The percentage of company financial staff devoted to general accounting leveled off in 2017, according to a new report, but the reasons are uncertain.
Companies devoted 16% of their finance staff resources to general accounting in 2017, identical to the percentage the previous year, according to data from a newly released 2017 benchmarking report by staffing services provider Robert Half.
The percentage of staff resources dedicated to general accounting had declined significantly from 23% in 2014 to 16% in 2016. The leveling off over the past year, according to the report based on a survey of more than 1,400 U.S. and Canadian finance organization leaders, may be occurring because companies may have reached a point where they cannot or do not want to automate any more general accounting duties.
Nonetheless, the report shows evidence of continuing technological advancement in company finance and accounting departments. Almost three-fourths (72%) of U.S. companies surveyed are either using cloud-based solutions or plan to do so in the future, compared with 62% in…