Benchmarking Financial Reporting Reconciliations 
CFO Talks
OCTOBER 3, 2024
Regular Reconciliations : Perform surprise cash counts and inventory checks and reconcile sales and deposit records frequently. Pressure from Management : Pay attention to any undue pressure from management to meet financial targets, which may lead to unethical adjustments or misreporting. Investigate any discrepancies promptly.
CFO Leadership
OCTOBER 10, 2023
Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting.
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Planful
DECEMBER 28, 2016
To discuss the topic of financial reporting tips that will help create a smoother year-end close, Planful, in cooperation with CFO.com, invited thought leaders from The Hackett Group to participate in a webinar titled, The CFO Playbook on Financial Reporting: Tips for a Smoother Year-End Close.
Planful
AUGUST 1, 2017
According to a 2014 study by APQC benchmarking the financial close process, the bottom performers took 12 days or more to close and report their results to management. Then there’s additional time spent on external financial reporting and filings. Intercompany reconciliations. Multi-GAAP reporting (i.e.,
Planful
OCTOBER 5, 2021
Manual processes have too long been the norm for managing the month-end close, whether it’s for entering and consolidating data, creating reports, or performing reconciliation. Within a short time, they were able to cut down on financial reporting times by 80%. Find out more about the PS Logistics journey here.
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