We surveyed a number of industry-leading CFOs and asked what digital tools they recommend for finance and operations teams to help them make accounting processes more remote-friendly.
What are the top digital finance and accounting tools?
The sudden shift of working from home necessitates the need for the adoption of online tools to help remote teams work optimally. Based on a 2019 survey by Zensar, 76 percent of respondents stated that digital tools make them more productive at work, and more than 53 percent said these tools make them more successful.
Procurify’s newest guide contains more than 100 tool recommendations from forward-thinking CFOs and CPAs to help finance, accounting, and operations teams be more productive, engaged, and connected.
The most popular tools were shared across five categories.
Category 1: the top accounting and finance digital tools
Firstly, we’ll look at general accounting and finance tools. The most recommended tools from CFOs include:
There are, of course, multiple other software tools for spend management, accounting close, cash management, digital billing, invoicing, and more.
Category 2: the top team collaboration platforms
Secondly, we asked CFOs about their favorite team collaboration platforms. Collaboration is an essential part of remote working. Without it, your team will find themselves isolated, disengaged, and alone. That’s why, if you’re opting to remain a remote-first organization, it’s crucial to integrate some new tools to allow your teams to work collaboratively.
Here are some tool recommendations from CFOs:
As well all know, Zoom is the go-to video conferencing platform for virtual meetings, appointment scheduling, and more. But, there are plenty others on the market, and we encourage teams of all sizes to find a solution that works best for them.
Category 3: the top security systems
Thirdly, we asked CFOs about their favorite security technologies that help them work smart and work safe while working remotely.
Here are some top security system recommendations from CFOs:
Virtual private networks are excellent ways of ensuring your time on the internet is safe and secure. For many organizations, VPNs, password management tools, and tools that encourage a safe workspace are the cornerstone of productive and efficient working.
Category 4: the top productivity tools
Project management tools are all the rage for remote-first teams. Sure, communication platforms like Slack are essential to productivity, but when it comes to tracking progress and getting things done, something more than just a communication tool is required.
Our top-recommended productivity tools from CFOs include:
If you’re on the legal or HR team, an electronic signatures tool is likely essential. Then there’s tools for time tracking, automation, and much more. Project management, after all, is only the foundation of a productive remote work environment.
Category 5: the best virtual socializing activities and apps
Finally, the best virtual socializing activities and recommended apps from CFOs include:
Physical fitness, mental wellbeing, and a place to relax and virtually hang out with people outside of the ‘office’ are all key to creating a safe and inclusive workplace, one that prides itself on strong company culture.
The list doesn’t stop there
To help you get the most recommended tools for working remotely, be sure to download our guide.
Editor's note Original publish date: 6 May 2020 Original author: Alice Ko We've since updated and republished this blog post with new content.