Three Emerging Technologies Poised to Reshape Accounting and Financial Management
Businesses that can effectively harness data to identify trends, streamline operations, and make better business decisions have always had an edge over competitors. Today, as technology advances make it easier to digitize data at a seemingly exponential rate, this gap is widening. As the Economist put it in 2017, data is the new oil. Businesses that can use data to create business value and opportunity have a growing competitive advantage over those that can’t.
Small and medium business (SMB) decision-makers understand this: 82% strongly agree/agree that faster access to better data is key to achieving their business goals.
Perhaps nowhere is this reality more important than in the financial management and accounting space. From the CFO level down, finance professionals are responsible for measuring, communicating, and analyzing key financial information to help guide the business and improve outcomes. In this post, I discuss three emerging technology areas that are poised to change how companies gather, manage, and use data.
Written by, Laurie McCabe
March 20, 2020
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