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.