Too often, the default setting on future-focused work is, “I don’t have the time.” Until a clear return on investment is de ned, many leaders fall back on the status quo, thinking we can dig ourselves out from the avalanche of busy-ness if we just work a little harder. But all is not lost. New productivity enablement and workflow solutions like those offered by XCM™ can help leadership teams work smarter, not harder—and increase their resource capacity to focus on strategies that prepare them for the future and deliver higher business performance.
Building a Future-ready Plan
Becoming future-ready starts with serious change…and change is stressful. The source of most of that tension isn’t the work that accounting and finance professionals do; it’s the outside disruptions that are impacting that work. Building strong cultures and future-focused strategies are critical for success and require time. If accounting and finance professionals are busier than ever—and they are—where will that capacity come from? One possible answer is improved workflow. Solutions that enable resource allocation, project tracking, process management, outsourcing of key services, as well as data management and analytics, can produce an increase in capacity that organizations need to address many of their key current and future business challenges
Many organizations implement remote and flexible work options with a goal to boost recruitment, retention, and productivity. Only later do leaders discover they are ill-prepared for this evolving work dynamic and fall back to outdated business processes and controls. They want to physically see their people and manage their output, as they may lack the confidence in the work getting done. This kills productivity and alienates the workforce, resulting in disengagement.
There are two problems with that line of thinking:
- We can’t. We’ll never have less work to do. The problem isn’t what we’re doing; it’s how we’re doing it
- Instead of worrying about the ROI, we should focus on the RONI—the risk of not investing. Today, that risk is huge. Our competitors are working to become future- ready. If we don’t, we risk irrelevance at best…and extinction at worst