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For most companies the month or quarter end financial close process consumes an enormous amount of time and resources all designed to generate a "Report card" of their financial performance. The complexities of multi-GAAP reporting, especially for customers with multiple ERP systems, combined with management reporting requirements has made the month end reporting process an overly complex and cumbersome exercise. Finance organizations have always desired a faster and more efficient close, but the ever changing regulatory environment have made this goal very difficult to achieve.
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