The last mile of finance: what is it, and what is so hard about it? Like the last mile of a marathon, the last mile of finance may be the most difficult to complete. The last mile of finance is generally described as the activities that occur after closing the books and generating a trial balance. This process typically involves the capture and consolidation of financial data, adjusting entries and complex consolidation, and the preparation and filing of financial statements, including 10-Ks, 10-Qs, and other regulatory filings.
This white paper highlights how forward-thinking organizations integrate the leading cloud platforms provided by Host Analytics and Workiva to streamline the last mile of finance. It examines best practices for improving the accuracy and timeliness of financial reporting while reducing the cost of compliance and freeing up finance to perform value-added analysis.