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The Last Mile of Finance

Strategically transforming financial governance

The Last Mile

We understand companies face many challenges with the financial close and reporting process. The Last Mile of Finance covers the processes and activities in between the trial balance and a company's 10K. This can be a problematic area for some organizations. The management reporting and governance issues — including financial and internal control failures — often occur in the last mile of finance. These factors result not only in significant inefficiencies, but also financial errors and internal control failures.

Our experience indicates that companies need to adopt a holistic approach to last mile of finance. The strategy involves a road map for improvement to address the process, the policy, the people, and the technology issues, and how they successfully work together to improve the efficiency, governance, and quality of your financial reporting and close.

Featured insights

  • WSJ - CIO Journal: Automating the “Last Mile of Finance”
    Kyle Cheney outlines how software may help companies improve their financial close and reporting cycles in an article in the CIO Journal from The Wall Street Journal.
  • Navigating the rocks of finance
    An effective and efficient approach to avoiding accounting wrecks instead of fixing problems after they happen.
  • Ready for the IPO spotlight?
    The market for initial public offerings (IPOs) can be volatile. Favorable conditions for taking a company public can vanish as quickly as they arise.
  • 2011 Q4 global CFO signals: Turbulent times
    Deloitte's Global CFO Signals provides highlights of recent CFO survey results from Deloitte Touche Tohmatsu Limited member firms. Find out how the surveyed CFOs are reacting to all of the uncertainty.

More Dig deeper

  • Finance Transformation
    Solving the challenges of today’s finance organizations.
  • The utopian close
    Kyle Cheney, partner, Deloitte & Touche LLP, is featured in this article from AFP Exchange which talks about new research in the close-to-disclose process.
  • Stuck in 'last mile of finance,' CFOs improve things by automating them
    John Gimpert, partner and national leader, Deloitte & Touche LLP and Beth Kaplan, director, Deloitte & Touche LLP share their insights on the last mile of finance in ComputerWorld.
  • Why the 'virtual close' virtually died
    Beth Kaplan, director, Deloitte & Touche LLP discusses the financial close process in an article in CFOWorld.
  • Controller resources
    Insights for Controllers.

Watch, listen and learn

  • The utopian close: Take cost and risk out of financial reporting
    Replay link: February 20 APQC webinar.
  • Revenue recognition webinar for technology companies
    Replay link: December 13 webcast.
  • Revenue recognition webinar for manufacturing companies
    Replay link: December 7 webcast.
  • Balance sheet integrity in the last mile of finance
    Replay: October 3 Dbriefs webcast.

Meet our people

  • Meet John Gimpert
    Partner and National Leader, Finance Transformation, Advisory Services, Deloitte & Touche LLP

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