This document discusses challenges that businesses face with closing the accounting cycle, consolidating financial data, and reporting. It notes that the median time to complete this process is 15 days for large companies, though some take up to 25 days. Continuous accounting and financial performance management (FPM) solutions are presented as ways to streamline the process. Risk management spending by financial institutions is also summarized, including areas of governance, integration, and financial crime compliance. Contact information is provided for IBM solutions that address these issues.