Accounting Optimization Assessments

Future-proof your accounting function with Accounting Optimization Assessments.

PRIMARY CONTACT: Carley Taslov

The accounting function is the heartbeat of thriving organizations. If designed appropriately, accounting functions play an instrumental role in helping organizations both execute strategy and maintain sustainable growth. Outdated accounting functions can impact the bottom line through financial mismanagement, compliance issues, missed opportunities and operational inefficiencies. It is essential to ensure your accounting function is performing effectively.

Accounting Optimization Assessments (AOA) are a crucial first step toward developing a best-in-class accounting function. These assessments help organizations identify fundamental issues in processes, policies, people and technology through a comprehensive and objective evaluation.

Is your accounting function struggling to keep pace with demands? Our Accounting Optimization Assessments help organizations evaluate and discover actionable steps to strengthen their accounting functions. Our assessments provide a roadmap to increased operational efficiency and empower accountants to allocate resources strategically while maximizing benefits in alignment with organizational priorities and goals.

Accounting Optimization Assessments Assist Organizations in Navigating Common Events and Challenges

  • Accelerated growth outpacing current accounting capabilities
  • Acquisitions or divestitures
  • Delays in month-end close
  • Key changes in management or significant employee turnover
  • Recent fraud or accounting errors
  • Significant use of Excel to manipulate data for reporting
  • Succession planning for long-tenured employees
  • Untimely or inaccurate operational or financial information needed to make informed business decisions

Benefits of Accounting Optimization Assessments

Our solutions help accounting functions identify the high-level steps needed to optimize and align processes, technology and human capital resources. We help clients adopt an experience-driven, outcome-focused strategy enriched with business expertise across numerous industries.

    • Data Accessibility and Reliability — Improve data visibility and ensure completeness and accuracy of financial reporting data.
    • Employee Engagement — Alleviate unnecessary or redundant tasks, allowing employees to focus on higher-value-added activities.
    • Increased Revenue — Gain better visibility into your processes, people and technology to identify new growth opportunities and take action on patterns and trends that would have otherwise remained hidden.
    • Improved Reporting and Analytics — Improve timeliness and availability of financial and accounting reporting and analytics to better support business insights and decision-making.
    • Reduced Cost —Save time and money by pinpointing cost-saving opportunities across your resources, including staff restructuring.
    • Reduced Fraud Risk — Identify potential fraud prevention measures.
    • Streamlined and Standardized Processes — Reduce process inefficiencies and create additional efficiencies through policies, standard operating procedures, financial reporting and internal controls.
    • Objective, Third-Party Perspective — Eliminate internal biases in the decision-making process and rely on external expertise to provide an objective and holistic action plan to set you up for success.

Ready to Get Started?

Contact us and let us know how we can help.

Interested in a more in-depth Business Optimization Assessment? Our Business Process Optimization services result in comprehensive assessments of an organization’s key business processes to ensure an in-depth action plan for transforming core operational, finance and information technology processes.

About Schneider Downs Risk Advisory

Our team of experienced risk advisory professionals focuses on collaborating with your organization to identify and effectively mitigate risks. Our goal is to understand not only the risks related to potential loss to the organization but drive solutions that add value to your organization and advise on opportunities to ensure minimal disruption to your business.

Explore our full Risk Advisory Service offerings or contact the team at [email protected].

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