Telecom assets are a special class of IT assets that require an accurate inventory for effective financial management. Enterprises should consider the benefits of establishing a "single version of the truth" that comes from linking management of IT and telecom assets with their other systems and processes. An accurate inventory is critical for effective financial management. Managers need accurate information that supports their business decisions.
According to the report, Benchmarking the Accounting Function 2015, only 56% of companies currently use automation to reconcile accounts. While many finance leaders want to change the process of reconciliation, the task can seem overwhelming.
However, developing a plan does not have to be complicated or time-consuming – and the benefits far outweigh the risks. A smooth, stress-free financial close adds qualitative value to the company by freeing employees to focus on strategic initiatives and ways to grow business.
A CFO’s Guide to Transforming the Financial Close shares how to build a center of excellence to streamline reconciliation so you can align objectives to overall business goals. Leading-edge automation tools can stop the madness of shuffling papers, sorting emails and searching spreadsheets, turning the reconciliation process from a cost center to a value-add for the company.
Ready or not, the future is here.
For enterprise organizations, it must be a data-driven one.
Whoever can use technology to transform the customer experience, and be the
first to discover and deliver on new business models, will be the disruptor. Those
who can’t, the disrupted in this period known as the “era of Digital Darwinism.”
The future belongs to the Intelligent Enterprise which anticipates constantly
evolving regulatory, technological, market, and competitive challenges
and turns them into opportunity and profit. It delivers a single version
of the truth and agility. It connects to any data and distributes reports to
thousands. The Intelligent Enterprise goes beyond business intelligence,
delivering transformative insight to every user, constituent and partner.
Are most organizations there yet?
As brands hone and focus their 2020 (and even 2030) vision, MicroStrategy
has surveyed 500 enterprise analytics professionals on the state of their
organization’s analytics initiatives.