Businesses are always seeking ways to better communicate with their customers and clients. But what about their employees? Open communication is essential to keeping employees engaged (which in turn leads to keeping customers happy).

Process improvement is the modification of business processes to address changes in business needs, market demand, technology, and other factors. This practice is prevalent in organisations of all sizes across industries, including accounting firms and businesses with dedicated accounting functions.

Remote work has been on the rise for years now (and thanks to the pandemic, it’s only become more prominent). One study indicates that 74% of professionals expect remote work to become a business standard.

A successful accounting function takes more than simply recording and reporting financial data. Sometimes you need to take a step back and look at the bigger picture of your business—what steps can you take to better support your accounting work?

Accounting compliance means ensuring a business’s financial reporting is accurate and in line with current laws and regulations. To ensure this accuracy, it’s important to have clear processes and procedures for recording and verifying financial transactions.

Business workflows and processes are operational necessities. Without them, employees will complete tasks in whatever way they see fit, which will undoubtedly be different than how others complete the same tasks. This workflow chaos leads to inconsistent outcomes and unpredictable results.

While the foundational principles of accounting are still applicable, technology has transformed much of the way accountants perform their duties. The transition started with the introduction of traditional, on-premise accounting software (not cloud-based).

Microsoft SharePoint is an enterprise product that’s been on the market for many years and has grown to address a number of organisational needs. Chief among these is using SharePoint for document management.

When it comes to keeping important company assets organised and easy to find, a brand portal is a great go-to option. Unsure of what this term refers to?

As a financial function, accounting has often lagged in adopting new technologies. But as more of the business world takes a digital-first approach, so too must firms in the industry.