Why finance teams need closure on inefficient data practices
By Andrew Hayden, Senior Product Marketing Manager at Winshuttle
Finance and accounting professionals would, I’m sure, welcome solutions to make life easier when it comes to facilitating the monthly financial close process. For record to report (R2R) teams, the process entails collecting and processing large amounts of data to produce meaningful reports that the C-suite can use to understand how the business is performing and ensure compliance. Yet, systemic challenges such as slow manual data management, poor data quality and risky ungoverned processes are increasingly hindering the accuracy of this reporting task and are preventing strict deadlines from being met.