This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Global > United States > Services > Audit & Enterprise Risk Services > Finance Operations and Controls Transformation > Finance Transformation > Governing the Last Mile of Finance

Global site selector

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.

More Featured insights

Balance sheet integrity | The Utopian close: Creating a low risk, highly effective financial close
Reconciliations are a key control over the quality of financial reporting. The “Utopian Close” is a financial close that is both effective and efficient. Can this Utopia become reality?
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.
Take a quick look: Cloud adoption across the enterprise
Finance: A steward and strategist in the cloud — Finance can help organizations understand financial risk and the total cost of cloud adoption to support the business case for transitioning to cloud services.
Deloitte Insights video: The last mile of finance
In this episode, learn how finance professionals are employing new technologies and innovative approaches to tackle traditional financial reporting issues.
Press release: Deloitte and BlackLine Systems finalize strategic alliance
This alliance supports a holistic view of people, processes, and technology working together to help improve efficiency, governance, and the quality of financial reporting.
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.

More Dig deeper

Finance Transformation
Solving the challenges of today’s finance organizations.
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.
Leases: Lease accounting convergence brings a new view
IASB and the FASB have decided to re-expose the proposed lease accounting model.