Nimble Team
How agile is your accounting team?
Do your rock stars have the opportunity to work on value-add activities that will help the business make better decisions and establish them as experts? Or, are they stuck in a continuous month-end cycle?
Documenting and optimizing your reconciliation process can promote a team that is available to better champion the business by:
Designing reconciliation roles and responsibilities based on your framework and policies
Aligning individuals to this model based on their strengths
Automating certain reconciliations and reducing their need to manually prepare and approve
Modifying the completion frequency of reconciliations driven by a risk-based model
Associating reconciliations to balance sheet process areas that involve a common team of stakeholders
GET RECONCILIATION STRONG™
What is one thing you can do today to support a more nimble team? Consider asking your team their opinion of your current reconciliation process and if they would like to be involved in optimizing it. You might just find someone who is passionate about the impact that a quality reconciliation process can have on your organization. Let’s get them and the rest of your team Reconciliation Strong. You’ll end up leading individuals toward subject matter expert status, strengthening their responsiveness and relationships within the organization through the process of quality reconciliations.
