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                  ERP & Continuous Accounting

                  Quote.svg

                  By 2026, two-thirds of organizations will have applied continuous accounting principles to close the books within one business week, up from 50% today.
                  Robert Kugel

                  Robert Kugel

                  Executive Director, Business Research

                  A new era for Finance and Accounting

                  ERP technology is changing, enabling more streamlined operations, immediate access to information and a more rapid close. “Continuous accounting” is a management approach that utilizes new ERP technologies to improve performance.

                  Definition

                  Continuous accounting is an approach to managing transactions recording and accounting that takes advantage of current ERP technology to streamline and restructure the accounting function; it can provide more real-time information and insight while simultaneously cutting administrative overhead.

                  Research Fact

                  Only 43% of finance departments play an active role in management, with just 25% having a high degree of automation of core functions.

                  Best Practice

                  Continuous accounting is a discipline that enables finance executives to build a more strategically engaged department.

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