Runbook - White Papers

Fast Track your Financial Close

The convergence of stricter financial regulations and a challenging global economic environment is forcing large companies to do more with fewer resources as they seek to accurately report their financials. To ease the burden on existing employees and ensure more accurate and controlled reporting, leading companies are adopting automated solutions to document, execute, monitor and report on the financial close.

This paper will describe the business and technology drivers behind Financial Close solutions for SAP ERP. It will also describe best practices for improving the financial close process through automated solutions.

Automating the Financial Close: Streamlining the Financial Process

by Gary Simon, www.fsn.co.uk

Financial processes across the globe are in a constant state of flux. New accounting standards and regulatory requirements at a local and international level mean that the corporate reporting landscape is continuously changing. In fact the pace of change is accelerating, with Global 2,000 companies facing more challenges in the first decade of the 21^st century than in the whole of the previous two decades.

How does a company increase the dependability of reporting and satisfy the demand for faster information and auditability against the backcloth of increasing reporting complexity? 

The answer lies in increased process automation.