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Making breakthrough improvements in closing the books: a six‐step system

Making breakthrough improvements in closing the books: a six‐step system Regulators and the investment community are demanding that closings become faster and more accurate. Most organizations are not equipped to meet these requirements, however. Many attempt to achieve them by investing more heavily in technology, but technology alone is not a panacea. In most cases this approach wastes valuable resources and compounds already existing inefficiencies. Instead, organizations must focus first on making breakthrough improvements in their processes and culture. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Handbook of Business Strategy Emerald Publishing

Making breakthrough improvements in closing the books: a six‐step system

Handbook of Business Strategy , Volume 5 (1): 6 – Dec 1, 2004

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Publisher
Emerald Publishing
Copyright
Copyright © 2004 Emerald Group Publishing Limited. All rights reserved.
ISSN
1077-5730
DOI
10.1108/10775730410493504
Publisher site
See Article on Publisher Site

Abstract

Regulators and the investment community are demanding that closings become faster and more accurate. Most organizations are not equipped to meet these requirements, however. Many attempt to achieve them by investing more heavily in technology, but technology alone is not a panacea. In most cases this approach wastes valuable resources and compounds already existing inefficiencies. Instead, organizations must focus first on making breakthrough improvements in their processes and culture.

Journal

Handbook of Business StrategyEmerald Publishing

Published: Dec 1, 2004

Keywords: Performance measures; Financial management; Business process re‐engineering

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