Why Companies Need Close Management Solutions in 2023
Nov 29, 2022 | By John Siegel
It’s tough to start a blog post about new year predictions without noting how fast the current year went by, so let’s just acknowledge the elephant in the room: How is it already (almost) 2023?
Going into 2022, we had some idea that it would be a weird year. But by “weird,” most thought about a market correction, not chaos triggered by a grab bag of inflation, stagnant growth, supply chain concerns, invasion, global warming, and much, much more.
As we worry about what 2023 holds, it’s interesting to look at how things have changed over the last three years, not just in the last 12 months. In 2019, most accountants would laugh at a day-to-day description in 2022 if someone told them this would be how they worked in the future.
But on the eve of a new year, it’s remarkable to look back and see what’s changed since those fateful days of 2020, and what impact that has on the accounting profession heading into 2023.
Recently, FloQast channel partner RKL Solutions, a leading business consulting firm, published a blog looking at what trends we’ve seen emerge in the last few years will stick around in 2023, and what that means for accounting organizations. While many departments have had a hard time establishing a new identity in the era of the “new normal” (I’m sad I had to dust that one off), it’s clear that the combination of employee expectations and an uncertain economic climate have accounting teams at a crossroads: Clearly establish expectations, identify potential pitfalls before they can cause material harm, and put themselves in a situation to be able to act, regardless of what action is required.
Take a look at the blog and learn more about what trends accounting teams can expect to see in 2023 and why it’s so important for them to have the resources they need in place to act accordingly.