Event Background
Financial Close & Reporting (FCR) is a time consuming, resource intensive process that has critical control implications for business decisions and regulatory reporting. In addition, the need to close faster and report results more accurately is imperative for today's enterprises to avoid costly and embarrassing restatements. This is driving the need for new and better ways to manage these financial processes. Traditionally this has been a manual process maintaining and tracking hundreds, if not thousands, of spreadsheets and other documents in an uncontrolled environment that is error prone and labor intensive. The problem is how not only to increase the speed of closing and reconciliation, but also improve the quality, accountability, audit ability, efficiency, and regulatory compliance. The extended financial close process spans multiple systems and departments and can consume a lot of time and resources. While an average company takes 12 business days to close the books and deliver financial results, world-class companies can complete the process in six days or less. The challenges to achieving a world-class close include both external forces, such as regulatory requirements, and internal pressures, such as the need for accuracy and cost containment.

This forum will address:

• Communication & Collaboration for successful financial close
• Plan and execute a successful financial close
• Overcome Data Quality issues
• Implement a tax control framework
• Improving financial reporting timescales
• Overcome complex regulatory compliances
• Apply Internal controls to address risks associated with the financial reporting & Closing
• Implement strategies for accelerating closings and mitigating financial and legal exposure
• Mitigate risk in financial closing
• Successfully integrate GRC

Target  Audience :
CEO’s, CFO’s, Non- Executive Directors, Directors, Controllers, VP’s, GM’s, Managers.

Departments :
Finance, Taxation Treasury, Audits, Compliance, Legal, Corporate Governance, Corporate Affairs, IT

Event Highlight.
Case Studies, Panel Discussions, Speakers from cross section of industry.