Corporate accounting has long been viewed as custodian and curator of financial data for Hospitality organizations. However, whether it’s bringing the data together or distributing the financial results broadly, the financial consolidation process has long been an onerous drudgery of information assembly, validation, and reporting. The consolidation process for many Hospitality accounting teams is sometimes…
Resilience and supply chain risk are increasingly important issues for financial institutions. Both clients and regulators expect firms to provide services without disruption, and, when disruption inevitably does occur, to recover promptly and minimize the impact on clients and the market. Financial institutions’ responsibility is to ensure services are resilient, both for processes and operations…
This report fnds that investment in the R2R process is patchy and uneven. The emphasis has been on the fnal mile of the reportng process, while the frst mile which includes the crucial data capture, data submission to the corporate center and control is lagging behind. 82% of fnance functons have made improvements to the…
Federal Reserve authorities are determined to fight inflation and are expecting higher interest rates for some time ahead until the inflation is within the target range of Federal Reserve, as discussed in the Fed’s December meeting. Federal Reserve policymakers at its December meeting raised interest rate by half a percentage point, and expressed the necessity…
