According to the Securities and Exchange Commission (SEC), more than 350 companies listed in the Fortune 500 still do not provide enough analysis in financial disclosure. While regulatory scrutiny of accounting practices is at an all-time high, corporate accountability and timely, detailed financial disclosure still evade most companies.
However, an increasing number of public companies are relying on software to help meet rapidly changing compliance requirements. Organizations using business performance management solutions, for example, are poised to not only comply with new requirements for improved accountability, visibility and confidence in financial reporting, but also operate more competitively.
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