Financial Management: 4 Key Technology Transformations

The accounting industry looks a lot different these days than it did 10 years ago. From shifts towards data-driven strategy to the implementation of new technological tools, the profession has rapidly evolved. It seems like there are always changes on the horizon when it comes to the world of accounting and finance. Here are four trends we are tracking right now and what they mean for your business.

1. The Role of Automation

Automation has become increasingly popular in the accounting industry. Although it does not replace the need for a living, breathing accountant, it does save time by automating routine tasks and removing inevitable human-error so that professionals can focus on the specific needs of their clients.

一个成功的自动化示例来自Coca-Cola Company对其资产负债表和解过程的审查。手动流程的自动化释放了40％的团队，以研究其他指标，报告和IT效率。会计师认识到自动化可以减少大量时间，尤其是在审查信息或起草某些文件等领域。机器人流程自动化（RPA）通过使用软件工具将手动步骤转换为更自动化的过程来帮助简化税收，咨询和审计工作。自动化的日益普及使曾经在更平凡活动上花费的时间分配给需要战略思维的更高级别的任务，并为客户提供增值解决方案。

2. Taking Business into the Cloud

对于全球各地，云已成为开展业务不可或缺的一部分。这个简单的集中文档管理工具可用于处理过渡到无纸交易，发票和其他电子付款。通过删除会计交易延迟并使关键文档几乎可以从任何地方访问，就可以节省时间，而是因为客户较早地获得发票而获得了更早的报酬。这个节省时间也直接转化为从一个或两个月下降到最多的应付额两个星期.

Cloud accounting is especially relevant as the world navigates the COVID-19 pandemic and more teams shift to remote work environments. Using the cloud can improve collaboration and allow for real-time updates between firms and their clients.

3.利用分析

在几乎每种类型的专业服务公司中，分析的利用变得至关重要。会计也不例外。

有四种一般类型of data analytics that can provide businesses with valuable insights and better inform their decision making process. Since the type of data collected can provide information on various processes, it’s important to select the right type to meet the company’s experience, ability, and goals.

First, there are descriptive analytics that help accountants understand what is happening. Then there are diagnostic analytics to understand why something happened. Accountants also use predictive analytics to show what will happen. And lastly, there are prescriptive analytics to show what should happen.

使用分析允许会计师事务所帮助其客户做出更智能，更明智的业务决策，并得到数据的支持。无论是有助于有助于持续审核的预测还是新颖的软件的新工具，对会计师及其客户至关重要。目的是确保公司正确收集和分析数据，以帮助他们减少浪费并改善运营。会计师可以通过大量数据进行解析，并找到一种方法来最大化该信息不仅有用，而且还必须有必要。

4. The Role of Outsourcing

外包是会计领域中日益增长的趋势，它允许在新的数据分析时代所需的更高的思维方式。潜在的缺点是外包劳动的成本；但是，有59％的企业调查实际报告ed outsourcing in order to save money.

This is possible because outsourcing partners will have the infrastructure already in place to be able to offer their labor at a discount. Struggling businesses right now need to be able to take advantage of all their resources and save wherever they can, even if it means making a short-term investment in outsourcing other skilled workers to improve their overall performance.

联系我们

The accounting industry is evolving at a fast pace to adapt to new technologies, keep up with the latest innovations, and pivot in the face of a pandemic. If you have questions about any of these emerging trends, we can help. For additional information, call us at 248.208.8860 orreach out today. We look forward to speaking with you soon.