One Eight Strategic Partners reposted this
Government Finance Officers Association (GFOA) has taken on some very important topics lately that are moving Governments forward. Having been working in this industry for 20 plus years, it is great to see the profession questioning status quo. The Silver Tsunami is real and it is becoming harder and harder to recruit and retain Government Employees. I have probably spent over two years of my professional career manually creating reports that may or may not be read by anyone, a big waste of time. It will be great when all reporting is automated, so we can spend our time being more strategic in analyzing and planning the future. I am hearing over and over again lately how great ERP systems are in the core accounting functions but the limitations in reporting and analysis. My recommendations to all my colleagues is to stop fighting the system and let it do what it is best at and look for another technology provider to leverage the system and provide the reporting automation and analysis we need. #GFOAisAmazing #Rethinking #Government #reportingautomation
How much information is too much? A recent GFOA survey suggests a large portion of members who produce financial reports question whether the benefits outweigh the costs. This article from the latest issue of Government Finance Review defines the problem with the current approach and offers questions to help define a new path forward. Learn more: https://lnkd.in/g9hDFiM8 #GFOA #localgov #rethinkingfinancialreporting #accounting