Accounting & Business Process:

Dedicated team providing Accounting, Payroll Outsourcing Services and support to domestic and international clients on a wide range of transactions and events. Rapid and continuous changes in global economic conditions have forced organizations to realize the need for continuous improvement and innovation in their business processes in order to remain relevant in a dynamic and competitive environment. This has led to several business process improvement strategies such as Lean thinking and Six-Sigma. This paper examines the changing role of the accounting function from a passive, record keeping and custodial function to a proactive business support role, with the capacity to drive innovation, business intelligence and competitive advantage through business process improvement. The relationship between business process improvement and accounting is examined from two perspectives
(a) considering the accounting function as an enabler for business process improvement and
(b) considering how business process improvement techniques can be used to improve accounting processes.