The most agile finance teams are looking ahead, not backward. Shifting business models require Accounting to behave differently, phasing out mundane workloads for a more strategic focus.
In the drive to modernise accounting processes, journal entries are still one of the biggest manual tasks. Yet, technology has the potential to reduce the number of journal entries by over 70% and embed agility in day-to-day Accounting operations.
Journal entry automation rids Accounting of the month-end headache, automates the bulk of journal entries, and allows teams to build sustainable processes into the close. It's foundational to massively reduce the time and risk associated with the financial close and to enable accounting operations to transform from being a cost-centre to a value-driver.