Continuous Accounting: A Smart Approach to Better, Faster Decision-Making

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Presented by

Joanna Malvern, Editor in Chief, ACCA | Thomas Sutter, Finance Director, Oracle NetSuite

About this talk

For years, accounting teams have operated like assembly lines - each team member having specific responsibilities for the monthly close, and a company could get the final product — financial results — only at the end of the line. The problem is, by the time the finance team finishes the process, potentially weeks after the numbers come in, the information is outdated and of minimal value to decision-makers. It’s a snapshot of the company’s past rather than a window into its future. There’s also little time to analyse results from the previous month before the focus turns to closing the books for the current month. The solution? A continuous accounting approach that seeks to balance accounting workloads and provide instant information, replacing month- or quarter-end deadlines with more frequent completion of close-related tasks. In partnership with ACCA, you will learn in this webinar: - The principles and benefits of continuous accounting - How to enable your team to better balance workloads - Replace month or quarter end deadlines with more frequent completion of close-related tasks

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For more than 20 years, Oracle NetSuite has helped organizations grow, scale and adapt to change. NetSuite provides an integrated system that includes financials / Enterprise Resource Planning (ERP), inventory management, HR, professional services automation and omnichannel commerce, used by more than 24,000 customers in 203 countries and dependent territories.