CFO Focus: Why your accounting software needs to engage managers beyond financial staff

Sharing filtered browser-based data dashboards with managers throughout the credit union empowers good decision-making across the organization.

In our “data is king” world, it is imperative that individuals beyond the CFO are aware of certain information about their management group within the credit union. This is particularly true for accounting data within the mortgage department. Having accounting data about mortgages empowers managers and loan officers to make insightful decisions. But too much can lead to data overload and become ineffective.

This begs the question—how do CFOs manage accounting software used by other individuals at the credit union?

It Starts With Breaking Down the Silos

Historically, accounting data was processed and compiled by the credit union’s accounting department. Senior accounting staff and financial analysts would then present the reports to upper management.

 

continue reading »

More News