The accounting industry has seen its fair share of disruption with the advent the modern technologies. For example, automation, minibots, machine learning, and adaptive intelligence have become part of the finance team at lightning speed. Today, many finance companies are also investing in advanced automated accounting processes, including supplier onboarding, accounts payable and receivable, procurement, expense management, close processing, and customer queries.
Alongside, with cloud-based accounting systems, companies and firms are gaining access to their system anywhere, anytime—something that is boding well for teams that have shifted to a complete remote work setup since the onset of the COVID-19 pandemic. It is enabling accounts teams to capture data, track inventory, sales, and analyze expenses on the go.
However, one of the greatest trends in the accounting domain to be ever seen is the widespread adoption of blockchain technology. It is vastly helping accountants with record keeping, as records saved in each block on the chain cannot be forged or tampered with. On top of that, each transaction can be verified by multiple different participants on the blockchain. This technology is also super secure. Multiple verifications keep things in order, and each transaction is also recorded with a unique and unchangeable cryptographic signature called a hash.
Hence, to say that the accounting realm is at the cutting edge of a new evolution might be an understatement. At this juncture, there are a variety of accounting solutions providers available in the market that cater to the different needs of enterprises. To help them choose a company that best fits their requirement, CFO Tech Outlook has compiled a list of the top 10 accounting solutions providers. The enlisted companies are the frontrunners in the market that provide a wide span of features. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs and CXOs.
We present to you CFO Tech Outlook’s “Top 10 Accounting Solutions Providers – 2022.”
