With each passing year, the pull of expectations beyond traditional transactional accounting, budgeting, and financial reporting is growing. This is overtaxing Accounting and Finance teams, largely because nearly half of their time is still spent on transactional activities.
But the tide in accounting trends is also turning, and Gartner forecasts that in less than four years, 60% of companies will deploy cloud-based applications to digitise accounting processes.
This is good news for F&A, as organisational success will require putting new processes and automation in place to free up resources and bolster financial statement integrity and visibility. A new implementation methodology is allowing visionary teams to achieve an accurate, automated close faster than ever before.
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