European companies are struggling to reduce their accounts consolidation and reporting times -- many took two days longer in 1999 than in 1998.

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European companies are struggling to reduce their accounts consolidation and reporting times -- many took two days longer in 1999 than in 1998. Inadequate figures from operating companies and business units, and mediocre operating systems poorly linked to financial systems, are the main obstacles, according to KPMG. "We often see a gap between intention and implementation," said Chris...

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