Standardizing Processes
38 blogs found
What is a Journal Entry?
A journal entry is a record of a business transaction. A company’s accounting system is built on countless journal entries,...
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A Risk-Based Approach to Balance Sheet Reconciliations for Global Organizations
What goes through your mind when you certify the balance sheet? Most likely there are two points that you think...
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How AI Helps Solve Challenges Facing Finance and Accounting Teams Today
We’ve all heard the adage: in times of uncertainty, focus on the necessities (bottled water and batteries, anyone?). Finance and...
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Understanding the Fundamentals of AI (and Why it Matters for Finance & Accounting Teams)
From stalling growth projections to widening talent gaps and geopolitical tensions, businesses are navigating through unprecedented challenges. Finance and accounting...
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The Future of AI and Transaction Matching: Leadership Through Risk Identification
The adage ‘the devil is in the details’ holds particularly true when it comes to your financial close and the...
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General Ledger Reconciliation: Simplified from Start to Finish
The general ledger reconciliation process can be one of the most complicated processes of the financial close and is often...
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7 Best Practices for a Quicker and More Accurate Accounting Month-End Close
Any organization should be able to produce accurate and timely financial statements in a reasonable amount of time after the...
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2024: The Year of Opportunity and Disruption for Finance
Written By: Bill Marchionni, Account-to-Report Advisory Global Program Leader, The Hackett Group The Hackett Group’s® 2024 Finance Key Issues Study...
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What is Financial Reconciliation?
Financial reconciliation involves comparing two different data sets to verify the integrity and accuracy of the data contained therein. Financial...
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Cadency Tip of the Month: Bulk vs Dynamic Account Maintenance
The implementation of Cadency is the first step in improving your processes, but full utilization of its capabilities is what...
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Year-End Close: The Big Test. The Proving Ground.
Bill Marchionni, Account-to-Report Advisory Global Program Leader, The Hackett Group Year-End Close: It All Must Come Together. It all must...
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The Risks of Manual Account Reconciliations in the Banking Industry
Risk management in the banking industry is constantly evolving; the continuous updates and regulations that emerge over just a short...
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