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Controller’s Guidebook

Is Your Relationship with Technology a Solution to Burnout or a Source of Stress?

Assessing Accounting Technology Systems vs. Solutions

Burnout is real in the accounting profession. In the second installation of Controller’s Guidebook, FloQast, in partnership with the University of Georgia, analyzed survey data from a diverse group of accounting professionals to understand the root causes of the burnout epidemic – specifically, how an accountant’s relationship with their technology can be a significant stressor in their professional and personal lives, the alarming impact that can have on the organization, and steps accountants can take for a more synergistic relationship with their tech stack.

Relationship With Technology is Critical

Does your tech stack work for you? Or against you?

FloQast’s research revealed that an accountant’s relationship with their technology matters as much as the technology itself. Relationships fall into one of three categories.

Adversarial: Technology is seen as a hindrance rather than a help.

Routine: Technology is functional but doesn’t add value to accountants’ work or life.

Synergistic: Technology is designed with the accountant in mind, a true partner and asset in their work.

It Pays to Be Synergistic

Benefits for mental health – and business.

An accounting professional’s relationship with their technology doesn’t just impact their overall state of mind, but also affects crucial outcomes for the accountant and their organization. Continuing to apply an adaptation of the Maslach Burnout Inventory (MBI) — the leading measure of burnout validated by more than 35 years of research — in conjunction with new data, we discovered that burnout is lower and accuracy of work is improved for accountants who have a Synergistic relationship with their technology.

38% of accounting professionals with a Synergistic technology relationship have a low level of burnout – compared to only 17% of those with a Routine relationship and 7% of those with an Adversarial relationship.

Accountants with a Synergistic technology relationship said their personal life is negatively affected 1.5 fewer months in a year than those with an Adversarial relationship and 1.2 fewer months than those with a Routine relationship.

Accountants with a Synergistic technology relationship reopened the books 1.4 fewer months than accountants with an Adversarial relationship and 0.7 fewer months than an accountant with Routine relationships.

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On-Demand Webinar

05.11.2023

Controller’s Guidebook: Is Your Relationship with Technology a Solution to Burnout or a Source of Stress?

Dive deeper into the study with Stefan van Duyvendijk, Accounting Operations Evangelist at FloQast, and Dee Warmath PhD, Assistant Professor and Director of the Consumer Analytics Program at the University of Georgia. Understand the difference between an accounting technology system and an accounting technology solution through unique academic measurements, and how that factors into teams’ ability to stay efficient, accurate, and avoid burnout.

Speakers

Stefan van Duyvendijk Accounting Operations Evangelist
FloQast
Dee Warmath Ph.D. Associate Professor and Director of the Consumer Analytics Program
University of Georgia

Achieve Technology Synergy with FloQast

Unlock the power of technology designed the way accountants think and work.

FloQast delivers workflow automation software that enables organizations to solve current and future shortfalls and operationalize toward accounting excellence. Built by accountants, for accountants — to enhance the way accounting teams work.

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