Shagun Malhotra is the founder and CEO of Skystem. A CPA, CIA and an experienced auditor and process consultant, she started her career in public accounting and has worked in Fortune 100 companies such as Marriott and Freddie Mac. Her work focused primarily on internal controls and risk mitigation in both the international and domestic arenas. She has been a speaker for Fast Trac, a Kauffman Foundation program.
Recent projections showing that we could have a deficit of up to 3.5 million accountants by 2025.
Accounting is an industry wedded to traditional techniques, so leveraging new technology will require a cultural shift within the organization.
How can your company achieve financial well-being? The key is to invest in tech solutions.
When companies can accurately portray their financial health, it becomes easier for them to establish credibility, build relationships with stakeholders and access capital.
Familiarity with the Capability Maturity Model empowers companies to proactively prepare for audits by equipping them with knowledge about specific audit challenges associated with each level.
The accounting industry has been grappling with a shortage of qualified professionals for over a decade, and the problem will continue to affect businesses in 2023.
Accounting departments struggle to complete tasks and face difficulties keeping everything on track, especially during busy times of the year, due to inefficient tools or empowerment.
Finance teams need more resources to fulfill their digital transformations. Getting them requires clearly communicating the value of these investments.