Mondial on LinkedIn: What is Data Residency? How can it help Financial Reporting? Read it… (2024)

Blow by Blow: How the Enduring Appeal of Spreadsheets can lead to costly errors.Read it here: https://lnkd.in/dxZeveQD

1

Read it here: https://lnkd.in/d2PCN-GU

1

#SOC1 and #SOC2 reports are essential tools for service organizations to demonstrate the effectiveness of their internal controls and data security practices.1. What are SOC 1 and SOC 2 reports, and why are they important for service organizations?2. What is the primary focus of SOC 1 reports?3. What range of controls do SOC 2 reports cover?4. Why is it important for organizations to understand the differences between SOC 1 and SOC 2 reports?5. How do SOC 1 and SOC 2 reports help organizations maintain trust with their clients and stakeholders?6. In what ways can understanding SOC 1 and SOC 2 reports aid organizations in making informed decisions about compliance?Read all about it in the comments below.#SOC1 #SOC2 #financialreporting #compliancereporting #controls

3

1 Comment

Meet the Godfather of Financial Reporting Software!Microsoft FRX trailblazed the way for Financial Reporting to where it is today. As you may recall, Microsoft FRx was a financial reporting and analysis software designed to help organizations streamline their financial close processes and improve decision-making through enhanced reporting capabilities.Read our piece of nostalgia here: https://lnkd.in/dV98p6Xb #throwbacktech #microsoft #frx #Financeandaccounting #CFO

3

"Despite it's limitations, we still continue to use it".Find out why companies are still using spreadsheets for financial reporting and consolidations here: https://lnkd.in/djfUT9WE#spreadsheet #financialreporting #consolidations #accounting

6

You don't get to do this everyday.The gentlemen behind Mondial at this year's @Accountex London 2024!@Accountex London 2024, held the other day May 15-16 at ExCeL London, provided several key takeaways for us:1. Networking and Professional Growth:The event attracted over 10,000 accountancy and finance professionals, offering extensive networking opportunities with peers, suppliers, and industry leaders. 2. Educational Opportunities:Attendees could earn up to 16 CPD hours through a comprehensive education program featuring over 250 sessions across 13 theatres. Topics included AI, AML, outsourcing, branding, and Companies House reform. The seminars were designed to be practical and immediately applicable, helping professionals enhance their skills and knowledge.3. Exhibitions and Product Demos:The expo featured software demos from over 295 major fintech brands and startups, allowing attendees to explore the latest tools and technologies in the accounting industry. Mondial showcased how companies can achieve precise and transparent financial reporting at a flick of the switch.We also saw companies like FreeAgent, Intuit QuickBooks Company, @IRIS, Sage, TaxCalc, Wolters Kluwer, and Xero showcased their products, alongside emerging brands like NORi HR and Employment Law, Signature Group, and Sovos..4. Sustainability Initiatives:Accountex continued its 'Trees for Attendees' initiative in collaboration with Carma, pledging to plant a tree for every attendee to help mitigate the event's carbon footprint.5. Focus on Mental Health:Mental Health UK was the official charity partner, emphasizing the importance of mental health and wellbeing within the profession. Resources and support were available to attendees..6. Diverse and Inclusive Content:The event featured a diverse range of speakers, including new voices in the industry, ensuring a variety of perspectives and insights.These takeaways highlight Accountex London 2024 as a pivotal event for professionals seeking to stay updated on industry trends, enhance their skills, and expand their professional networks.This event was a blast and rightfully so. See you again at next year's @Accountex!

17

Mondial is excited to be exhibiting at@Accountex, the World’s largest accounting and finance event, on 15-16 May@ExCeLLondon. Join us there by registering for your FREE ticket! here: https://lnkd.in/gQEcSZN@Accountex London 2024 is a prominent event in the accountancy and finance sector, scheduled to take place on 15-16 May 2024 at ExCeL London. This event is recognized as the world’s largest accountancy and finance expo, attracting over 10,000 attendees, including accountants, finance professionals, managing partners, C-level executives, practicing accountants, bookkeepers, auditors, tax specialists, IT directors, and more from across the UK and beyond.Mondial will be there at Booth1404A to conduct FREE demos of our financial reporting and consolidation software. Can't wait to see you there!More about Mondial at Accountex here: https://lnkd.in/dna9f7qU#ACX24 #Accountex #Financeandaccounting #CFO #accounting

13

Technologies That Financial Reporting Specialists Should Be Familiar WithFinancial Reporting Specialists are the backbone of an organization's financial communication. Their work empowers informed decision-making and ensures the financial health of the company is portrayed accurately.Here's an overview list of base technologies they should be familiar with.Read more: https://lnkd.in/dYMRqh4N#financialreportingtech #ERP #reportingspecialistjd #accounting #financialreporting

5

The future points towards cloud technology as a solution for global financial reporting. By leveraging data from existing ERPs without requiring system modifications, it offers a modern, reliable, and value-adding approach for financial consolidation and compliance across global operations.#cloudreporting #financialconsolidation #accounting #chartofaccounts

6