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Automation: Finances With Shorter Close Times

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Automation: Finances With Shorter Close Times

By: Dean Dorton | January 19, 2022

What are the implications of remote automated accounting? There may be more benefits for your business than you think.

Accounting Software | SaaS

The COVID-19 pandemic has sparked a fascinating conversation about the future of work, automation, and the end of the traditional office. It seems all but certain that remote work will play a bigger role than before. Most see this as either inevitable or obligatory. What often gets overlooked, however, is that remote work comes with many advantages, too – and not just because you can skip the commute.

The same technologies that make remote work possible also make the work that remote employees perform superior in almost every way. The cloud, for example, gives people anywhere, anytime access to data and business tools. But cloud-based software also comes with stronger, smarter, and faster features that improve upon existing workflows. So by shifting to remote work, companies don’t just get more flexible, they get more efficient and productive as well. This blog will highlight how.

Automation: The New Accounting Standard

Accounting is a time- and labor-intensive process requiring excellent attention to detail. The average accountant spends a large part of her career moving around numbers and cross-checking figures. It’s not the most interesting part of the job. However, keeping the data in order is vital for maintaining an accurate, updated, in-depth financial record.

Not anymore. Automated accounting and finance promises to revolutionize how companies manage their money. Key processes can go on autopilot so they complete fast, accurately, and with little to no input from accountants. It doesn’t matter where an accountant works from because they aren’t the one’s dealing with mountains of financial data – the technology does that and delivers remote accountants the finished product. In that way, remote accountants aren’t just working in new locations; they’re working in new ways and, thanks to automation, accomplishing much more in the process.

Key Benefits of Automation in Finance

Automation has many positive impacts on accounting:

  • Save TimeAutomation can close the books (and more) in a matter of minutes, condensing a process that typically takes accountants hours or days to do manually into one that completes almost instantly.
  • Prevent ErrorsThere’s no risk of typos, omissions, or other errors when automation is moving data and running calculations instead of accountants doing it by hand. The financial record improves both immediately and immensely.
  • Focus ElsewhereWith automation handling key duties and answering deep questions, accountants can spend their time on high-level financial planning and analysis rather than routine data management.
  • Pivot FastAccountants can rely on automation to supply the insights and time they need to pivot a company when financial circumstances change unexpectedly. With automation comes flexibility.

These benefits clearly make it easier to work from anywhere. But they also illustrate how the shift to remote work makes companies better equipped for everything the present and future has in store. If you’re ready to embrace automated accounting and optimize remote work along the way, contact Dean Dorton to put a plan in action.

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