Digital transformation continues to be both a challenge and an opportunity for SMEs. The use of new technologies enables companies to improve their customer approach and experience as well as to develop new business models and products for further growth.
In finance and accounting, the goal of digitization is to increase efficiency through process optimization (Operational Excellence in Finance) to reduce costs and improve quality. A modern technological backbone is the basis for switching from analog to digital workflows and methods. For process optimization with innovative technologies, the employees involved must have good knowledge of processes, IT and methods. People, systems and processes must be coordinated as closely as possible. The better the internal organization in finance and accounting, the more efficient and productive the management can be in implementing the strategy.
Digital pioneers profit from the fact that they create hidden competitive advantages in their operations that the competition cannot immediately comprehend. There are many ways to generate operational benefits through the use of digital technologies in finance and accounting.
Concrete starting points are e.g:
Digital pioneers are more successful and usually have significantly better key figures.
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