Corporate governance with QBCon Enterprise and EasyAsk

Corporate governance and GAAP compliance can be as painless as doing a Google search with QBCon Enterprise and EasyAsk.  

What is corporate governance?

Corporate governance refers to the direction and control of a company. It addresses issues relating to the separation of ownership and control within a company.

Objectivity and integrity play a major part in corporate governance. The perceived quality of corporate governance can affect a company's share price and the cost of rising capital.

Disclosure and transparency is key in corporate governance. The roles of members of the board and management should be made clear from the outset for the purpose of accountability.

A large and difficult part of corporate governance includes the ethical and efficient management of the financial department.

It is often difficult for companies to keep track of the goings on in the financial department. Providing accurate reports that comply with GAAP is even more daunting. 

What is GAAP?

Generally Accepted Accounting Principles (GAAP) ensures third parties know that the financial information your company provides is unbiased and accurate. Compliance with GAAP also ensures your company is on the right side of the law. 

How QBCon Enterprise can help

QBCon’s enterprise resource planning (ERP) system, QBCon Enterprise, ensures that every step in the business process is documented automatically. Keeping track of stock from the moment it is ordered until the sale is complete, is easy with QBCon Enterprise.

The accurate documentation of business processes can then be used to compile financial reports that accounts for every penny in your business. Enterprise can even show which employee was involved in which transaction. Exact dates and times are at your disposal with QBCon Enterprise.

EasyAsk as monitoring tool for corporate governance

Having records of your financial activities is undoubtedly valuable. To access the latest financial records easily, QBCon offers EasyAsk.

EasyAsk is a revolutionary business intelligence (BI) tool that allows users to access specific information almost instantly. By typing a question in natural English, similar to an Internet search engine, up-to-the-minute information gathered from all databases can be accessed.

Apart from the obvious business benefits like monitoring stock and sales, EasyAsk will also allow you to draw accurate reports then and there. QBCon Enterprise makes it virtually impossible to tamper with financial figures and EasyAsk can provide the records to prove it.

GAAP is a necessary element in the financial world, but can be difficult to adhere to. QBCon Enterprise, combined with EasyAsk can provide accurate information quickly and easily. Traceable information and updated records will ensure your company is on the ethical side and be able to prove it.