Capitalize on the Virtual Close

Roth, Richard T.
January 2000
Financial Executive;Jan/Feb2000, Vol. 16 Issue 1, p45
Academic Journal
This article describes how information technology is altering the business environment of every industry, specifically as they relate to the close of accounting books. Known as the virtual close, some companies are utilizing this instantaneous access to information to their advantage. The best companies close their books in a single day, the same goes for producing and distributing reports. These companies are using automated reporting systems to put financial data instantly into metrics specifically designed to each manager.


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