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Thursday, July 28, 2005

Refreshing Financial Reporting and Consolidation

Our Financial Reporting and Consolidation Study found the investments companies have made over the past decade in business intelligence and reporting software have gone a long way to addressing the financial and managerial reporting requirements of the 1990s.

However, much is left to be done to make them responsive to 21st century needs. We conclude Global 2000 organizations must do far more to help manage performance across the enterprise, providing employees with a more comprehensive view of external world (e.g., competitors’ performance, market conditions) as well as more leading indicators to enable more forward-looking management.

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