News and Blog: Technology
Organizations that are growing bigger and more complex typically need more than standard accounting software. Similarly, financial professionals in expanding organizations typically need to redesign their role to meet the changing needs.
As departments and projects grow, organizations need a central point of contact for all collaborators – a source of information that can be relied upon for strategic decision-making. For most organizations, this starts with the finance team and its resources.
The projected growth of accounting jobs is a promising notion, with the BLS estimating a 10% increase in accountants and auditors through 2026, but rapid advancements in industry technology can’t be overlooked. Accenture, a leading consulting firm, recently told Forbes that “automation, minibots, machine learning, and adaptive intelligence are becoming part of the finance team at lightning speed.”
With a growing amount of accounting processes already being enhanced or completed with the help of these solutions, it’s important to look ahead at how the continued adoption is going to impact the industry in the next few years.