The State of Play in UK Accounting

Challenges to Achieving Accounting Operational Excellence

This report analyses the current state of the accounting profession in the UK. The roles of accountants are shifting from number crunchers to operational leaders, driving performance and business strategy – aiming to achieve accounting operational excellence. 

However, this ideal state has become increasingly difficult to attain for controllers and their teams, and can be attributed to three main forces: 

• Increasing requirements
• People under duress
• The failed promise of technology 

This report explores the situation as it stands – and points to the way forward, suggesting accounting workflow automation software as one means to better achieve accounting operational excellence.