The document summarizes findings from a study on accounting and reporting (A&R) functions conducted by CEB Finance Leadership Council. The study found that high-performing A&R teams spend less on average as a percentage of revenue than average or low-performing teams, while providing higher levels of service in accuracy, frequency, and detail of reporting. Specifically:
- High-performing A&R teams spend an average of 0.37% of revenue on the function compared to 0.50% for average teams and 1.00% for low performers.
- They provide reporting with greater detail, frequency, accuracy, and customization than average teams, though not necessarily faster speed.
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