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■ Accounting

■ Accounting

Continued From Page 22 reassess existing workflows , processes and technologies and understand where their data currently resides . We have helped clients optimize business processes and technology platforms that have aligned disparate data sources ; elevated financial planning and analysis processes ; promoted collaboration across the organization ; enabled modeling ; and created insightful analytics . By aligning their planning , forecasting and reporting functions , companies can develop nimble operating environments that can mitigate the impact of future crises and plan for multiple iterations of “ what ’ s now ” and , more importantly , “ what ’ s next .”
EisnerAmper LLP By Jerry Ravi , CPA , CISA , Partner , Service Area Leader , Process Risk & Technology Solutions
One crucial thing I ’ ve learned — helping clients apply data and technology solutions to transform their finance and accounting processes for more than two decades — is that it starts with a top-down mindset of creating a culture of innovation and operational excellence . This is truly where the core value is , and it can permeate throughout any sized organization
with long-lasting returns . As finance and accounting departments continue to digitize , they need to apply data solutions by focusing on a structure that ultimately drives the process to compile , manage and leverage various data sets . An optimal structure includes creating teams that own the adoption and
When a business works with our team to implement accounting technology , they enable us to provide real-time insight on their business operations through standard or customized reporting .
delivery enablement around the tools you choose to use , as well as how you assess what you have and what you need . Once that mindset takes hold you can deploy a plan , and finance departments are better able to support decisions that improve the customer / client experience , account planning , target marketing , fraud prevention , real-time risk exposure assessments and overall operational process improvements . This ultimately enables the organization to realize enhanced profitability across many forms , including operating cost savings , delivery performance enhancements and new business originations .
Goldstein Lieberman & Company LLC By Phillip E . Goldstein , CPA , Co-Founder , Managing Partner
Thanks to proprietary software developed for our firm and clients , we have immediate access to real-time data — offering us a snapshot of cash flow , assets , income , expenses and net revenue . This financial information plays an important role in keeping every client up-to-date on their businesses . Since transactions are monitored constantly , suspicious activity can be discovered sooner , leading to better outcomes . Real-time financial data also tends to speed up monthly closes . That kind of speed shows any abnormalities … fast . The sooner you can spot an error , the faster you can correct it . Since you can see what ’ s happening right away , you can keep an eye out for what ’ s coming down the
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