In today’s business environment, change is a constant and appears at an unprecedented speed. The Office of Finance can no longer be siloed within the organization in terms of data, reporting, and meeting stakeholder expectations. Facing a growth of data that must be analyzed and attested to by stakeholders across the business, as well as additional risks driven by a variety of factors, Finance leaders need to ask “how can my team collaborate with my business partners to adapt to a more demanding business environment?” Simply put, Finance needs to be a more agile, collaborative and impactful business partner.
Without a well-designed process supported by the right technology, organizations will continue to expend a high degree of effort to "connect the dots" between Finance and the rest of the enterprise. Whether it be for manual tasks such as the collection and review of data, review of journal entries and supporting documentation, or creation of reports for routine close needs, Finance must capitalize on available technology solutions to digitally transform their processes.
To address these challenges, KPMG LLP (KPMG) has partnered with Trintech and ServiceNow to bring an integrated solution that supports financial and non-financial close needs. Together, we help Finance leaders transform their organizations to dramatically improve transparency, efficiency, and communication, both across Finance functions and other areas of the business.