3 digital areas for US CMAs to fuel Enterprise Success

It is no more a brave new world for accountants, as digitalization has already embraced every area of the accounting and financial industry. Companies that have resisted digital transformation are now on their toes to adapt to digitalization as they suffered revenue and customer loss. One quick way companies thought of stepping over the old guard is to hire accounting professionals with global certifications like US CMA to build resilience, growth, and value. To achieve this vision, the CMA course helps cover a technology and analytics integrated syllabus and the exposure to various accounting management tools and techniques allows accountants to deliver a unified experience, build innovative finance models to enhance customer experience, and push the company’s agility beyond their ecosystem.

Amidst these growing trends, here are three key areas that can help Certified Management Accountants use their credential and strategic insights to become a credible business partners of tomorrow.

Cloud Computing

Meeting customer expectations is a bottom line for business organizations but most often they are choked with a variety of IT challenges. To enable secure solutions, companies have flocked to cloud-based systems. To solve big data challenges companies have placed Quickbooks to advanced ERP systems as a priority on the investment ladder. So US CMAs familiar with these digital tools can leverage them to streamline information and make informed decisions in real time. This is one of the ways where the CMA classes scale the importance of accountants in companies as they leverage their computing abilities to build a wide network, resource pooling, and deliver on-demand and flexible service to keep business performance above the curve.

Digital Taxation

As CMA training provided by CMA training institutes deals mostly with tax analyses, it not only helps CMAs to control costs and reduce administrative challenges but also builds strategic insights to explore unique reasons behind the gathered data. Exposure to IT infrastructure enables Certified Management Accountants to take lead in advising companies to reorient underlying tax software that is applied for data entry and computational purposes, which can help bring down manual costs in the companies. The digital taxation software helps CMAs to focus on resolving high-complex data, tracking accounts, and accurately monitoring cash flow to handle projects effectively. The analytics and technology-integrated CMA exam curriculum gears accountants to handle critical projects through fact-driven innovative taxation software that enables them to gain hands-on experience in framing budgets and deploying resources effectively.

Mobile Accounting

With technology making an entry into the CMA syllabus, CMAs are now ready to perform complex accounting tasks from indoors without connecting to any local network of the company. An advantage of learning technology is that it gives more flexibility to accountants to simplify data-sharing processes and solve complex accounting challenges during unprecedented times, for instance, COVID-19. Since the pandemic has changed the accounting landscape, companies have been looking for more agile certified management accountants who leverage automation to fire-up performance and business value. The CMA certification helps accountants with digital capabilities to measure financial performance and access valuable financial data even when they are not around the computer or in office spaces.

Having additional credentials helps accountants not only to thrive in companies that look for an expert in the above three key digital-driven areas but also negotiate competitive salaries and benefits. The CMA certification trains accountants to develop a futuristic eye and immerse themselves in a world of technologies to ensure that they are not left behind in the competitive business age of tomorrow.

Miles Education is India's #1 CPA, CMA & CFA with presence across India, Middle East & US. Miles Education up-skills students & professionals to be future-ready with a career progression in Accounting & Finance.