PRIMARY CONTACTS: Patrick B. Armknecht CPA, CITP
Our digital transformation solutions are applicable to all industries and business process areas, however, the areas of finance and accounting are a natural place to begin the digital transformation journey. These areas tend to own and manage much of the critical data used to make business decisions.
Because of this, they are often expected to provide senior leadership, management, and other decision-makers across business units with real-time, accurate information used to drive those business decisions.
All too often though, the finance and accounting functions are forced to compete with the demands of other business units also looking to fund and leverage data-driven technologies for their own set of problems.
As a result, it becomes critical for finance and accounting professionals to become advocates for change, convey the value of finance and accounting digital transformation, and explain how that benefits other business units and process areas. Without doing so, they risk falling behind on the digital transformation journey while other business units and even industry competitors get well underway.
Many data-driven technologies can be strategically implemented to benefit both finance and accounting and other business units and functional areas as part of an organization’s digital transformation initiative. Here are just a few examples:
These are just a few examples of how once data-driven technologies like those listed above are implemented, finance and accounting professionals and other business units can collaborate to achieve common goals and objectives. Furthermore, having these technologies supporting optimized business processes allows finance and accounting teams to act as a value-added resource to the business and ensures that these functions are able to properly scale and support the goals and strategy of an organization as they grow. Some of the end-to-end business process areas, and industries, and technologies we specialize in include:
Take our brief Digital Transformation Readiness Quiz to find out!
Our solutions identify and implement process and technology enhancements that are scalable and enable improved data reliability, productivity and timely reporting and analysis. Through our cross-functional team of risk and technology professionals, we provide insights and assistance in improving the foundational business processes of an organization, and identify and implement technology to further automate and support critical business processes.
For more information contact the team at [email protected] or visit our Digital Transformation page at www.schneiderdowns.com/digital-transformation.
Big Problem: Company Impacted By Ransomware.
Big Thinking: Restore System On-site And Avoid Six-figure Ransom.
Big Problem: Inefficient Tax Credit Realization.
Big Thinking: Identified A $900,000 Tax Credit, Nearly Twice As Much As Prior Years.
I had the privilege of attending my first Tech 50 Awards banquet on Thursday, November 14, which celebrated the most ...
I had the privilege of attending my first Tech 50 Awards banquet on Thursday, November 14, which celebrated the most ...
Receive all the latest insights and industry tips.
Schneider Downs is a Top 60 independent Certified Public Accounting (CPA) firm providing accounting, tax, audit and business advisory services to public and private companies, not-for-profit organizations and global companies. We also offer Internal Audit; Technology Consulting; Software Solutions; Personal Financial Services; Retirement Plan Solutions and Corporate Finance Services. Schneider Downs is the 13th largest accounting firm in the Mid-Atlantic region and serves individuals and companies in Pennsylvania (PA), Ohio (OH), West Virginia (WV), New York (NY), Maryland (MD), and additional states in the United States with offices in Pittsburgh, PA, Columbus, OH, and McLean, VA.
© 2024 Schneider Downs & Co., Inc. Maryland license number 35239.
Every moment counts. For urgent requests, contact the Schneider Downs digital forensics and incident response team at 1-800-993-8937. For all other requests, please complete the form below.
