Accelerating Financial Reporting and the Accounting Close
An applicable solution for companies in any industry.
Please join us to learn about a new solution brought to you by the creators of Hyland Software’s OnBase system. AFRM® is a stand alone solution that does not require a major project team for implementation.
In most accounting departments, month-end closing means lots of late nights and frantic employees tracking down data and pouring over lists and spreadsheets. But it doesn’t have to be that way. Over a period of 16 months, a financial reporting cycle was reduced from 10 days down to 5 days, and is still getting faster. At the same time, accuracy has been increased, and better visibility has been provided into each step of the closing process.
By focusing on the human side of the closing process, the solution helps people communicate better. This saves hours of waiting, searching, and double-checking before they can complete tasks. These results were achieved by using Accelerated Financial Reporting Management, a solution developed to deliver real-time management of processes, adapt to a company’s unique reporting and closing activities, and provide a management dashboard of the entire process.
Accelerated Financial Reporting Management implements rapidly and in an iterative manner. AFRM® provides a closing process dashboard, helping organizations evolve best practices and realize continuous improvement without disrupting the current close procedures. The solution provides a complete audit trail, supports SOX compliance and is a best-in-class solution. The solution is both efficient and effective, allowing your organization to have faster access to more comprehensive financial information for faster decision making.