Gone are the days when employees are asked to work from a fixed centralized office, leaving a long term impact on several business processes, especially accounting. Today, restricted accounting processes are hampering businesses across the globe. Limited access to data, disrupted supply chains and remote working habits made it more difficult for enterprises to manage their finances. Being one of the last processes to turn tech-savvy accounting technology is catching up fast. Traditionally a centralized process, digitizing accounting still has a number of challenges. But the introduction of Artificial intelligence and Machine Learning has given businesses some respite.
Enterprises are constantly looking to decentralize their accounting processes. As FinTech has already taken over the industry in such a short span of time, accounting processes are being made simple and efficient. It has proven its worth by enabling large banks and financial companies to transact digitally while other organizations put their operations on hold. Similarly, accounting solution providers are enabling businesses to let their clients to conduct audits from the comfort of their homes. Confidential account statements are passed on securely with the help of encrypted software. Cloud-based accounting software is making it easier for employees to work remotely. Undoubtedly, technology is venturing into the accounting domain, and is here to stay.
Accounting processes are crucial in conducting any kind of business; a smallest error can cause serious repercussions. Hence, organizations need to choose the right kind of technology suitable for them. To assist CIOs in identifying the right Accounting Solution Provider, CFO Tech Outlook presents “Top 10 Accounting Solution Providers in APAC – 2021.”
A distinguished panel comprising CEO’s, CIO’s, VC’s analysts and the CFO Tech Outlook editorial board has selected the top accounting solution providers. In our selection process, we looked at the company’s offerings, core competency, news/press releases, client testimonials and other recognition.
