For decades, the book closing cycles of businesses have been dictated by local statutory regulations differing across regions, and burdensome processes that evolved out of the paper era.
But with the advent of powerful analytics and particularly Blockchain technology, the finance function will inevitably move to a continuous accounting cycle and consequently from periodic reporting to live reporting.
Thus, not too far from now, just the click of a button would give instant visibility into the financial statements and position of any organization.
In sum, Finance.NXT will behave very differently from how it does now. Read our whitepapers to discover more about the finance function getting onto the fast lane.
How process optimization through automation and process reengineering led to a holistic view of operations
Find out more about Finance.NXT and how we can help your organization.
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