The Importance of Expanded Disclosure Requirements

Investment firms value companies that have an intricate knowledge of their finances.

A large part of this involves promoting transparency at every juncture. One of the most efficient and effective ways to accomplish this is to push for expanded disclosure requirements for your finances. By doing this, you can supplement basic, raw data, giving it a qualitative aspect in addition to the quantitative one.

Companies that push for this procedure through their bookkeeping tend to have a much better grasp of their finances, as compared to those that don’t. Essentially, it adds a storyline to black and white data that doesn’t provide much information outside of the numbers.

In this way, as part of a best practices process, the disclosure is more robust. If your company incorporates this procedure into its company strategy, you stand to benefit from added transparency. For more on this topic, watch the video from OpenView Labs featuring David Lewandoski.

Corey O'Loughlin
Corey O'Loughlin
Owner

Corey was a marketing analyst at OpenView from 2010 until 2011. Currently Corey is the Owner of Prep Obsessed and was previously the Marketing Manager at MarketingProfs.
You might also like ...
Finance & Operations
Avoid These Common CAC Payback Period Mistakes

CAC payback period is a fantastic metric to measure success. But despite your best efforts, you might still be getting CAC payback wrong. Here’s what to avoid.

by Kyle Poyar
Finance & Operations
From $10M to $100M+ ARR: Five CFO Learnings
The six-year CFO journey at Pantheon – where we increased ARR ten-fold to and through $100 million – taught me...
by Mark Khavkin
Finance & Operations
4 Steps For Hiring Your First Finance Leader For Your Startup
In today’s macro environment, founders are realizing just how important it is to have a strong finance leader working alongside...
by Vivian Foley