanut butter and jelly (trust me, to die for)… like XBRL and fraud detection. Okay, that statement may be a bit of a stretch, but maybe not according to a Financial Times article today: “SEC to roll out ‘RoboCop’ against fraud.” XBRL and[...] Continue Reading >>
Posted in Completion | Financial Reporting | XBRL
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January 29, 2013 | Posted by Wayne Snell
Recent findings by the Hackett Group in its 2013 Key Issues Study suggests that operating margin takes precedence over revenue growth in leading Global 1000 corporations this year. To accomplish this, Hackett claims that business support services organizations must increase operational agility and flexibility in order to reduce costs and achieve margin goals. The report[...] Continue Reading >>
Posted in Record-to-Report | Financial Governance
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