Home Views Tech

The risk of doing nothing is greater than ever

Blackline Accounting Software
Blackline Accounting Software11/23/2020 12:00 AM GMT+08  • 3 min read
The risk of doing nothing is greater than ever
How you can make your finance and accounting practices more efficient.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

When the Covid-19 pandemic began, many finance and accounting organizations were still getting used to change as the new normal. Suddenly, uncertainty became a common sentiment for companies around the world.

With very little time to prepare, F&A teams had to figure out how to work from home and close virtually with a distributed workforce. Audit teams had to start performing their procedures remotely, and the roadblocks created by manual close processes and undocumented institutional knowledge became greater than ever before.

But we live in a digital age, and while the transition to a virtual professional world hasn’t been easy, it is possible to leverage what may seem like chaos into a strategic advantage. And the reality is that although change is uncomfortable, it can be more dangerous to live with outdated manual processes and the inherent risks of human behaviour, especially in our current environment.

Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.