Information technology and software play an essential role in enhancing the capabilities of accountants and analysts, resulting in increased efficiency of their processes and work streams, and driving savings in cost and time.
Companies can invest significant resources in time and money to automate and streamline information processes through the use of data warehouses and consolidation applications. Pencil and paper were the common tools of the 20th Century, but computers, electronic worksheets, and online applications prevail today. Yet, too often report assembly and review processes remain largely manual.
Current manual report assembly and review processes can be enhanced through effective implementation of Disclosure Management applications which enable streamlining of current "Last Mile" manual report assembly and review processes. Companies can increase net benefits by gaining a clear understanding of common reporting process enhancements.