Scott Klute

The ongoing shortage of accountants means finance leaders need to make some tough decisions about the future. With fewer people entering the field and many experienced pros retiring, it's clear we need to adapt. Embracing technology like AI and automation, investing in upskilling our teams, and rethinking staffing models are key steps. These changes can turn current challenges into opportunities, helping our organizations thrive in a data-driven world. Now's the time to act and lead the way in shaping the future of our profession. #FinanceLeadership #AccountingShortage #DigitalTransformation

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Your ASC is using more technology today than ever before. Each of your technology investments provides you with its own benefits...but have you ever considered exploring how your technologies can connect to each other? If not, you could be missing out on benefits like enhanced efficiency, cost and error reductions, and greater productivity. Join us this week to learn more about Interoperability and how your ASC can benefit: https://hubs.la/Q02t1Djv0

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😕 Is AI truly transforming AP automation? The CFO's latest feature examines the real impact of AI on accounts payable, highlighting both the significant benefits and the potential challenges. AI enhances predictive analytics, data processing, and compliance, but we also question whether businesses are fully prepared to adopt these innovations. 📖 https://lnkd.in/eswKH9Hz #AI #Automation #AccountsPayable #Finance #DigitalTransformation #APAutomation #BusinessEfficiency #CFO #Innovation Yooz

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Is your business sprinting toward success, but a full-time CFO isn’t in the budget? Enter the Fractional CFO—your strategic ally in for helping navigate cash flow, decision-making, growth and revenue. Dive into the Forbes article for the full scoop. https://lnkd.in/eDynKAKC #CFOBusinessSolutions #FractionalCFO

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Starting the week with a fresh perspective on #cparetention and the #accountantshortage. According to PICPA's research, "build a pentagon, not a pyramid" to leverage strategic planning to change the model for operating and getting work done. The current conditions in the labor market is perhaps one of the largest obstacles to supporting growth, profit, recruitment, and talent retention. In an almost unprecedented time, 70% of CPAs are at or near retirement, paired with a significant drop in accounting graduates and CPA candidates. This quick read based on quantitative data of recent accountants and mid-career professionals makes the case for a new business model. Check out the research here: https://lnkd.in/eiP_77mJ. #PICPA #AccountingToday

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Still reluctant to embrace #AI? 🤖 Join this Business Learning Institute webcast on Thursday, June 20 at 11 AM ET for 1 CPE credit - and discover all the ways AI can boost productivity for accounting and finance professionals. In this session, QuickFee's Rafael Casas and other thought leaders will be presenting on AI trends, practical applications, and why AI will only increase the need for human-centered leadership. Learn more & save your seat here: https://lnkd.in/gwyEjSMn #accountingandaccountants #cpe

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Join DocuPhase on April 23 to explore the ways in which #AI in #APautomation is helping finance leaders adapt to a changing business landscape and diverse accounting workforce. As part of FEI's Private Company Priorities Webinar Series, this session will help you discover the potential challenges and considerations when implementing these technologies, as well as practical advice for finance leaders looking to leverage AI and AP automation in their own organizations. https://bit.ly/496yMhL

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Unlock the Power of Pro Forma Financial Statements 📊 Pro forma financial statements are essential for forecasting and strategic planning. Learn how to use these financial tools to predict future performance, secure funding, and guide business decisions. Read the full article: Understanding Pro Forma Financial Statements: A Comprehensive Guide ▸ https://lttr.ai/ATN2J #ProForma #FinancialPlanning #BusinessStrategy #FinancialForecasting #BusinessGrowth

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Is your not-for-profit organization interested in learning more about organizational and grant budgeting? Read our full article to learn more about not-for-profit budgeting and gain insights to help your organization maximize its budgeting potential. ➡️ https://ow.ly/o2F650RFOYL #NFP #Nonprofit #NonprofitBudget

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Think all accounting firms are the same? Think again. Jim G. says it best. Ready for expertise that goes beyond the basics? #AccountingExcellence #KRDCPAs https://hubs.la/Q02DpW1p0

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"As AI continues to advance, CFOs who grasp its potential and keep up with its rapid evolution can significantly accelerate their strategic impact,” says Kevin Greer, CPA, PMP, Change Manager. Read his blog where he shares insights on the impact of responsible AI on the CFO office, as well as specific transformation opportunities made possible through other digital technologies such as automation and data. https://go.cgi.com/3KtEb8U #responsibleai #ai #CGIAI #digitaltransformation #businessconsulting #automation #data

