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The convergence of stricter financial regulations and a challenging global economic environment is forcing large companies to do more with fewer resources as they seek to accurately report their financials. To ease the burden on existing employees and ensure more accurate and controlled reporting, leading companies are adopting automated solutions to document, execute, monitor and report on the financial close. Those companies that leverage Financial Close solutions reduce their financial reporting costs while increasing confidence among their investors, customers, employees and business partners. Today, the most used Financial Close solutions focus on extracting and reporting on the data that reside within SAP ERP systems.
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