The Last Mile of Finance
The end of year accounting period encompasses additional particular demands for the Office of Finance. This year-end workload often has to be repeated for half-year results disclosure packs and possibly quarterly market and investor updates also.
Faced with particular requirements at the end of year, it's not surprising that the reporting process, both statutory and internal, can be a hugely complex affair. And the larger your organisation becomes, the more demands arise in order to satisfy accounting procedures, shareholders, and your own budgeting & forecasting for the coming year.
LSA's own experience from working with our clients has shown that the single biggest headache for the Office of Finance at this time of year is version control. Reporting the figures accurately is vital, and one of the biggest barriers to getting this right is to ensure that all the various documents from your organisation start from the same baseline, use the same formulas, and pick up the same detail.
