The finance and accounting industry is constantly evolving. With new technologies and regulations being introduced all the time, it can be hard to keep up with the latest trends.
In this blog post, we will take a look at the top 5 finance and accounting career trends for 2023. These predictions have been made by experts in the field and are based on current trends.
1. More Efficient Record-Keeping with AI
2. The Evolution of the CFO Role
3. Increased focus on Cybersecurity
4. The need for data analysts will continue to grow
5. FinTech will shape the future of finance
1. More Efficient Record-Keeping with AI
One of the biggest trends in the finance and accounting industry is the increasing use of AI. This technology is being used to automate various tasks, including record-keeping. With AI, financial professionals will be able to work more efficiently and accurately. This will result in cost savings for businesses and improved decision-making.
2. The Evolution of the CFO Role
Another big trend that is predicted for 2023 is the evolution of the CFO role. The CFO is becoming more strategic and involved in the overall business. They are no longer just focused on the financial aspects of the business. This change is being driven by the need for businesses to be more agile and responsive to change.
3. Increased focus on Cybersecurity
With the increasing use of technology in the finance and accounting industry, cybersecurity is becoming a bigger concern. Hackers are constantly finding new ways to target businesses, so it is important for financial professionals to be aware of the latest trends. There will be an increased focus on cybersecurity in 2023, with businesses taking measures to protect themselves from attacks.
4. The need for data analysts will continue to grow
Data is becoming increasingly important in the finance and accounting industry. With the right data, businesses can make better decisions and improve their operations. This trend is expected to continue in 2023, with businesses needing more data analysts to help them make sense of the vast amounts of data available.
5. FinTech will shape the future of finance
FinTech is a term used to describe the intersection of finance and technology. This trend is expected to have a big impact on the finance and accounting industry in the coming years. FinTech startups are changing the way businesses operate, and traditional financial institutions are being forced to adapt. In 2023, we can expect to see more businesses using FinTech solutions to improve their operations.
If you need additional help with your accounting job search, contact the experienced recruiters at Venteon. As one of the top financial staffing agencies in Michigan, we know the companies looking for talented candidates like you. Connect with us soon!