Remove accelerate-compliance-auditability-financial-reporting
article thumbnail

Accelerate Time-to-Compliance & Auditability in Financial Reporting

Dataiku

“Where’d you get this number?” is a common and often dreaded question for an analyst on a finance team. Someone has the answer, but tracking down where that file is saved is a long and arduous process of searching spreadsheet files, sending messages, and ultimately spending hours finding what’s needed.

article thumbnail

Process mining helps IT leaders modernize business operations

CIO Business Intelligence

To address the problem, the Legislative Office of Fiscal Transparency and the state governor tasked OMES with increasing oversight of state purchasing to maintain proper compliance with state laws and regulations. One of our key directives was to audit procurement for all state agencies by the end of the calendar year 2023,” McIntosh says. “To

IT 123
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Navigating the Digital Operational Resilience Act

Cloudera

But in many – if not most )– cases the underlying need for regulations outweighs the burden of compliance. In the financial sector, regulations are essential for financial institutions to maintain stability by preventing excessive risk-taking, ensuring adequate capitalization and reducing the likelihood of failures or financial crises.

article thumbnail

Top 5 Data-Driven Lease Accounting Software Solutions

Smart Data Collective

They are also using more advanced data analytics tools to make more meaningful insights into the nature of their clients’ financial matters. A vague, cluttered approach to it — especially in terms of the ASC 842 standards — only invites costly accounting mistakes and poor audit trails. Image source: Trullion.

article thumbnail

Accelerate hybrid cloud transformation through IBM Cloud for Financial Service Validation Program

IBM Big Data Hub

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Why a FS Cloud and FS Validation Program?

article thumbnail

What is Account Reconciliation?

Jet Global

According to the generally accepted accounting principles (GAAP), a set of accounting principles, procedures, and standards that organizations use to compile their financial statements, account reconciliation provides accuracy and consistency in financial accounts. Reconciliation is also crucial for effective cash management.

article thumbnail

The path to embedded sustainability

IBM Big Data Hub

Businesses seeking to accelerate sustainability initiatives must take an integrated approach that brings together all business and technology functions. As we have seen with any sort of external reporting liabilities, this type of accountability does drive action. It is not managed by a single department in a silo.