Real-time Close: Oxymoron or True Value?

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The buzz: “Unfortunately, financial information is a decaying asset. The longer it takes to prepare the statements the less valuable the information becomes” (Steve Rosvold). Financial reports are required to meet statutory and management mandates. Traditional “hard close” reports could only be produced after the end of the period. Good news: Technology now lets your Finance department run a financial consolidation on real-time transactional data. Or maybe it’s not good news. Our panel will debate the value of mid-month reporting. The experts speak. Jeff Hattendorf, Macrospect: “Truly successful decision-making relies on a balance between deliberate and instinctive thinking” (“Blink”, Malcolm Gladwell). Sam Parikh, Deloitte: “To innovate does not necessarily mean to expand; very often it means to simplify” (M. Russell Ballard). Stephanie Hudson Miller, SAP: “If winning isn't everything, why do they keep score?” (Vince Lombardi). Join us for Real-time Close: Oxymoron or True Value?

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