HOW TO FUTURE PROOF YOUR FINANCIAL PROCESSES WITH THE CADENCY® SYSTEM OF ACCOUNTING INTELLIGENCE

Over the past few years, offices of finance have increasingly felt the pressure to provide new levels of insight. In addition to their historical duties, accountants are now being tasked with providing information that can guide strategic business decisions. While the recent COVID-19 outbreak certainly brought the importance of finance insights to the forefront of everyone’s mind, this expectation will only continue to grow in the coming years.

However, in order to provide this insight, offices of finance need to future proof their processes by removing the time-consuming manual aspects inherent to their historic approach. Currently, for many organizations, the Record to Report process (R2R) is typically handled through spreadsheets and other manual methods. This approach is both inefficient and time-consuming, leaving little opportunity for CFOs to meet the new expectations to provide more value-adding strategic updates for the overall organization.

These two circumstances have left many wondering what exactly they can do to prepare their office of finance to meet these new demands, and how they can create and implement a more efficient and effective R2R process now and in the future.

This blog details how the Cadency® System of Accounting Intelligence (SOAI) can help the CFO role transform into a guiding voice for the organization, as well as benefits that each part of an SOAI offers to the overall finance function.

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