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Quarterly Financial Review Meetings?

Do your company conduct quarterly financial review meetings? If so, how?

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We are a growing organization.  Currently, we conduct quarterly financial review meetings with each department which leads to 20 + meetings each quarter for an hour each.  This is getting hard to schedule due to everyone's busy schedule.  In the meetings, we discuss variance in comparing actuals to budget and any issues with their financial statements. 

Do your organization do something similar and if so, how?

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