Part 2 of the Risk of Manual Processes blog series. You can access the full series here. It’s five minutes before the monthly business review meeting. Your palms are sweaty, your breathing is shallow, and you’re bracing yourself for the blame...
One of the most significant parallels between advances in accounting automation and modern assembly line manufacturing is the importance of root cause analysis to promote operational excellence. Invented by Toyota Motor Corporation founder Sakichi Toyoda in 1958, root cause analysis...
Part 13 of the Continuous Accounting blog series. You can access the full series here. Continuous Accounting is a journey, and the advantages increase with every step. As automation, control, and period-end tasks are embedded within day-to-day activities, accountants are freed...
Part 12 of the Continuous Accounting blog series. You can access the full series here. Change is the biggest catalyst for Continuous Accounting because business never stops. When the accounting for these business activities is only “on” for a subset of...
Whether you’ve officially heard it or not, you’re sure to have felt it: we’re in the Fourth Industrial Revolution. But what is Industry 4.0 and how is it impacting Finance? Industry 4.0’s distinguishing traits include increased globalization, the rapid development...
Part 11 of the Continuous Accounting blog series. You can access the full series here. Technology is changing the way business is done all around us, but it’s only part of the solution. True organizational transformation requires adopting a fundamental...
Part 8 of the Continuous Accounting blog series. You can access the full series here. What could you deliver each day if you had accurate, real-time intelligence? How would your decision-making process change if you had the information you need when...
Part 6 of the Continuous Accounting blog series. You can access the full series here. Change is uncomfortable. We all tend to resist change when we see it coming—and even more when we don’t. Many go to great lengths to avoid...
It’s no secret that data has become the lifeblood of modern business. But do organisations realise just how valuable it is? And are they taking the necessary steps to protect this asset? We recently undertook research across the UK, US,...
Big Data is a dream come true for many of today’s retail businesses, business intelligence professionals, pundits, analysts, and other industry-watchers. Finally, the thinking goes, we’ll have all of the data we need to tell us everything we ever wanted...
Ask someone from outside the world of Finance and Accounting to describe an “accountant.” They’ll likely paint a picture of a bespectacled, bow-tie-wearing number cruncher, hunched over a clunky adding machine—that old-fashioned behemoth with large buttons that make a gratifying...
Follow Us