Deloitte Share Top 5 Actions for Technology, Media, and Telecommunications Companies
Deloitte are sharing the results from their survey with Institute of Management Accountants (IMA®) and in a recent release shared their 5 insights and 5 actions to take, specifically for technology, media and communications companies.
You can view more on the full insights on Deloitte’s site.
While digital transformation has been a top agenda item for years, their survey results found that 82.1% said their company’s accounting process are largely manual or still a considerable manual effort. Here is a summary of 5 actions they suggest.
- Start on a digital transformation by focusing on foundational technologies, such as cloud-based accounting solutions, to open opportunities for automation. A sound financial infrastructure in place is essential before advanced technologies should be deployed
- A data strategy and vision that optimizes processes and IT infrastructure should be in place in advance of cloud migration.
- Companies need to upskill or reskill their employees to be more analytical. Critical thinking and problem- solving skills are one of the most important skills to improve upon according to their survey results
- Companies need employees who can facilitate dialogue between the business and technology to drive change. Strong process and consulting design skills are currently some of the most difficult skills to find in the market
- Unique employee packages can help you remain competitive against competition. They site a one-to-two-year rotational program or unconventional hours and flexibility, such as 9/80 work schedules or summer Fridays as ways to help build competitive packages.
