To achieve both below-the-line and above-the-line goals, today’s CFOs must centre their efforts on automation, integration, and simplicity, says Jason Bloomberg, president of Intellyx. Accounting is simply too complex to depend on manual effort. Instead, automation drives efficiency and accuracy while simultaneously shifting the finance department’s day-to-day work from routine tasks to more valuable ones. However, technology must work within the context of the ERP technologies in place, as well as any other software relevant to the duties of the CFO’s office. Automation and integration won’t facilitate the strategic goals of digital transformation, though, if the organisation doesn’t also achieve simplicity. After all, the reason accounting requires disruption in the first place is because it is becoming too complicated, and with complexity come inefficiencies, inaccuracies, and in the end, poor business value.
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Providing insight into technology and innovation in the legal, accountancy property and consultancy sectors. Alternative Insights brings together news, commentary and thought leadership about digital transformation across the entire professional services industry. We collate industry stories on innovation, technology and transformation in the legal, accountancy, management and property consultancy sectors, giving you access to the latest thinking about tech and innovation in the professions.
August 16, 2019
October 28, 2019