If finance is wielding blunt forecasting tools, whether for inventory cost or revenue, the whole picture can crack.
It’s safe to say that more automation means fewer control violations involving audits.
Very little has changed for many companies in terms of the size of the finance function.
It's important to complete forecasts with dispatch, but it's also crucial to expand your inputs beyond the sales pipeline.
Does internal audit adequately cover the scope of the audit plan and report findings in a timely way?
Regardless of company size, about half of finance teams’ time is spent on transaction processing.
While not all public companies have an internal audit function, the tide may soon be turning.
When companies fail to reimburse travel and entertainment expenses, it costs them — in more ways than one.
The number of budget iterations affects budgeting, planning, and forecasting.
Judged according to the cost of their finance functions, some companies may be wasting millions of revenue dollars on inefficient processes.