Achieving Proactive Continuous Accounting
April 17, 2018
“The concept of continuous accounting is all about getting access to financial data faster. One key concern with speeding up the financial close process is ensuring that you don’t sacrifice quality for speed.”
One key principle of continuous accounting is to use technology to distribute departmental workloads continuously across accounting periods. Modern financial management systems typically provide strong workflow, operational analytics, and rules to institute operational controls, and ensure that they can effectively be maintained in an environment of change.
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