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Blog link: https://hubs.li/Q02yJd6T0 Investment companies are unique, and so is their accounting under U.S. GAAP. This post explores ASC 946 and introduces our IM eLearning collection-- now available for you or your team! #ASC946 #investment #management #gaap #elearning #CPE

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The accounts payable (AP) department plays a key role in an organization’s operations. While they may not be in the spotlight, like sales or customer success, the AP team is equally — if not more — critical to your company’s fiscal health. Let’s break down what your AP team does, why it’s important, and who’s who in your AP department — while also exploring how a powerful AP automation software like Ottimate can streamline their work — in our latest blog. ⬇️ 📝 https://lnkd.in/eM8V44YP | Click to read! #apautomation #accountspayable #ap #accounting #ai #invoicing #invoice #tech #technology #fintech #saas #erp #integration #finance #accountingteam #accountant #bookkeeping #bookkeeper #cfo #controller #blog

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Reflecting on my journey spearheading innovation initiatives within accounting, finance, and audit processes, I've come to realize that true innovation transcends technology alone. It's about embracing fresh perspectives, daring to challenge norms, and fostering collaboration across functions. In my experience, partnering across departments has been key to redefining processes, not just by implementing technology, but by fundamentally reshaping our approach and objectives. By collaborating with colleagues from diverse backgrounds, we've been able to gain a deeper understanding of the challenges we face and unlock new opportunities for improvement. Together, we've reimagined traditional workflows, introduced new methodologies, and streamlined complex processes to deliver greater value to our stakeholders. Through this journey, I've learned that innovation isn't just about adopting the latest tools—it's about driving continuous improvement and delivering tangible results. As I continue to champion innovation in my role, I challenge everyone to join me in redefining what's possible. Remember, every individual contribution counts exponentially—the collective impact of many is both significant and transformative. #InnovationJourney #BusinessTransformation #Collaboration

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Our colleagues at CFO Selections examine the role of integrity in accounting/finance: "Why Establishing Trust Matters" https://hubs.ly/Q02xDGf90 #theASPteam #accounting #finance

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5 Ways CFOs Can Transform Finance Operations

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Join us on this episode of Business Beyond Borders as we explore the importance of high-quality reconciliations in accounting. Shana Cooper, CPA, Founding Director of The AccountAbility Team, LLC shares insights on avoiding common reconciliation errors, standardizing processes for efficiency, leveraging technology, and accessing essential training resources to elevate your accounting team's performance. IN this episode, you will be able to:   1. Understand the Importance of Reconciliation Quality: Learn why high-quality reconciliations are crucial for maintaining accurate financial statements and reducing risk. 2. Identify Common Reconciliation Errors: Discover the most frequent mistakes accounting teams make in the reconciliation process and how to avoid them. 3. Implement Standardized Processes: Gain insights on how to standardize reconciliation procedures to enhance efficiency and consistency across your team. 4. Leverage Technology Effectively: Understand the role of technology in improving reconciliation processes and how to integrate it without compromising quality. 5. Access Resources and Training: Find out about available resources and training programs to help your team master reconciliation best practices and improve overall performance.   Reach out to Shana Cooper, CPA on LinkedIn or visit https://lnkd.in/dBBqgQmy!

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The accounts payable function is on the cusp of a major transformation. 🚀 Is your organization ready? In our recent #webinar with our friends at Ardent Partners, you’ll hear experts address this question head on and offer insights designed to inform, elevate, and enhance your AP processes and practices now and in the future. 🌟 Check out a few of the highlights: 👉 https://bit.ly/3Vj73GU #APAutomation #NowItAllJustHappens

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Optimizing procure-to-pay (P2P) operations has become imperative for organizations aiming to achieve significant cost reductions and enhanced operational control. Join us for our webinar as Sean Bonadeo (Hanley), Roni Magendzo, Brendan Cei, CPA, and Nathalee DuRose discuss strategies for redesigning processes and dive into the levers for P2P optimization across different focal areas.  Register here: https://lnkd.in/g8qt_gxn #P2P | #procuretopay | #webinar

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