Discussion 3 Week 2

Good evening, Nancy. Your intervention in this week's forum seems very specific and accurate. I explained the subject as you did too. Arguing the actions that accountants can take to insert predictive accounting in their company, we can say that one of them is the justification of capital investments. At this point it is important to explain the ROI of purchases of future assets. Another action is to consider outsourcing, which is the hiring of a third party that is specialized in processes that are not key to the company. Finally, have a continuous system to improve processes and productivity. You must always keep in mind that "the business also needs insights into current costs, (and) guidance on investment opportunities" (Planful, 2022). Reference: Planful. (2022).The Business Needs Strategic and Predictive Accounting. https://planful.com/blog/the-shift-to-predictive-accounting