Lessons Learned in Reducing the Utilization of Manual Journal Entries

Description: Controlling the frequency and use of manual journal entries continues to be a challenge for most companies. However, with a focused initiative to utilize process design and technology to simplify this area, companies can make significant headway in minimizing the number of entries being generated by the company.

During this Peercast, one of our member companies will share the results of their efforts in this area and what results they have experienced thus far.

Peercast Poll Results

Poll Title: Reducing the Utilization of Manual Journal Entries

Background: Controlling the frequency and use of manual journal entries continues to be a challenge for most companies. However, with a focused initiative to utilize process design and technology to simplify this area, companies can make significant headway in minimizing the number of entries being generated by the company. This poll looks at when companies have last attempted to reduce manual entries and what has been most effective in doing so.

Poll Question: When was the last time your company made a formal attempt to reduce manual journal entries?


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  Currently underway 38%
  Within the last year 27%
  Within the last two years 23%
  Within the last 3-5 years 4%
  More than 5 years ago 0%
  Not aware of having done this 8%

Poll Question: What has had the most significant impact on reducing the number of manual journal entries?


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  Implementing a threshold or increasing existing thresholds 20%
  Implementing technology to automate journal entries 40%
  Targeted training to reduce errors that lead to manual journal entries 4%
  Moving certain journal entries to a less frequent cycle, i.e. from monthly to quarterly 24%
  Limiting which employees can create manual journal entries 0%
  Other (Please Comment) 12%
  Not Applicable 0%