Efficient financial accounting is what makes the difference between having a clear, winning strategy or constantly being caught on the wrong footing and having to change your plans. Software automation can help with getting your financial accounting in order, and the how can be explained by one of the most unexpected wins at this year’s Olympics.
Last Sunday, the 2024 Olympic Games concluded in Paris with a spectacular women's volleyball final between Italy and the USA. Italy, under the guidance of iconic volleyball coach Julio Velasco, secured a decisive victory, winning three sets to zero. Yet this win was nothing short of remarkable.
The Olympic Games are held every four years, with the last one taking place in 2021 due to a pandemic delay. They are the pinnacle of competitive sports and, typically, teams train for years under the same coach to qualify. However, the Italian women’s volleyball team had been underperforming in the two years leading up to the Olympics.
Then, just four months before the Games, the team brought in Velasco as a last-ditch effort to turn things around. In that extremely short span of time, the coach transformed the team from underdogs to gold medalists, managing to win all their games bar one throughout the entire competition.
This victory is now part of the history books, but what we’re interested in, especially when it comes to effective financial accounting, are the two key strategies Velasco focused on during training:
These two principles, applied over just four months, transformed the team into champions.
In volleyball, each team has just three touches to send the ball back over the net: receiving, setting, and attacking. Each action is interconnected and, while a team is only as good as the sum of its parts, it’s the cohesiveness that makes the execution. The same can be said for the financial industry, where a lack of teamwork is often the root of inefficiency.
As a company working in finances, it’s pretty safe to say that you receive data, prepare it, and then deliver your output. This process mirrors the flow of a volleyball game, which is why the way you execute these steps determines whether your team becomes a "gold-winning" one or not.
Integrating software automation with human expertise into your process can ensure the rapid transformation of your operations in just a few months, leading to effective financial accounting and even a reduction in overall data-inputting costs.
So, are you ready to turn your financial operations into a winning team? Then get in touch with us to discover how custom automation and integration within your team could mark the beginning of a new chapter in your success.