F&A teams at retailers have always faced heavy workloads―long before the current disruption. With vast volumes of transactions coming from payment providers, POS and banking systems, ERPs, and suppliers, accounting teams are struggling to reconcile and account for it all.
With retailers digitizing at a frenetic pace to meet changing consumer behavior due to COVID-19, there are more systems and evolving processes than ever―all creating more period-end reporting and downstream forecasting headaches.
In the latest edition of The Omni Talk Spotlight Podcast Series with Chris Walton and Anne Mezzenga, BlackLine Chief Transformation Officer Tammy Coley explores these challenges in depth.
Listen on-demand to learn:
How and why manual finance and accounting processes are still holding retailers back
Practical F&A strategies every retailer can use to increase agility
How Red Wing Shoe Company, which operates over 4,000 US retail locations and distributes products in over 100 countries, recently transformed their F&A organization