![]() This data reflects how investors, particularly the younger generations, value responsible investing. In 2020, the influx of investments in ESG funds reached $51.1 billion, twice as much as the recorded amount in 2019. ESG is a framework that believes that nonfinancial factors, such as social and environmental impacts, have a bearing on the growth of a business. “Who Cares Wins.” This title of a 2005 study depicts the central message of environmental, social, and corporate governance. ![]() They are also capable of sourcing top talents from different parts of the world. Outsourced accounting services firms are up to date with the latest recruitment trends and technologies that enable them to engage accounting proficient and tech-savvy professionals. Accounting and financial roles ranked 7th in the hardest-to-fill positions in the U.S.Īccounting outsourcing is one way to gain an upper edge in tapping talents with skills relevant to the digital age. However, enterprises all over the world are having challenges finding talents with future-ready skills. In the same study conducted by Deloitte, it was reported that about 44% of companies are looking for professionals with solid technological competencies, particularly in modern accounting and business analytics technologies. From taking on specialist accounting tasks, accountants now act as holistic business advisors and vital resources toward realizing digital reality. The digital finance future that CFOs and other industry leaders envision leads to the evolution of the roles of accounting professionals. This practice eliminates the need to start automation implementation from scratch, allowing businesses to realize significant savings and faster ROI. Īs one of the early adopters of intelligent technology, the outsourcing sector offers the financial industry access to its existing technology. This reason prompts many businesses to outsource accounting services. However, the integration of automation in the said fields requires a major revamp in organizations’ enterprise resource planning systems (ERP)-a direction that comes with a considerable cost. ![]() For automation to be successful, there should first be a solid implementation of automation in the following foundational fields: There is an understandable reason for the industry’s slow embrace of intelligent technology. ![]()
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