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How CFOs are overcoming the accountant shortage.

Published by Brex

The document "How CFOs are Overcoming the Accountant Shortage" discusses the growing challenge of finding qualified accountants due to a significant decline in the profession. Between 2019 and 2021, the U.S. saw a 17% drop in accountants, leading to increased workloads and the potential for financial errors. To address this shortage, the document highlights the importance of accounting automation. Automated spend management, for instance, reduces errors by 90% and allows accountants to close books up to seven times faster. This automation enables finance teams to focus on more strategic tasks, improving overall business efficiency and decision-making.

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Related Categories Accounting, Expenses, Enterprise Resource Planning (ERP)

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