automation of accounting systems at Harris County Protective Services
Any organization in the fast-moving modern environment that is seeking the space of change to slow is likely to be greatly disappointed. The business environment is changing every single day; technology is changing, and customer trends are changing in equal measure. Businesses failing to embrace change will quickly wind up as dinosaurs-unable to compete and out of touch. Business organizations that fail to embrace change are likely to lose their competitive edge and fail to meet the ever-increasing and changing needs of their clients. The speed of communication and knowledge sharing has increased, and therefore, companies must respond in the same dimension to adapt to the changes being introduced and affected across the board.
The issue under discussion in this paper is the automation of accounting systems at Harris County Protective Services. For a considerably long time, the organization has been using outdated computer and technology systems to support its accounting systems and processes. Today, most companies have embraced automated and cloud-based accounting practices where accounting processes are not only made leaner but also faster. The organization is using outdated enterprise accounting systems and platforms, which not only slow down the department but also limits the amount of work that can be done by the staff working under it.
The weaknesses in outdated and old accounting systems compromise a buy-side organization’s ability to be competitive and create several human errors. Such outdated systems have also contributed to a significant amount of compliance breaches, incorrect valuation of organization portfolios and failure to detect fraud. Most companies realize the significance of adopting modern and state of the art accounting systems which support cloud accounting and other newer technologies such as artificial intelligence.
For a long time, the organization has been to slow to modernize, automate and upgrade its legacy accounting systems. It could be argued that they have been more interested in other facets of automation, such as front office managing and communication systems. The management has been slow in integrating different back-office systems that support leaner accounting systems and processes.