Gone are the days of the CFO as Controller in Chief or corporate cop. That’s not to say that CFOs will lose responsibility for maintaining controls or managing risk and regulatory compliance, but solid financial skills are just table stakes today. CEOs want true business partners.
The top 5 best accounting software packages in 2017 in a nutshell. There are many different cloud-based accounting packages to choose from. I’m focusing on the five I think are most likely to make your shortlist of options.
According to data by Accenture Strategy, by 2020 staff productivity in the finance industry will increase two to three times, while costs will decline 40 percent (and yes, some of this will come from staff decreasing). However, the staff they’ll need will change significantly, and will include data scientists, economists and anthropologists.
The move to automated processes brings with it numerous benefits such as time savings, improved accuracies,increased efficiency and reduced costs. So what is the impact of automation within the finance organization specifically? Let’s discuss the functions within accounting today and how automation is going to make an impact.
If consumers understood that their card transaction data was being sold to Google, would they sanction this? Or would they ask the banks and card issuers that collect and store their transaction data to think carefully and perhaps ask their consent before passing this information over to third parties?