If you’re a newly hired CFO, controller, or director of finance, you have a lot of pressure on your shoulders—and a lot of decisions to make about staffing, internal processes, technical concerns, and much more.
One of the more critical tasks in your first months on the job is assessing business processes and technologies to identify challenges and limitations. As you’ll see, addressing these concerns can make you a hero both in the C-suite and with your team.
Impressing the C-Suite
When you assess your business processes and technologies, you’re looking for cost-effective ways to improve productivity and ensure data accuracy. For many organizations, the best way to do that is by adopting best-of-breed software solutions such as Sage Intacct cloud accounting software, which deliver immediate improvements to efficiency, visibility, and control.
With the latest accounting software, you can produce more accurate, easier to understand reports, customized to your needs. You can also process more data in less time, which supports better and faster decision-making. These changes and many more will impress members of the C-suite, who are looking for quantifiable business benefits in efficiency and productivity.
One word of caution: Transitioning to new financial software and integrating it with your existing solutions can be challenging, and you may need to bring in an experienced partner to help you make that transition. Once completed, the new systems can help you transform the finance function and raise your profile as a trusted advisor to the C-suite.
Change can be hard on employees who are accustomed to the software they’ve been using for months or years. With that in mind, it’s important to listen to their concerns and make sure that the new solutions you implement will be better for the people who work with them every day.
What employees usually find is that new and upgraded software reduces their more mundane and repetitive work. Instead of spending hours on data entry and other manual tasks, they’ll be free to focus on more of the strategic, value-added work that they’re qualified (and paid) for. Best-in-class software like Sage Intacct is easy to learn, and it speeds and simplifies everyday tasks.
Again, working with a partner with experience helping organizations through software conversions can be helpful, both in deciding what to implement and in ensuring a smooth transition, including training for employees.
Get the Help You Need
Michaud Accounting Solutions works with many controllers, CFOs, and other finance directors who recognize that their current financial systems are outdated and inefficient. Contact us to talk with our experienced professionals about how we can help you through your transition to systems that improve efficiency and free your employees to focus more time on mission-critical initiatives.