Embark your C-Suite with technology
We live in an age of abundant new technologies. Consumers are inundated with faster, more sophisticated smartphones every year, and the Internet of Things keeps people connected with ever-smarter devices, from refrigerators to automobiles. Business leaders face the same advanced technology that can improve their business and operations, if used correctly.
It can be difficult to integrate the C suite with new technologies, despite the benefits they can bring to a business. In a world facing constant upgrades, many executives are exhausted from implementing new technologies. They may wonder if all the advancements are really worth the investment. Here are some tips when introducing technology to your executives to get them on board with the changes.
Highlight the bottom line
Adopting new technologies is often a costly undertaking, and being an early adopter can be particularly risky. You don’t have to look further than cryptocurrency to see both the risk and possible reward of investing in new technology.
When introducing a new technology to the C suite, it’s essential to show how seizing the opportunity will ultimately pay off. For example, the use of automation reduces costs for accounting firms and the clients they serve because it improves accuracy and efficiency. Automation can be used in various industries, including accounting, to eliminate human error. Mundane and repetitive tasks that consume employees’ time and energy can also be delegated to automation, freeing up valuable time for more profitable work.
Keep their business in mind
The goal of every business is to develop a successful business. When the C-suite sees the power of technology to drive business, it will be an easy sell.
KPIs are a valuable tool to help a business track its performance in critical areas, such as customer satisfaction, operational cash flow, profit margins, and more. Using the right technology can improve how KPIs are measured, analyzed, and used to drive business forward. Customizable dashboards are an incredible resource for displaying all the KPIs a business needs. Dashboards allow executives to make data-driven decisions for the business with up-to-date information.
Show them the magic
When it comes to new technologies, the proof is in the pudding. The best way to entice executives to try new technologies is to show them exactly how their business will benefit.
Using automation, visual reports, and customizable dashboards, CPAs can give C-suites a bird’s-eye view of their company’s finances, including real-time metrics, accurate forecasts, and where the company meets its targets or falls short. With the stunning visualization and instant feedback that a customizable dashboard can provide, executives will have a “lightbulb” moment and see the true value of using technology.
Adopting new technologies can ensure that a business remains competitive in its industry. Try these tips to help your C-suite see the benefits of using technology to add value to their business.
Justin Hatch is the CEO of Reach Reporting.