tech and fintech

how artificial intelligence will drive the next wave of merger mania

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large fish eating medium fish eating small fishit may be time to prepare a plan b.

by domenick j. esposito
8 steps to great

we are halfway into the year 2017 and the frenzied pace of cpa firm mergers and acquisitions – when compared to the years 2015 and 2016 when there were over 100 and over 200 transactions, respectively – has not slowed down one bit.

more on strategic planning: what a value proposition truly is (and isn’t) | the importance of m&a culture due diligence | are you attracting the new breed of equity partners? | quality work, quality service not the same thing | who will be the next category killer? | why is strategy execution so difficult? | time running out for succession planning | the benefits of a client situation review
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

we continue to witness a perfect storm caused by:
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optimize scanning applications and procedures

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fujitsu fi-6110 desktop scannersoftware will flag potential errors right off the bat.

by roman h. kepczyk

for the next few years it is anticipated that accounting firm clients will deliver the majority of their organizers and supporting tax documents to the firm in a physical format.

more on tech spending: is your tax workflow digital yet? | preventing document retention headaches | which wireless? | remote access takes planning | transitioning to windows 10 | desktops vs. laptops

to utilize this information in a paperless environment, it must be effectively scanned and managed at the lowest possible cost.
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that oncoming train is blockchain accounting

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old steam train pulling into a tunnel belching steam and smokebut you can ride it to the new destiny of your practice.

by hitendra patil

warning: this is not fiction. this is not sci-fi.

more on entrepreneurial strategy:  is blockchain a cloud killer?  |  is blockchain an extinction event for accountants?  |  blockchain: questions are the answer | 22 ways blockchain will impact the accounting profession  |  how to beat automation in accounting | podcast: how to become a true ‘accountaneur’ | how job titles can rebrand your firm | forget cpe, you need an fpe | ‘uberizing’ means more than technology | new survey results: ‘decisiveness’ rated top trait for success in accounting business | the 5 most common marketing blunders accountants make | how the “1099 economy” will transform accounting | four signs the uberization of accounting has already begun
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

when the best brains in the payments systems and regulatory organizations across the world sit and take serious note of the possible impact of blockchain on the entire financial sector, the accounting and tax profession cannot afford to ignore blockchain.
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keep pace first, change will come (like it or not)

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man scratching head while standing at crossroadsbuckle up, buttercup, but remember the choices are yours.

by seth fineberg
accounting firm operations and technology survey

if you’ve been paying attention, albeit sporadically, you’ve gleaned that the accounting profession as a whole – much like small businesses in general – is at a crossroads.

more from afots: you’re not tech-savvy if you’re not cyber-safe, too | lions and tigers and blockchain and bots, oh my!
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is your tax workflow digital yet?

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pixelated blue text "workflow" on binary code backgroundmake sure it’s not just your admins using the tools.

by roman h. kepczyk

the most important aspect of transitioning the firm’s tax process to a digital environment is managing electronic files that are no longer physically viewable in assorted stacks around the office.

more on tech spending: be strict about document retention | document management requires firm standards | why unified messaging matters | get in front of application updates | why you need offsite backup
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

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preventing document retention headaches

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last day words written in red marker ink on a calendar date and circled as a reminder of the deadlinebe sure to set expiration dates.

by roman h. kepczyk

managing digital files is in many ways similar to managing paper files in that the firm must have standards for who can

  • create a document,
  • add to or edit a document,
  • file it and eventually
  • purge the file.

more on tech spending: document management requires firm standards | back up your bandwidth | how to choose which microsoft office version to use | time to replace a server? consider the cloud | monitor real estate: more is better | why you need an independent security review

 

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

 

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lions and tigers, blockchain and bots, oh my!

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digital computer blockchain illustrationexpect more drudgery to be automated.

by bob scott

many accounting professionals are still grappling with mobile devices, social media and cloud computing. but the next big things are already being hyped and debated.

and even though they will take years to move into the practical realm for practitioners, it’s time to at least learn the buzz words and understand the concepts because these technologies have the potential for as much change and disruption as we’ve seen in the things we are still trying to understand during the current century.
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document management requires firm standards

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businessman jumping with papers stuck to himtry to project your future space needs.

by roman h. kepczyk

the network drive in most firms is not very well organized and requires the most cleanup.

more on tech spending: the 4 types of firm knowledge | which wireless? | remote access takes planning | transitioning to windows 10 | desktops vs. laptops | keep your tech budget updated | mandate training programs | turn to portal encryption
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

this happens because it is usually managed with microsoft windows explorer, which allows almost anyone to create or access a file anywhere on the drive. unfortunately, there is seldom a firm standard that is adhered to, allowing users to create files with any naming convention they want and store it anywhere they please. the result can be files that are hard to find and slow to search across the network.
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the 4 types of firm knowledge

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kpi business management with key performance indicator presented by businessman… and how to capture them.

by roman h. kepczyk

firm knowledge and information is usually stored in one of four “buckets.”

more on tech spending: which wireless? | why unified messaging matters | get in front of application updates | why you need offsite backup | use scanners to capture source documents | develop monthly it flash reports | centralize contact administration | is your ap digital yet? | a better way to handle time & expenses | how the best cpa firms capture best tech practices in procedures manuals
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the most obvious is within the accounting applications themselves where tax, audit and accounting programs store client files in a format that can only be accessed with that program. files are usually indexed and accessed in designated directories so there is not much the firm can do about moving these files.
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which wireless?

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blue wifi symbol over a map backgroundwhat do your employees need? hotspots.

by roman h. kepczyk

one of the revolutions in remote connectivity is happening within your cell phone as digital cellular providers have beefed up and expanded their networks to provide reliable internet access to remote devices.

more on tech spending: why unified messaging matters | back up your bandwidth | how to choose which microsoft office version to use | time to replace a server? consider the cloud | monitor real estate: more is better | why you need an independent security review | standardize quickbooks support (and bring your clients) | remote deposit saves in several ways | how efficient are your audits?
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

today, the vast majority of the u.s. and canada has access to the internet through the 4g digital cellular network at speeds of 1mbps or more, which is adequate for remote access to most applications, particularly those hosted by cloud providers.
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why unified messaging matters

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voicemail word cloudconsider tying in the email system, too.

by roman h. kepczyk

i’ve said that firms should strive to capture all data in a digital format at its “root” source. this goes for services such as the firm’s fax and voicemail systems as well.

more on tech spending: back up your bandwidth | remote access takes planning | transitioning to windows 10 | desktops vs. laptops | keep your tech budget updated | mandate training programs | turn to portal encryption | deliver reports digitally (even in-house) | tech trends for auditors
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

traditional inbound faxes are usually printed from a fax machine and then hand-delivered to the recipient’s desk. in some cases, this image is actually rescanned and emailed to the recipient.
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