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Continuous Accounting Drives Strategic Transformation

Technology Can Serve as a Catalyst for Change

A New Approach to Achieve Change

Ventana Research uses the term “continuous accounting” to describe how recent advances in information technology can help finance organizations to fundamentally restructure their departmental operations to transform their function. Whereas most past enhancements were incremental, the financial management software and data management methods available today can enable more profound advances – streamlining processes, eliminating many time-consuming tasks and smoothing departmental workloads. This frees up skilled professionals to undertake the more strategic and valuable job of providing timely, insightful and forward-looking information to the rest of the company. In short, continuous accounting is a framework for eliminating barriers to making the finance organization more strategic.

The continuous accounting approach integrates people, processes, information and technology to achieve a transformation of the finance function and its corporate role. Continuous accounting is based on three principles:


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