What is Accounting Transformation & How is it Changing Business?
May 31, 2022
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On this episode of the Risk & Accounting Advisory podcast, our Accounting Transformation professionals explain what it means for organizations as they grow or expand, navigate routine or complex transactions, adopt regulatory changes, or are simply looking to mature or optimize existing operations.
We start the conversation by defining the key components to success accounting transformation: discussing organizational & department structure, systems and alignment, and accounting cycles and processes. We walk through the five-step maturity model to optimize business, as well as looking at accounting software systems integration and optimization.
Finally, the podcast covers a real-world example of a success story and the process by which the company went through to transform their approach to physical inventory counting, costing, and tracking.
Cherry Bekaert’s Accounting Transformation practice is focused on technology-driven solutions for building foundational accounting needs, optimizing processes, and designing advanced digital controllership functions, which increases productivity, reduces costs, and improves reporting.
Speakers:
Garrett Buckless, CPA
Senior Manager, Accounting Transformation
Corey York, CPA
Manager, Accounting Transformation
Ed Summersill, CPA
Manager, Accounting Transformation