We can’t rely on spreadsheets to be the backbone of our processes. If you’re doing that, it could be looked at as negligent on how you’re managing the process, just based on all the new variables that are in there. And I think it really will force people over to make that change – adapt to the most modern things, just like you will for your own personal use on your phone or smart TVs. Do that for your business, do that for your Record to Report process, and make the change. And again, I’m not saying get rid of spreadsheets, but it shouldn’t be your enterprise system. – Mike Rost, Workiva
Today’s close environment has never been more complex due to more data, more regulations, shorter deadlines and a remote environment. In addition, financial reporting is rapidly evolving as organizations look to further streamline their finance function through transformation initiatives and maximize their investments in technologies.
During this webinar, Trintech, Workiva & KPMG discuss:
- The challenges and impacts to month-end close and reporting processes for SEC, ESEF, and other statutory reporting resulting from remote-based F&A organizations
- How a System of Controls increases the visibility to identify bottlenecks throughout the R2R process to increase your efficiency and effectiveness while reducing your cost and risk
- Experiences from companies reporting their first quarterly results virtually and impact to audit risk
- How Trintech and Workiva’s connected reporting platform gives you greater confidence and control across your financial reporting process