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Centralized Accounting and Reporting Platform
(CARP)
Definition
A system designed to unify and streamline financial accounting and reporting processes across an organization. CARP consolidates financial data from various departments into a single platform, allowing for consistent and accurate tracking, management, and reporting of financial information. This platform facilitates real-time access to comprehensive financial data, improves data integrity, enhances efficiency in financial operations, and supports better decision-making and compliance with reporting standards.
Additional Notes
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