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Such tasks as reconciling accounts, monthly closing, preparing financial statements are part of the accounting cycle and are typically managed by accounting departments. Data pull from disparate systems FP&A professionals analyzedata but typically should not engage in the extraction of data from various systems.
This makes it challenging to create technology that tracks data for fundraising purposes while still following accountingprinciples. Let’s explore why these two systems will likely never fully integrate by considering their separate purposes and data requirements.
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