The Impact of Compliance on Finance Operations

Executives plan substantial changes in how finance departments control, manage, and automate key processes.

Financial Executive Benchmarking Panel - Compliance Edition

RevenueRecognition and International Data Corp. (IDC) conducted a survey of 118 business leaders in May 2004. The results show that financial executives understand the risks associated with manual accounting processes and that the majority plans to dramatically reduce their reliance on spreadsheet based accounting processes. That's in order to increase the reliability of key financial information and tighten up audit trails. Interestingly, even privately held organizations not bound by stringent government regulations, such as Sarbanes-Oxley consider this a major initiative in the next 12 months.

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