Financial Services Subledger Accounting
Driving the finance function to a lower common denominator
Despite investments in financial, management and risk accounting platforms, a number of challenges continue to plague even high-quality financial services institutions around the world. In attempting to solve for these challenges and accommodate demands from a broad set of stakeholders, many organizations have established data quality as their number one priority to address. Although, the new processes, tools and reporting abilities provide improvement, without clean, trusted and reconciled data, the chain breaks down and the value of strategic investments is limited.
Examples of how these challenges manifest themselves are outlined in this point of view. These challenges are forcing organizations to look at their underlying data and establish ways to increase its integrity, management and strategic value.
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