{"id":1308,"date":"2019-04-24T13:00:00","date_gmt":"2019-04-24T20:00:00","guid":{"rendered":"https:\/\/addison.lwh.dev\/insights\/benchmarking-accounting-finance-functions\/"},"modified":"2019-04-24T13:00:00","modified_gmt":"2019-04-24T20:00:00","slug":"benchmarking-accounting-finance-functions","status":"publish","type":"post","link":"https:\/\/addisongroup.com\/insights\/benchmarking-accounting-finance-functions\/","title":{"rendered":"Benchmarking Accounting and Finance Functions"},"content":{"rendered":"\n<p>The financial sector is experiencing an influx of change and transition as technology becomes incorporated into more and more of its practices. Of course, the intention is to streamline processes and automate some of the more mundane tasks associated with everyday work in the field. It\u2019s an exciting time marked by a heightened need for new practices and the appropriate talent to operate it. The <a href=\"https:\/\/www.financialexecutives.org\/Research\/News\/2018\/Quarterly-Financial-Reporting-Regulatory-Updat-(1).aspx\">2018 edition of Benchmarking Accounting and Finance Functions<\/a> focuses on such trends and what it means for the sector as a whole. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How Does Technology Influence Accounting and Finance?<\/h3>\n\n\n\n<p>The financial sector is geared toward producing results. Now, more than ever before, there is a requirement to drive efficiency, reduce costs, and simultaneously create value. At the core of the changes are the finance leaders who are not only required to understand the technological changes but the regulations that seem to be created right alongside them. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Is it More of the Same?<\/h3>\n\n\n\n<p>It may not seem like such things are novel concepts in the\naccounting and finance world. The truth is, they aren\u2019t. However, the speed and\nintensity in which changes are being made are certainly something that working\nprofessionals have likely not experienced in their careers. Professionals, new\nand seasoned, can benefit from understanding the landscape of the industry and\nwhat those changes could mean for their future and the future of the sector. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Intended Audience<\/h3>\n\n\n\n<p>Who would benefit from taking a look at the report? Seasoned\nprofessionals may have the business concepts down, but one of the hardest\nthings for them will be learning the constantly changing technology that is\nimpacting their work more than ever before. Novice professionals will also need\nto understand the bigger picture of how the technology works with the\ntraditional approach to finance. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Overview<\/h3>\n\n\n\n<p>Staying abreast of the latest news in accounting and finance\nwill help professionals have a stronger grasp of the climate of the industry.\nIt could help people prepare for training and even understand the bigger\npicture of how changes could impact every day as well as the future of the\nwork. <\/p>\n\n\n\n<p>For more financial industry news, check out:                                                    <a href=\"https:\/\/dlcinc.com\/new-changes-pcaob-mean\/\">New Changes to PCAOB and What They Mean.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The financial sector is experiencing an influx of change and transition as technology becomes incorporated into more and more of<\/p>\n","protected":false},"author":9,"featured_media":1309,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[11],"tags":[],"post_function":[],"post_audience":[],"class_list":{"0":"post-1308","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-article"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.4) - 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