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Top Accounting Trends for 2017

With the 2016 year-end close finally behind us, it’s time to focus on making 2017 the most productive and efficient year yet! What are your team objectives for this year? Shorten the time to close? Produce better quality recs? Reassess your policies and procedures?

No matter your goals, we’ve summarized this year’s top 3 game changers in accounting to help you and your team stay ahead of the trends (and the auditors!).

1. Cloud Computing: We’ve come a long way from the days of grueling software installations by your IT department. With cloud-based accounting, it is far easier to access your data and keep your software updated, not to mention it doesn’t require an investment in hardware. In fact, cloud systems are, in many cases, more secure than their in-house, local counterparts.

2. Automation: Making use of automation software is one of the most easy-to-implement and efficient ways to streamline any process. Platforms like SkyStem’s ART allow accounting teams to automate their reconciliations, build customized checklists, and run on-demand reports. Click here for a 2-minute demo.

3. Analysis and Insights: This generation of accountants is no doubt tasked with far more complex and sophisticated data than ever before. With the availability of automation platforms and smart software, accountants are spending less time doing rote tasks, and are now expected to focus on more value-added analysis for the company – a shift that is surely welcomed by all!

If your team is looking to stay ahead of the curve by automating your reconciliation process and eliminating manual workflows while saving time and money, schedule a demo of ART today!

For more helpful tips on achieving a fairy tale month-end close download our e-book here!

By |2023-03-11T14:41:59+00:00February 24th, 2017|Blog|0 Comments
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