5 Steps to Improving Efficiency in Finance and Accounting

As the role of the CFO has evolved in recent years to encompass diversity and sustainability, long-term growth and technology leadership, so too have the responsibilities of controllers and other financial managers. Once focused primarily on tactical record keeping, today’s finance departments have become integral to business strategy decisions, providing data and analysis to improve decision-making and help keep the business on track. 

 

Routine accounting tasks like billing customers, paying suppliers, and closing the books haven’t been eliminated, however, so these new responsibilities only add to what is already a heavy workload. To avoid employee burnout and costly turnover, finance managers must find ways to alleviate some of the burden on their staff.  

 

Unfortunately, the combination of a competitive labor market and a drop in the number of students graduating with accounting degrees means companies can’t necessarily hire more people. The alternative, therefore, is to help finance and accounting staff work more efficiently.  

 

As a NetSuite customer, you already know how automating routine accounting tasks saves time and boosts productivity. But if your finance team still relies on spreadsheets or manages important process outside of NetSuite, you’re not as efficient as you could be.  

 

Download this whitepaper to learn how you can accomplish even more.