You have probably never thought about accounting as a secret weapon, but it is.
In the latest edition of the Omni Talk Spotlight Series, Chris Walton and Anne Mezzenga sit down with BlackLine Chief Transformation Officer Tammy Coley to discuss how thinking differently about one’s accounting systems and processes can make a big difference in both strategy and operational efficiency.
As the pandemic has shown, rudimentary spreadsheets and outdated processes that rely on cubicle proximity to work are no longer enough. Accounting, just like everything else, needs to move to the cloud, so that people can work from anywhere and, most importantly, any unnecessary risk can be removed from the equation. There is just too much at stake.
As Chris Walton’s HBS professor used to say, “Accounting equals truth plus measurement error and bias.” Technology has advanced for too much to let the last two variables continue to hold companies back. There are simpler, easier ways to manage the back office, so that executives can be freed up to focus on what matters most — the art of management and strategy during these trying times.
You can listen to the interview on the platform of your choice below:
Be careful out there,
– Chris and the Omni Talk team