Ensuring Best Practices for Internal Controls and Financial Consolidation, Free Xtalks Webinar

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Part 3 of 5 in the series "Achieving the Modern Fast Close: Renewing your Close, Consolidate, Report Process for Performance Insight and Impact" is now available. The close, consolidate, report process does not operate on data alone. People and process are critical intersection points. Absolutely essential to data quality and process control, internal controls form the backbone of the closing cycle. Renewing the consolidation process requires organizations to evaluate, incorporate and improve as necessary their internal controls for financial data. We will discuss and review the opportunity at hand as organizations improve their internal control environments in conjunction with automating financial consolidations.

Xtalks and Cognos present a part 3 of the free webinar series: "Ensuring Best Practices for Internal Controls and Financial Consolidation," Part 3 of 5 in the series "Achieving the Modern Fast Close: Renewing your Close, Consolidate, Report Process for Performance Insight and Impact."

Register For The Series: http://www.topica.com/f/v.html?900102391.900065012. You will have full access to the archive of parts one and two when you register for the series. This event is provided to you on an entirely complimentary basis.

The close, consolidate, report process does not operate on data alone. People and process are critical intersection points. Absolutely essential to data quality and process control, internal controls form the backbone of the closing cycle. Renewing the consolidation process requires organizations to evaluate, incorporate and improve as necessary their internal controls for financial data. We will discuss and review the opportunity at hand as organizations improve their internal control environments in conjunction with automating financial consolidations.

To begin this Webinar, The Hackett Group will present a contrast between World-Class and Peer Group companies in terms of their control environment and ability to manage compliance activities associated with Sarbanes-Oxley. You'll be introduced to best practice usage (automation, standardization, integration), the volumes and types of controls implemented and the associated impact on the cost of compliance.

Then, Deloitte will review best practices for Transforming your Financial Consolidations with the Deloitte Close, Consolidate, Report (CCR) Performance Blueprint. The CCR performance blueprint is a roadmap that guides organizational design for internal controls and the close process. You will see how the Deloitte Close, Consolidate, Report Performance Blueprint:

  • identifies opportunities to strengthen controls and increase your confidence in the CCR cycle
  • identifies the specific process and application controls that support CCR compliance objectives as defined by the COSO framework
  • enables clients to design and implement the appropriate application and process controls while implementing the Cognos Controller solution with Deloitte.

About the Webinar Series:
It's five years since Sarbanes Oxley became law, and for many organizations the goal of relevant, accurate, timely, auditable, controlled financial information remains elusive and out of reach.
Surprising? Not when you look closely at the trends that prevent organizations from optimizing their financial consolidations:

  • The still-ubiquitous spreadsheet, preventing centralized management and process control.
  • First generation solutions, unable to support modern requirements.
  • A close process layered on by acquisitions, restructuring, and a host of source systems.

This series is a step-by-step discovery of the benefits of renewing the close, consolidate, report process. We will engage thought leaders, industry experts, and customers throughout. Whether you are already resolving your financial consolidation issues or just embarking on your journey, this Webinar series will bring you valuable information to help you each step of the way.

Register For The Series: http://www.topica.com/f/v.html?900102391.900065012
You will have full access to the archive of parts one and two when you register for the series. This event is provided to you on an entirely complimentary basis.

December 11th 2007 Part 3: Ensuring Best Practices For Internal Controls and Financial Consolidation

February 6th 2008 Part 4: Performance and Compliance - Combining To Deliver Financial and Operational Insight

March 4th 2008 Part 5: Looking Ahead - Leveraging Financial Consolidation and Enterprise Planning

About Cognos: Cognos is the world leader in business intelligence (BI) and performance management solutions. We provide world-class enterprise BI, planning and consolidation software and services to help companies plan, understand and manage financial and operational performance.

Cognos serves more than 23,000 customers in more than 135 countries. Our solutions and services are also available from more than 3,000 worldwide partners and resellers.

Additional information about Cognos is available at: http://www.cognos.com/compliance/index.html

About Xtalks: http://www.xtalks.com Xtalks brings industry experts to executives' desktops around the world in a web-based information network that provides insight into breaking business issues through interactive digital web conferences. Xtalks web conferences allow anyone with interest in a particular topic to participate in a web meeting by synchronizing their desktop computer and phone alongside industry experts. Xtalks is part of The Honeycomb Worldwide Group of Companies.

Honeycomb Worldwide creates peer-to-peer business-oriented social networking communities, connecting senior level executives by delivering content through new and established media channels. http://www.honeycombworldwide.com

For more information on this conference or Xtalks in general, or to inquire about speaking opportunities or sponsoring future events, visit http://www.xtalks.com or contact Caullyn D. Godfrey at 416-977-6555 x 374.

Register For The Series: http://www.topica.com/f/v.html?900102391.900065012
You will have full access to the archive of parts one and two when you register for the series. This event is provided to you on an entirely complimentary basis.

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