Accountants Need to Be Assertive When It Comes to Technology

07/20/23 • 29 min

The Closers: Modern Revenue Accounting Podcast

This episode features an interview with Jotham Ty, a proud accountant and the CEO of Gappify.

In this episode, Jotham helps us understand how accountants can be the value center for businesses, how automation technology can help the field to eliminate mechanical tasks, and what the industry can do to support and nurture the new generation of accountants.

Key Takeaways:

Automation opportunities help to reduce the mechanical workload accountants are currently bogged down with.
AI cannot be strategic. Based on the nature of how accountants have to apply roles and understand business context, AI can support the data gathering process, but it cannot provide the human element that's needed to make all the moving pieces work.
The accounting profession should not be limiting. There are a multitude of options for someone in the field looking for their next career move.

Segment Timestamps:

*(03:19) - Off the Ledger

*(14:54) - General Ledger

*(22:42) - The Future of RA

Links:

Sponsor:

Zuora’s Modern Accounting Summit: If you are an accounting or finance leader looking to learn from the best and elevate your role in the organization, this virtual Summit is for you!

Join us live to hear from modern CAOs and controllers, as well as the top experts from EY, PwC, and Deloitte. Together, we’ll explore what modern accounting looks like today and where it’s headed in the future. If you are unable to attend live, you can watch the event on-demand using the link below.

When: September 12 2023 at 09:00 AM – 11:00 AM PDT

Where: Learn more, register, or watch on-demand here.

Check out additional resources for this episode:

>> Connect with Em Daigle on LinkedIn

This episode features an interview with Jotham Ty, a proud accountant and the CEO of Gappify.

Key Takeaways:

Automation opportunities help to reduce the mechanical workload accountants are currently bogged down with.
AI cannot be strategic. Based on the nature of how accountants have to apply roles and understand business context, AI can support the data gathering process, but it cannot provide the human element that's needed to make all the moving pieces work.
The accounting profession should not be limiting. There are a multitude of options for someone in the field looking for their next career move.

Segment Timestamps:

*(03:19) - Off the Ledger

*(14:54) - General Ledger

*(22:42) - The Future of RA

Links:

Sponsor:

Zuora’s Modern Accounting Summit: If you are an accounting or finance leader looking to learn from the best and elevate your role in the organization, this virtual Summit is for you!

When: September 12 2023 at 09:00 AM – 11:00 AM PDT

Where: Learn more, register, or watch on-demand here.

Check out additional resources for this episode:

>> Connect with Em Daigle on LinkedIn

Previous Episode

Stepping Outside of Traditional Revenue Accounting Roles

This episode features an interview with Adam Greenson, Sr. Revenue Manager at Biscom.

In this episode, Adam shares about his experience moving out of public work and into the private sector, what it means to step out of a traditional accounting role to partner with a business, and what he sees as the key qualities and skills for a successful revenue team.

Key Takeaways:

Understanding how your data is collected and used is the first step in creating effective financial strategies for long-term growth.
Taking the time to work through individual problems intentionally instead of rushing through them helps to avoid wasting company time and money.
Foster a relational, exploratory culture among team members to be partners and collaborate on whatever is needed to maximize revenue within the business and achieve shared initiatives.

Segment Timestamps:

*(03:17) - Off the Ledger

*(17:27) - General Ledger

*(32:46) - The Future of RA

Links:

Sponsor:

Zuora’s Modern Accounting Summit: If you are an accounting or finance leader looking to learn from the best and elevate your role in the organization, this virtual Summit is for you!

When: September 12 2023 at 09:00 AM – 11:00 AM PDT

Where: Learn more, register, or watch on-demand here.

Check out additional resources for this episode:

>> Connect with Em Daigle on LinkedIn

Next Episode

Sustainability Beyond ESG Reporting

This episode features an interview with David Wray, President of DFCG International Group.

In this episode, David shares with us the work that needs to be done with sustainability reporting and how it’s connected to financial reporting, how to keep businesses and CFO’s responsible for monitoring modern slavery in the supply chain, and how we all have a part to play in making a difference for the next generation.

Key Takeaways:

It’s important to take into context how different cultures and parts of the world view and define “child labor” or “slavery” in order to have thoughtful conversations that can lead to solutions for these problems.
Collecting data with due diligence is key, and in order to make sure the data is accurate, there needs to be more regulation and controls on how particular data is collected, what kind of data is collected, and what’s being done with that data.
Seizing the moment as a leader is looking forward, allowing for exploration, adapting, learning, being agile and looking at how to be part of the solution.

Segment Timestamps:

*(03:01) - Off the Ledger

*(17:22) - General Ledger

*(29:21) - The Future of RA

Links:

Sponsor:

Zuora’s Modern Accounting Summit: If you are an accounting or finance leader looking to learn from the best and elevate your role in the organization, this virtual Summit is for you!

When: September 12 2023 at 09:00 AM – 11:00 AM PDT

Where: Learn more, register, or watch on-demand here.

Check out additional resources for this episode:

>> Connect with Em Daigle on LinkedIn