Research Perspective

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The Continuous Accounting Platform

Building Quality and Consistency into Finance and Accounting Processes

Choosing A Platform To Boost Data Quality

Ventana Research uses the term “continuous accounting” to describe an approach to managing the finance and accounting function to boost its performance. Using technology, departments can spread workloads continuously over a fiscal period to shorten the accounting close while reducing stress. Technology also enables departments to achieve greater control of processes and improve financial data quality by controlling accounting and other data that affects financial statements continuously from start to finish.

This kind of control is achieved through “straight-through processing,” which addresses the significant issue of uneven data quality and consistency in financial reporting processes by substantially reducing the need for checks or reconciliations to ensure accuracy. Often, the root cause of this issue is the use of spreadsheets or manual re- keying of data taken from one system into another.

 
 

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